Investment analysts at Dougherty & Co initiated coverage on shares of Ollie’s Bargain Outlet (NASDAQ:OLLI) in a research note issued on Thursday, The Fly reports. The brokerage set a “buy” rating on the stock.

Several other research firms also recently commented on OLLI. BidaskClub downgraded Ollie’s Bargain Outlet from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 5th. Credit Suisse Group upped their target price on Ollie’s Bargain Outlet from $89.00 to $103.00 and gave the company an “outperform” rating in a report on Tuesday, May 14th. They noted that the move was a valuation call. Zacks Investment Research cut Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a report on Friday, March 29th. Finally, Morgan Stanley upped their target price on Ollie’s Bargain Outlet from $74.00 to $79.00 and gave the company an “equal weight” rating in a report on Wednesday, March 27th. Eight investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $91.23.

NASDAQ OLLI opened at $99.85 on Thursday. Ollie’s Bargain Outlet has a one year low of $59.72 and a one year high of $101.18. The firm has a market capitalization of $6.37 billion, a P/E ratio of 54.56, a PEG ratio of 1.97 and a beta of 1.02.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings data on Tuesday, March 26th. The company reported $0.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.01. Ollie’s Bargain Outlet had a return on equity of 13.71% and a net margin of 10.88%. The firm had revenue of $393.93 million during the quarter, compared to the consensus estimate of $398.13 million. During the same period in the prior year, the company earned $0.51 EPS. The firm’s revenue was up 10.4% compared to the same quarter last year. Equities analysts predict that Ollie’s Bargain Outlet will post 2.16 earnings per share for the current year.

In other news, VP Kenneth Robert Bertram sold 16,000 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $79.80, for a total transaction of $1,276,800.00. Following the completion of the transaction, the vice president now directly owns 21,717 shares in the company, valued at approximately $1,733,016.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO John W. Swygert sold 3,149 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $79.98, for a total value of $251,857.02. Following the transaction, the chief operating officer now owns 33,699 shares of the company’s stock, valued at $2,695,246.02. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 231,451 shares of company stock valued at $19,056,713. 16.36% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Advisory Services Network LLC boosted its holdings in Ollie’s Bargain Outlet by 241.8% during the 1st quarter. Advisory Services Network LLC now owns 1,258 shares of the company’s stock valued at $107,000 after acquiring an additional 890 shares during the period. FMR LLC boosted its holdings in Ollie’s Bargain Outlet by 1.0% during the 1st quarter. FMR LLC now owns 2,327,464 shares of the company’s stock valued at $198,603,000 after acquiring an additional 23,142 shares during the period. BlueCrest Capital Management Ltd acquired a new stake in Ollie’s Bargain Outlet in the 1st quarter valued at about $214,000. HighTower Advisors LLC acquired a new stake in Ollie’s Bargain Outlet in the 1st quarter valued at about $351,000. Finally, Hilltop Holdings Inc. acquired a new stake in Ollie’s Bargain Outlet in the 1st quarter valued at about $336,000. Institutional investors and hedge funds own 90.57% of the company’s stock.

Ollie’s Bargain Outlet Company Profile

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, health and beauty 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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