Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) reached a new 52-week high during mid-day trading on Tuesday after Jefferies Group raised their price target on the stock to $57.00. Jefferies Group currently has a buy rating on the stock. Ollie’s Bargain Outlet traded as high as $50.65 and last traded at $49.60, with a volume of 1117600 shares traded. The stock had previously closed at $47.50.

Several other research firms have also issued reports on OLLI. Zacks Investment Research upgraded shares of Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research report on Tuesday, September 19th. Morgan Stanley began coverage on shares of Ollie’s Bargain Outlet in a research report on Monday, September 25th. They issued an “equal weight” rating and a $46.00 price target on the stock. KeyCorp restated a “buy” rating and issued a $50.00 price target on shares of Ollie’s Bargain Outlet in a research report on Friday, September 29th. Citigroup began coverage on shares of Ollie’s Bargain Outlet in a report on Friday, November 17th. They set a “sell” rating and a $39.00 price objective for the company. Finally, BidaskClub downgraded shares of Ollie’s Bargain Outlet from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $47.46.

In other news, CEO Mark L. Butler sold 13,788 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $47.50, for a total transaction of $654,930.00. Following the completion of the transaction, the chief executive officer now directly owns 4,065,075 shares of the company’s stock, valued at approximately $193,091,062.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Mark L. Butler sold 110,059 shares of the firm’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $46.02, for a total transaction of $5,064,915.18. Following the transaction, the chief executive officer now directly owns 4,770,421 shares of the company’s stock, valued at $219,534,774.42. The disclosure for this sale can be found here. Insiders have sold a total of 1,587,713 shares of company stock valued at $74,317,958 over the last ninety days. 22.25% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in the stock. Shelton Capital Management bought a new position in Ollie’s Bargain Outlet during the 3rd quarter valued at about $213,000. GSA Capital Partners LLP bought a new position in Ollie’s Bargain Outlet during the 3rd quarter valued at about $243,000. Sterling Capital Management LLC lifted its holdings in Ollie’s Bargain Outlet by 15.8% during the 3rd quarter. Sterling Capital Management LLC now owns 78,276 shares of the company’s stock valued at $3,632,000 after purchasing an additional 10,675 shares during the last quarter. First Heartland Consultants Inc. bought a new position in Ollie’s Bargain Outlet during the 3rd quarter valued at about $207,000. Finally, California Public Employees Retirement System bought a new position in Ollie’s Bargain Outlet during the 3rd quarter valued at about $590,000. 90.05% of the stock is owned by hedge funds and other institutional investors.

The stock has a market cap of $3,110.00 and a price-to-earnings ratio of 43.98. The company has a current ratio of 2.80, a quick ratio of 0.29 and a debt-to-equity ratio of 0.17.

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Ollie’s Bargain Outlet 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.

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