ValuEngine downgraded shares of Ollie’s Bargain Outlet (NASDAQ:OLLI) from a strong-buy rating to a buy rating in a research note published on Thursday morning.

A number of other brokerages have also issued reports on OLLI. Morgan Stanley set a $75.00 price objective on shares of Ollie’s Bargain Outlet and gave the company an equal weight rating in a report on Thursday, September 6th. MKM Partners raised their target price on shares of Ollie’s Bargain Outlet from $80.00 to $80.00 and gave the company a neutral rating in a report on Wednesday, September 5th. Zacks Investment Research raised shares of Ollie’s Bargain Outlet from a hold rating to a buy rating and set a $99.00 target price for the company in a report on Monday, September 10th. BidaskClub lowered shares of Ollie’s Bargain Outlet from a strong-buy rating to a buy rating in a report on Friday, September 14th. Finally, Royal Bank of Canada lowered shares of Ollie’s Bargain Outlet from an outperform rating to a sector perform rating and set a $95.00 price objective for the company. in a research note on Monday, November 5th. They noted that the move was a valuation call. Seven equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Ollie’s Bargain Outlet has an average rating of Buy and an average target price of $90.33.

OLLI traded up $0.32 during trading on Thursday, reaching $72.22. 407,790 shares of the company traded hands, compared to its average volume of 622,303. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.03 and a quick ratio of 0.31. Ollie’s Bargain Outlet has a 12-month low of $47.76 and a 12-month high of $97.61. The firm has a market cap of $5.44 billion, a P/E ratio of 57.77, a price-to-earnings-growth ratio of 1.97 and a beta of 0.34.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data on Tuesday, December 4th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. Ollie’s Bargain Outlet had a net margin of 12.89% and a return on equity of 12.66%. The business had revenue of $283.60 million during the quarter, compared to analyst estimates of $278.62 million. During the same period last year, the firm posted $0.22 EPS. The company’s revenue was up 19.1% on a year-over-year basis. On average, sell-side analysts anticipate that Ollie’s Bargain Outlet will post 1.77 earnings per share for the current year.

In other news, CEO Mark L. Butler sold 80,000 shares of Ollie’s Bargain Outlet stock in a transaction on Tuesday, December 4th. The stock was sold at an average price of $88.95, for a total transaction of $7,116,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,650,242 shares in the company, valued at $235,739,025.90. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Jay Stasz sold 5,337 shares of Ollie’s Bargain Outlet stock in a transaction on Thursday, September 13th. The stock was sold at an average price of $91.16, for a total value of $486,520.92. Following the sale, the chief financial officer now owns 12,733 shares of the company’s stock, valued at $1,160,740.28. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 485,337 shares of company stock valued at $44,137,101. Corporate insiders own 20.27% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd lifted its position in shares of Ollie’s Bargain Outlet by 290.0% during the third quarter. Harvest Fund Management Co. Ltd now owns 1,568 shares of the company’s stock worth $151,000 after purchasing an additional 1,166 shares during the last quarter. Parallel Advisors LLC lifted its position in shares of Ollie’s Bargain Outlet by 414.7% during the third quarter. Parallel Advisors LLC now owns 1,750 shares of the company’s stock worth $168,000 after purchasing an additional 1,410 shares during the last quarter. Glenmede Trust Co. NA lifted its position in shares of Ollie’s Bargain Outlet by 92.8% during the third quarter. Glenmede Trust Co. NA now owns 1,897 shares of the company’s stock worth $181,000 after purchasing an additional 913 shares during the last quarter. Norris Perne & French LLP MI bought a new stake in shares of Ollie’s Bargain Outlet during the third quarter worth $203,000. Finally, Verition Fund Management LLC bought a new stake in shares of Ollie’s Bargain Outlet during the second quarter worth $214,000. Institutional investors and hedge funds own 90.73% of the company’s stock.

About Ollie’s Bargain Outlet

Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise. The company offers food products, housewares, books and stationery, bed and bath products, floor coverings, electronics, and toys; and other products, including hardware, personal health care, candy, clothing, sporting, pet and lawn, and garden products.

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

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