Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

According to Zacks, “Ollie’s Bargain Outlet Holdings, Inc. is a retailer of closeouts, excess inventory and salvage merchandise. The Company’s product includes housewares, food, books and stationery, bed and bath, floor coverings, toys and hardware. Its brand portfolio consist of Ollie’s, Ollie’s Bargain Outlet, Ollie’s Army, Real Brands! Real Bargains! and Good Stuff Cheap. The company operates primarily in Alabama, Delaware, Georgia, Indiana, Kentucky, Maryland, Michigan, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Virginia and West Virginia. Ollie’s Bargain Outlet Holdings, Inc. is based in Harrisburg, United States. “

OLLI has been the subject of several other research reports. MKM Partners downgraded shares of 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 report on Tuesday, May 30th. Piper Jaffray Companies set a $48.00 price target on shares of Ollie’s Bargain Outlet Holdings and gave the company a “buy” rating in a research report on Thursday, June 1st. BidaskClub cut shares of Ollie’s Bargain Outlet Holdings from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 10th. Royal Bank Of Canada reissued a “buy” rating and issued a $37.00 price target on shares of Ollie’s Bargain Outlet Holdings in a research report on Thursday, May 25th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $50.00 price target (up previously from $48.00) on shares of Ollie’s Bargain Outlet Holdings in a research report on Thursday, August 31st. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $46.88.

Shares of Ollie’s Bargain Outlet Holdings (OLLI) opened at 45.30 on Friday. The stock has a market cap of $2.78 billion, a price-to-earnings ratio of 39.05 and a beta of 0.17. Ollie’s Bargain Outlet Holdings has a one year low of $24.80 and a one year high of $46.00. The company has a 50 day moving average price of $45.50 and a 200-day moving average price of $37.93.

Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) last posted its earnings results on Tuesday, August 29th. The company reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.02. Ollie’s Bargain Outlet Holdings had a net margin of 7.60% and a return on equity of 10.44%. The firm had revenue of $254.60 million during the quarter, compared to the consensus estimate of $242.85 million. During the same quarter last year, the firm earned $0.21 EPS. The firm’s revenue for the quarter was up 20.5% on a year-over-year basis. Equities analysts predict that Ollie’s Bargain Outlet Holdings will post $1.19 earnings per share for the current fiscal year.

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In other Ollie’s Bargain Outlet Holdings news, CEO Mark L. Butler sold 6,248 shares of the firm’s stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $45.00, for a total value of $281,160.00. Following the completion of the transaction, the chief executive officer now owns 4,880,480 shares of the company’s stock, valued at approximately $219,621,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Kenneth Robert Bertram sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $43.25, for a total transaction of $259,500.00. Following the completion of the transaction, the vice president now directly owns 6,000 shares of the company’s stock, valued at approximately $259,500. The disclosure for this sale can be found here. Insiders sold a total of 469,981 shares of company stock valued at $21,212,335 in the last three months. 22.25% of the stock is currently owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the company. Advisor Group Inc. lifted its position in shares of Ollie’s Bargain Outlet Holdings by 23.2% during the 2nd quarter. Advisor Group Inc. now owns 2,853 shares of the company’s stock worth $122,000 after purchasing an additional 537 shares during the last quarter. Invictus RG purchased a new stake in shares of Ollie’s Bargain Outlet Holdings during the 1st quarter worth $101,000. Flinton Capital Management LLC lifted its position in shares of Ollie’s Bargain Outlet Holdings by 29.0% during the 1st quarter. Flinton Capital Management LLC now owns 3,026 shares of the company’s stock worth $101,000 after purchasing an additional 680 shares during the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Ollie’s Bargain Outlet Holdings during the 2nd quarter worth $139,000. Finally, D.A. Davidson & CO. lifted its position in shares of Ollie’s Bargain Outlet Holdings by 14.9% during the 2nd quarter. D.A. Davidson & CO. now owns 3,442 shares of the company’s stock worth $146,000 after purchasing an additional 447 shares during the last quarter. 92.47% of the stock is owned by institutional investors and hedge funds.

Ollie’s Bargain Outlet Holdings Company Profile

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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