Shares of Ollie’s Bargain Outlet Holdings Inc. (NASDAQ:OLLI) gapped up before the market opened on Tuesday . The stock had previously closed at $25.02, but opened at $25.09. Ollie’s Bargain Outlet Holdings shares last traded at $25.48, with a volume of 594,152 shares changing hands.

Several brokerages have recently weighed in on OLLI. Zacks Investment Research upgraded shares of Ollie’s Bargain Outlet Holdings from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a report on Saturday, September 3rd. Piper Jaffray Cos. reiterated an “overweight” rating and set a $28.00 price objective on shares of Ollie’s Bargain Outlet Holdings in a report on Monday, August 29th. Jefferies Group reiterated a “buy” rating and set a $30.00 price objective (up previously from $29.00) on shares of Ollie’s Bargain Outlet Holdings in a report on Thursday, June 2nd. RBC Capital Markets reiterated an “outperform” rating and set a $32.00 price objective (up previously from $30.00) on shares of Ollie’s Bargain Outlet Holdings in a report on Thursday, September 1st. Finally, Royal Bank Of Canada upped their price objective on shares of Ollie’s Bargain Outlet Holdings from $30.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, September 1st. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $27.63.

The firm has a market cap of $1.54 billion, a P/E ratio of 33.25 and a beta of 0.10. The firm has a 50 day moving average price of $26.52 and a 200-day moving average price of $24.99.

Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) last issued its earnings results on Wednesday, August 31st. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03. The company had revenue of $211.30 million for the quarter, compared to analysts’ expectations of $207.61 million. Ollie’s Bargain Outlet Holdings had a net margin of 5.80% and a return on equity of 8.91%. The firm’s revenue was up 16.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.15 EPS. Equities research analysts expect that Ollie’s Bargain Outlet Holdings Inc. will post $0.90 earnings per share for the current fiscal year.

In other Ollie’s Bargain Outlet Holdings news, CFO John W. Swygert sold 25,000 shares of the firm’s stock in a transaction on Monday, July 11th. The shares were sold at an average price of $25.00, for a total value of $625,000.00. Following the sale, the chief financial officer now owns 61,000 shares of the company’s stock, valued at approximately $1,525,000. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Kenneth Robert Bertram sold 10,000 shares of the firm’s stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $28.49, for a total transaction of $284,900.00. Following the completion of the sale, the vice president now directly owns 7,500 shares in the company, valued at approximately $213,675. The disclosure for this sale can be found here. 21.80% of the stock is currently owned by corporate insiders.

A number of large investors have recently made changes to their positions in the company. Cortina Asset Management LLC raised its stake in shares of Ollie’s Bargain Outlet Holdings by 65.8% in the second quarter. Cortina Asset Management LLC now owns 904,825 shares of the company’s stock worth $22,521,000 after buying an additional 359,226 shares during the period. Friess Associates LLC raised its stake in shares of Ollie’s Bargain Outlet Holdings by 96.9% in the first quarter. Friess Associates LLC now owns 247,262 shares of the company’s stock worth $5,793,000 after buying an additional 121,682 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Ollie’s Bargain Outlet Holdings by 13.2% in the first quarter. JPMorgan Chase & Co. now owns 1,034,355 shares of the company’s stock worth $24,234,000 after buying an additional 120,479 shares during the period. Summit Creek Advisors LLC purchased a new stake in shares of Ollie’s Bargain Outlet Holdings during the first quarter worth about $6,344,000. Finally, UBS Asset Management Americas Inc. raised its stake in shares of Ollie’s Bargain Outlet Holdings by 94.8% in the first quarter. UBS Asset Management Americas Inc. now owns 332,449 shares of the company’s stock worth $7,789,000 after buying an additional 161,758 shares during the period. 87.70% of the stock is currently owned by institutional investors and hedge funds.

About Ollie’s Bargain Outlet Holdings

Ollie’s Bargain Outlet Holdings, Inc is a retailer of brand name merchandise. The Company offers deals on closeouts, excess inventory and salvage merchandise. The Company’s product offerings include food, such as packaged food, including coffee, bottled non-carbonated beverages, salty snacks, condiments, sauces, spices, dry pasta, canned goods, cereal and cookies; housewares, such as cooking utensils, dishes, appliances, storage and garbage bags, detergents and cleaning supplies, cookware and glassware, frames and giftware; books and stationery, such as novels, business, cooking, inspirational and coffee table books along with digital versatile discs (DVDs), greeting cards and various office supplies and party goods, and bed and bath, such as household goods, including bedding, towels, curtains and associated hardware.

5 Day Chart for NASDAQ:OLLI

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