Ollie’s Bargain Outlet (NASDAQ:OLLI) had its price objective boosted by Royal Bank of Canada from $101.00 to $111.00 in a research note issued to investors on Tuesday, The Fly reports. Royal Bank of Canada currently has an outperform rating on the stock.

A number of other brokerages also recently commented on OLLI. KeyCorp lifted their price objective on shares of Ollie’s Bargain Outlet from $80.00 to $100.00 and gave the company an overweight rating in a research report on Friday, May 29th. TheStreet raised shares of Ollie’s Bargain Outlet from a c+ rating to a b- rating in a research report on Wednesday, June 3rd. Goldman Sachs Group assumed coverage on shares of Ollie’s Bargain Outlet in a research note on Monday, May 18th. They set a buy rating and a $84.00 target price for the company. JPMorgan Chase & Co. raised their target price on shares of Ollie’s Bargain Outlet from $81.00 to $102.00 and gave the stock an overweight rating in a research note on Friday, May 29th. Finally, ValuEngine cut shares of Ollie’s Bargain Outlet from a buy rating to a hold rating in a research note on Saturday, May 30th. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $85.63.

Ollie’s Bargain Outlet stock opened at $93.30 on Tuesday. The company has a market cap of $6.09 billion, a P/E ratio of 45.07, a price-to-earnings-growth ratio of 2.22 and a beta of 1.35. Ollie’s Bargain Outlet has a 1-year low of $28.83 and a 1-year high of $105.20. The company has a fifty day simple moving average of $91.10 and a 200 day simple moving average of $64.65. The company has a current ratio of 2.48, a quick ratio of 0.68 and a debt-to-equity ratio of 0.27.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data on Thursday, May 28th. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.16. Ollie’s Bargain Outlet had a net margin of 9.48% and a return on equity of 12.56%. The company had revenue of $349.40 million during the quarter, compared to the consensus estimate of $322.90 million. During the same quarter last year, the firm posted $0.46 EPS. The company’s quarterly revenue was up 7.5% on a year-over-year basis. On average, equities research analysts forecast that Ollie’s Bargain Outlet will post 2.24 EPS for the current year.

In other news, CEO John W. Swygert sold 28,062 shares of the business’s stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $72.50, for a total value of $2,034,495.00. Following the completion of the transaction, the chief executive officer now directly owns 53,218 shares in the company, valued at approximately $3,858,305. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Kevin Mclain sold 23,000 shares of the business’s stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $65.01, for a total transaction of $1,495,230.00. Following the completion of the transaction, the senior vice president now owns 26,677 shares of the company’s stock, valued at $1,734,271.77. The disclosure for this sale can be found here. 16.36% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the company. William Blair Investment Management LLC bought a new stake in shares of Ollie’s Bargain Outlet during the 4th quarter valued at approximately $123,601,000. Artisan Partners Limited Partnership grew its holdings in shares of Ollie’s Bargain Outlet by 88.0% during the 4th quarter. Artisan Partners Limited Partnership now owns 2,700,062 shares of the company’s stock valued at $176,341,000 after purchasing an additional 1,264,090 shares during the last quarter. Wasatch Advisors Inc. grew its holdings in shares of Ollie’s Bargain Outlet by 35.2% during the 1st quarter. Wasatch Advisors Inc. now owns 4,197,944 shares of the company’s stock valued at $194,533,000 after purchasing an additional 1,093,146 shares during the last quarter. Riverbridge Partners LLC bought a new stake in shares of Ollie’s Bargain Outlet during the 1st quarter valued at approximately $44,437,000. Finally, Bank of New York Mellon Corp grew its holdings in shares of Ollie’s Bargain Outlet by 81.9% during the 1st quarter. Bank of New York Mellon Corp now owns 1,853,488 shares of the company’s stock valued at $85,891,000 after purchasing an additional 834,383 shares during the last quarter.

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, 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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The Fly

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

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