Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.

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. “

A number of other equities analysts have also weighed in on the company. BidaskClub raised Ollie’s Bargain Outlet Holdings from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 5th. Royal Bank Of Canada upped their price objective on Ollie’s Bargain Outlet Holdings from $47.00 to $49.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 30th. Bank of America Corporation reaffirmed a “buy” rating and issued a $52.00 price objective on shares of Ollie’s Bargain Outlet Holdings in a research note on Tuesday, September 5th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $50.00 price objective (up previously from $48.00) on shares of Ollie’s Bargain Outlet Holdings in a research note on Thursday, August 31st. Finally, TheStreet raised Ollie’s Bargain Outlet Holdings from a “c” rating to a “b-” rating in a research note on Monday, July 17th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Ollie’s Bargain Outlet Holdings presently has a consensus rating of “Buy” and a consensus price target of $47.82.

Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) last released its quarterly earnings data on Tuesday, August 29th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The firm had revenue of $254.60 million during the quarter, compared to analyst estimates of $242.85 million. Ollie’s Bargain Outlet Holdings had a return on equity of 10.44% and a net margin of 7.60%. The business’s quarterly revenue was up 20.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.21 earnings per share.

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In other Ollie’s Bargain Outlet Holdings news, CEO Mark L. Butler sold 5,938 shares of the company’s stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $46.00, for a total transaction of $273,148.00. Following the sale, the chief executive officer now directly owns 4,509,395 shares in the company, valued at $207,432,170. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Mark L. Butler sold 5,023 shares of the company’s stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $46.00, for a total value of $231,058.00. Following the sale, the chief executive officer now owns 4,509,395 shares in the company, valued at $207,432,170. The disclosure for this sale can be found here. Insiders sold 1,150,604 shares of company stock worth $52,550,809 over the last quarter. 22.25% of the stock is owned by company insiders.

A number of hedge funds have recently modified their holdings of OLLI. Advisor Group Inc. raised its position in Ollie’s Bargain Outlet Holdings by 23.2% during the second quarter. Advisor Group Inc. now owns 2,853 shares of the company’s stock valued at $122,000 after purchasing an additional 537 shares during the period. Whittier Trust Co. of Nevada Inc. purchased a new stake in Ollie’s Bargain Outlet Holdings during the second quarter valued at approximately $139,000. D.A. Davidson & CO. raised its position in Ollie’s Bargain Outlet Holdings by 14.9% during the second quarter. D.A. Davidson & CO. now owns 3,442 shares of the company’s stock valued at $146,000 after purchasing an additional 447 shares during the period. Ameritas Investment Partners Inc. raised its position in Ollie’s Bargain Outlet Holdings by 165.2% during the second quarter. Ameritas Investment Partners Inc. now owns 4,180 shares of the company’s stock valued at $178,000 after purchasing an additional 2,604 shares during the period. Finally, Royal Bank of Canada raised its position in Ollie’s Bargain Outlet Holdings by 302.7% during the second quarter. Royal Bank of Canada now owns 4,257 shares of the company’s stock valued at $182,000 after purchasing an additional 3,200 shares during the period. Institutional investors and hedge funds own 91.92% of the company’s stock.

Ollie’s Bargain Outlet Holdings Company Profile

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.

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

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