Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) was downgraded by equities researchers at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

Several other research firms also recently weighed in on OLLI. Royal Bank Of Canada reiterated a “buy” rating and set a $37.00 target price on shares of Ollie’s Bargain Outlet Holdings in a research report on Thursday, May 25th. MKM Partners downgraded Ollie’s Bargain Outlet Holdings from a “buy” rating to a “neutral” rating and set a $39.00 target price for the company. in a research report on Tuesday, May 30th. TheStreet upgraded Ollie’s Bargain Outlet Holdings from a “c” rating to a “b-” rating in a research report on Monday, July 17th. Piper Jaffray Companies set a $48.00 target price on Ollie’s Bargain Outlet Holdings and gave the stock a “buy” rating in a research report on Thursday, June 1st. Finally, Credit Suisse Group reiterated a “hold” rating on shares of Ollie’s Bargain Outlet Holdings in a research report on Sunday, June 4th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $39.60.

Shares of Ollie’s Bargain Outlet Holdings (NASDAQ OLLI) traded down 1.13% on Thursday, reaching $43.70. 37,466 shares of the company’s stock were exchanged. The stock has a market cap of $2.67 billion, a price-to-earnings ratio of 41.23 and a beta of 0.15. Ollie’s Bargain Outlet Holdings has a one year low of $24.12 and a one year high of $46.08. The company’s 50 day moving average is $42.98 and its 200-day moving average is $37.45.

Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) last released its earnings results on Wednesday, May 31st. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.02. Ollie’s Bargain Outlet Holdings had a return on equity of 10.11% and a net margin of 7.25%. The business had revenue of $227.60 million during the quarter, compared to the consensus estimate of $220.56 million. During the same period last year, the company earned $0.20 earnings per share. The business’s revenue for the quarter was up 17.5% compared to the same quarter last year. On average, analysts anticipate that Ollie’s Bargain Outlet Holdings will post $1.17 EPS for the current year.

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In other news, SVP Kevin Mclain sold 20,000 shares of the firm’s stock in a transaction on Monday, June 12th. The stock was sold at an average price of $43.05, for a total transaction of $861,000.00. Following the transaction, the senior vice president now owns 20,000 shares in the company, valued at $861,000. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Kenneth Robert Bertram sold 10,500 shares of the firm’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $42.81, for a total value of $449,505.00. Following the transaction, the vice president now owns 10,500 shares in the company, valued at approximately $449,505. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 436,104 shares of company stock worth $19,623,551. Insiders own 22.25% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. First National Bank of Omaha raised its position in shares of Ollie’s Bargain Outlet Holdings by 31.2% in the first quarter. First National Bank of Omaha now owns 28,514 shares of the company’s stock valued at $955,000 after buying an additional 6,785 shares in the last quarter. Great West Life Assurance Co. Can raised its position in shares of Ollie’s Bargain Outlet Holdings by 12.3% in the first quarter. Great West Life Assurance Co. Can now owns 68,405 shares of the company’s stock valued at $2,292,000 after buying an additional 7,513 shares in the last quarter. US Bancorp DE raised its position in shares of Ollie’s Bargain Outlet Holdings by 6.4% in the first quarter. US Bancorp DE now owns 69,732 shares of the company’s stock valued at $2,337,000 after buying an additional 4,167 shares in the last quarter. Independent Portfolio Consultants Inc. purchased a new position in shares of Ollie’s Bargain Outlet Holdings during the first quarter valued at approximately $619,000. Finally, Dimensional Fund Advisors LP raised its position in shares of Ollie’s Bargain Outlet Holdings by 128.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 588,248 shares of the company’s stock valued at $16,736,000 after buying an additional 330,630 shares in the last quarter. Hedge funds and other institutional investors own 95.28% of the company’s stock.

About Ollie’s Bargain Outlet Holdings

Ollie’s Bargain Outlet Holdings, Inc is a retailer of brand name merchandise. The Company offers customers a selection of brand name products, including food, housewares, books and stationery, bed and bath, floor coverings, electronics and toys. Its warehouse format stores feature a range of products, including hardware, personal healthcare, candy, clothing, sporting goods, pet and lawn and garden products.

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

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