Zacks Investment Research upgraded shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) from a hold rating to a buy rating in a research note released on Thursday morning. They currently have $49.00 price objective on the stock.

According to Zacks, “Ollie’s Bargain Outlet Holdings, Inc. is a retailer of closeouts, excess inventory and salvage merchandise. The Company’s product includes housewares, food, books and stationery, bed and bath, floor coverings, toys and hardware. Its brand portfolio consist of Ollie’s, Ollie’s Bargain Outlet, Ollie’s Army, Real Brands! Real Bargains! and Good Stuff Cheap. The company operates primarily in Alabama, Delaware, Georgia, Indiana, Kentucky, Maryland, Michigan, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Virginia and West Virginia. Ollie’s Bargain Outlet Holdings, Inc. is based in Harrisburg, United States. “

Other research analysts also recently issued reports about the company. BidaskClub upgraded Ollie’s Bargain Outlet Holdings from a buy rating to a strong-buy rating in a research note on Wednesday, July 5th. Jefferies Group LLC reiterated a buy rating and set a $48.00 target price on shares of Ollie’s Bargain Outlet Holdings in a research note on Wednesday. TheStreet upgraded Ollie’s Bargain Outlet Holdings from a c rating to a b- rating in a research note on Monday, July 17th. Credit Suisse Group reissued a hold rating on shares of Ollie’s Bargain Outlet Holdings in a report on Sunday, June 4th. Finally, Royal Bank Of Canada reissued a buy rating and set a $37.00 price target on shares of Ollie’s Bargain Outlet Holdings in a report on Thursday, May 25th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Ollie’s Bargain Outlet Holdings presently has an average rating of Buy and an average target price of $44.20.

Shares of Ollie’s Bargain Outlet Holdings (NASDAQ OLLI) traded up 0.34% during mid-day trading on Thursday, hitting $43.70. 839,265 shares of the company were exchanged. The stock has a market cap of $2.67 billion, a PE ratio of 41.23 and a beta of 0.15. The stock’s 50-day moving average price is $43.89 and its 200 day moving average price is $38.53. Ollie’s Bargain Outlet Holdings has a 12-month low of $24.12 and a 12-month high of $46.08.

Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) last issued its earnings results on Wednesday, May 31st. The company reported $0.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.02. Ollie’s Bargain Outlet Holdings had a return on equity of 10.11% and a net margin of 7.25%. The company had revenue of $227.60 million during the quarter, compared to the consensus estimate of $220.56 million. During the same period in the previous year, the company posted $0.20 EPS. The firm’s revenue for the quarter was up 17.5% compared to the same quarter last year. On average, equities analysts anticipate that Ollie’s Bargain Outlet Holdings will post $1.17 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This article was first posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are accessing this article on another publication, it was illegally stolen and reposted in violation of U.S. and international trademark and copyright laws. The correct version of this article can be viewed at https://theolympiareport.com/2017/08/27/ollies-bargain-outlet-holdings-inc-olli-upgraded-at-zacks-investment-research.html.

In related news, SVP Omar Segura sold 43,323 shares of Ollie’s Bargain Outlet Holdings stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $45.15, for a total transaction of $1,956,033.45. Following the completion of the sale, the senior vice president now directly owns 26,000 shares of the company’s stock, valued at approximately $1,173,900. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Mark L. Butler sold 285,623 shares of Ollie’s Bargain Outlet Holdings stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $45.19, for a total value of $12,907,303.37. Following the sale, the chief executive officer now directly owns 5,038,224 shares of the company’s stock, valued at $227,677,342.56. The disclosure for this sale can be found here. Over the last three months, insiders have sold 494,233 shares of company stock valued at $22,241,680. 22.25% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the company. Teachers Advisors LLC boosted its stake in Ollie’s Bargain Outlet Holdings by 2.6% in the fourth quarter. Teachers Advisors LLC now owns 32,999 shares of the company’s stock valued at $939,000 after buying an additional 828 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in Ollie’s Bargain Outlet Holdings by 2.1% in the first quarter. Louisiana State Employees Retirement System now owns 19,500 shares of the company’s stock valued at $653,000 after buying an additional 400 shares during the last quarter. Nisa Investment Advisors LLC purchased a new stake in Ollie’s Bargain Outlet Holdings during the first quarter valued at $235,000. State of Alaska Department of Revenue boosted its stake in Ollie’s Bargain Outlet Holdings by 2.9% in the first quarter. State of Alaska Department of Revenue now owns 5,280 shares of the company’s stock valued at $176,000 after buying an additional 150 shares during the last quarter. Finally, Profund Advisors LLC purchased a new stake in Ollie’s Bargain Outlet Holdings during the first quarter valued at $225,000. 92.90% of the stock is owned by institutional investors and hedge funds.

About Ollie’s Bargain Outlet Holdings

Ollie’s Bargain Outlet Holdings, Inc is a retailer of brand name merchandise. The Company offers customers a selection of brand name products, including food, housewares, books and stationery, bed and bath, floor coverings, electronics and toys. Its warehouse format stores feature a range of products, including hardware, personal healthcare, candy, clothing, sporting goods, pet and lawn and garden products.

Get a free copy of the Zacks research report on Ollie’s Bargain Outlet Holdings (OLLI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Ollie`s Bargain Outlet Holdings (NASDAQ:OLLI)

Receive News & Ratings for Ollie's Bargain Outlet Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ollie's Bargain Outlet Holdings Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.