Ollie’s Bargain Outlet (NASDAQ:OLLI – Free Report) had its price target boosted by Craig Hallum from $80.00 to $91.00 in a research report report published on Friday, Marketbeat.com reports. They currently have a buy rating on the stock.
A number of other research firms have also weighed in on OLLI. Citigroup raised their price target on shares of Ollie’s Bargain Outlet from $49.00 to $51.00 in a research report on Thursday, June 8th. Truist Financial raised their target price on Ollie’s Bargain Outlet from $64.00 to $71.00 and gave the company a hold rating in a research report on Wednesday, August 2nd. 22nd Century Group restated a maintains rating on shares of Ollie’s Bargain Outlet in a research note on Thursday, June 8th. KeyCorp upped their price objective on Ollie’s Bargain Outlet from $79.00 to $93.00 and gave the company an overweight rating in a research note on Friday. Finally, Bank of America upped their price objective on shares of Ollie’s Bargain Outlet from $70.00 to $72.00 in a report on Thursday, June 8th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of Hold and a consensus price target of $73.73.
Check Out Our Latest Analysis on OLLI
Ollie’s Bargain Outlet Stock Performance
Ollie’s Bargain Outlet (NASDAQ:OLLI – Get Free Report) last announced its earnings results on Thursday, August 31st. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.06. The company had revenue of $514.50 million for the quarter, compared to analysts’ expectations of $499.04 million. Ollie’s Bargain Outlet had a return on equity of 8.92% and a net margin of 6.45%. Ollie’s Bargain Outlet’s quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.22 earnings per share. As a group, sell-side analysts forecast that Ollie’s Bargain Outlet will post 2.62 earnings per share for the current fiscal year.
Insider Buying and Selling
In other Ollie’s Bargain Outlet news, CEO John W. Swygert sold 3,549 shares of the stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $73.38, for a total transaction of $260,425.62. Following the transaction, the chief executive officer now directly owns 48,200 shares in the company, valued at $3,536,916. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO John W. Swygert sold 800 shares of the stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $73.33, for a total transaction of $58,664.00. Following the completion of the sale, the chief executive officer now directly owns 48,200 shares in the company, valued at approximately $3,534,506. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John W. Swygert sold 3,549 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $73.38, for a total value of $260,425.62. Following the completion of the transaction, the chief executive officer now directly owns 48,200 shares in the company, valued at $3,536,916. The disclosure for this sale can be found here. Insiders sold 9,139 shares of company stock worth $670,006 in the last quarter. 0.86% of the stock is owned by insiders.
Institutional Investors Weigh In On Ollie’s Bargain Outlet
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Shaker Investments LLC OH raised its stake in shares of Ollie’s Bargain Outlet by 0.9% during the first quarter. Shaker Investments LLC OH now owns 18,479 shares of the company’s stock valued at $1,071,000 after acquiring an additional 157 shares during the last quarter. Covestor Ltd raised its position in Ollie’s Bargain Outlet by 48.0% during the 2nd quarter. Covestor Ltd now owns 530 shares of the company’s stock valued at $31,000 after purchasing an additional 172 shares during the last quarter. Campbell Newman Asset Management Inc. grew its position in shares of Ollie’s Bargain Outlet by 0.9% in the 1st quarter. Campbell Newman Asset Management Inc. now owns 19,144 shares of the company’s stock worth $1,109,000 after buying an additional 180 shares during the last quarter. Signaturefd LLC increased its stake in shares of Ollie’s Bargain Outlet by 13.9% during the second quarter. Signaturefd LLC now owns 1,507 shares of the company’s stock valued at $87,000 after buying an additional 184 shares during the period. Finally, Voya Investment Management LLC raised its holdings in shares of Ollie’s Bargain Outlet by 1.2% during the fourth quarter. Voya Investment Management LLC now owns 16,627 shares of the company’s stock valued at $779,000 after acquiring an additional 196 shares in the last quarter.
About Ollie’s Bargain Outlet
Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise in the United States. The company offers housewares, bed and bath, food, floor coverings, health and beauty aids, books and stationery, toys, and electronics; and other products, including hardware, candy, clothing, sporting goods, pet and lawn, and garden products.
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