Ollie’s Bargain Outlet (NASDAQ:OLLI) was upgraded by BidaskClub from a “strong sell” rating to a “sell” rating in a note issued to investors on Wednesday, BidAskClub reports.

A number of other equities research analysts have also weighed in on the stock. Morgan Stanley cut their target price on shares of Ollie’s Bargain Outlet from $89.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Friday, August 30th. Loop Capital cut their target price on shares of Ollie’s Bargain Outlet to $75.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Bank of America cut their target price on shares of Ollie’s Bargain Outlet from $110.00 to $75.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Royal Bank of Canada cut their target price on shares of Ollie’s Bargain Outlet from $85.00 to $65.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 29th. Finally, Citigroup dropped their price objective on shares of Ollie’s Bargain Outlet from $95.00 to $65.00 and set a “neutral” rating on the stock in a research note on Thursday, August 29th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $79.83.

Shares of OLLI traded up $0.05 during trading hours on Wednesday, reaching $63.19. 9,834 shares of the company traded hands, compared to its average volume of 2,232,792. The company’s fifty day moving average price is $74.53 and its two-hundred day moving average price is $86.43. The company has a market capitalization of $4.08 billion, a price-to-earnings ratio of 34.53, a price-to-earnings-growth ratio of 1.55 and a beta of 0.87. The company has a quick ratio of 0.41, a current ratio of 2.13 and a debt-to-equity ratio of 0.26. Ollie’s Bargain Outlet has a 12 month low of $54.27 and a 12 month high of $103.03.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its earnings results on Wednesday, August 28th. The company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.11). The company had revenue of $333.90 million for the quarter, compared to the consensus estimate of $339.83 million. Ollie’s Bargain Outlet had a net margin of 10.37% and a return on equity of 12.67%. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.40 EPS. On average, analysts expect that Ollie’s Bargain Outlet will post 1.97 EPS for the current year.

In related news, SVP Omar Segura sold 10,000 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $87.45, for a total transaction of $874,500.00. Following the sale, the senior vice president now owns 10,000 shares of the company’s stock, valued at $874,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 16.36% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD boosted its stake in Ollie’s Bargain Outlet by 119.7% during the second quarter. Price T Rowe Associates Inc. MD now owns 5,616,150 shares of the company’s stock worth $489,223,000 after acquiring an additional 3,059,692 shares in the last quarter. FMR LLC lifted its stake in shares of Ollie’s Bargain Outlet by 1.0% in the first quarter. FMR LLC now owns 2,327,464 shares of the company’s stock worth $198,603,000 after buying an additional 23,142 shares in the last quarter. Wasatch Advisors Inc. lifted its stake in shares of Ollie’s Bargain Outlet by 3.1% in the first quarter. Wasatch Advisors Inc. now owns 2,263,743 shares of the company’s stock worth $193,165,000 after buying an additional 68,758 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Ollie’s Bargain Outlet by 0.3% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,035,186 shares of the company’s stock worth $173,663,000 after buying an additional 5,286 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Ollie’s Bargain Outlet by 117.4% in the second quarter. Invesco Ltd. now owns 1,583,498 shares of the company’s stock worth $137,938,000 after buying an additional 855,278 shares in the last quarter. 92.49% of the stock is currently owned by institutional investors and hedge funds.

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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