Ollie's Bargain Outlet Holdings Inc (NASDAQ:OLLI) has received an average rating of “Buy” from the sixteen research firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $51.54.

Several brokerages have commented on OLLI. BidaskClub raised shares of Ollie's Bargain Outlet from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, January 16th. KeyCorp reissued a “buy” rating and issued a $50.00 price target on shares of Ollie's Bargain Outlet in a research report on Friday, September 29th. Piper Jaffray Companies reissued a “buy” rating and issued a $71.00 price target on shares of Ollie's Bargain Outlet in a research report on Tuesday, January 9th. Stephens reissued an “overweight” rating and issued a $56.00 price target (up previously from $54.00) on shares of Ollie's Bargain Outlet in a research report on Monday, January 8th. Finally, Morgan Stanley began coverage on shares of Ollie's Bargain Outlet in a research report on Monday, September 25th. They issued an “equal weight” rating and a $46.00 price target for the company.

In other news, CEO Mark L. Butler sold 331,292 shares of Ollie's Bargain Outlet stock in a transaction on Monday, December 4th. The shares were sold at an average price of $48.03, for a total transaction of $15,911,954.76. Following the completion of the sale, the chief executive officer now directly owns 4,065,075 shares of the company’s stock, valued at approximately $195,245,552.25. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Howard Freedman sold 11,500 shares of Ollie's Bargain Outlet stock in a transaction on Monday, December 4th. The stock was sold at an average price of $48.50, for a total transaction of $557,750.00. Following the sale, the vice president now directly owns 40,870 shares of the company’s stock, valued at $1,982,195. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 983,840 shares of company stock valued at $46,973,471. Corporate insiders own 22.25% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in OLLI. Schwab Charles Investment Management Inc. lifted its position in shares of Ollie's Bargain Outlet by 31.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 199,683 shares of the company’s stock worth $8,507,000 after purchasing an additional 48,299 shares during the last quarter. Prudential Financial Inc. lifted its position in shares of Ollie's Bargain Outlet by 65.2% during the 2nd quarter. Prudential Financial Inc. now owns 131,130 shares of the company’s stock worth $5,586,000 after purchasing an additional 51,740 shares during the last quarter. Swiss National Bank lifted its position in shares of Ollie's Bargain Outlet by 2.5% during the 2nd quarter. Swiss National Bank now owns 81,700 shares of the company’s stock worth $3,480,000 after purchasing an additional 2,000 shares during the last quarter. Riverhead Capital Management LLC lifted its position in Ollie's Bargain Outlet by 88.8% in the second quarter. Riverhead Capital Management LLC now owns 5,663 shares of the company’s stock valued at $241,000 after acquiring an additional 2,663 shares during the last quarter. Finally, Seven Eight Capital LP purchased a new stake in Ollie's Bargain Outlet in the second quarter valued at $520,000. 89.66% of the stock is owned by institutional investors and hedge funds.

Shares of Ollie's Bargain Outlet (NASDAQ:OLLI) traded up $1.55 during mid-day trading on Tuesday, reaching $56.60. 474,417 shares of the company’s stock traded hands, compared to its average volume of 657,999. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.53 and a quick ratio of 0.36. Ollie's Bargain Outlet has a 52 week low of $28.90 and a 52 week high of $56.65. The stock has a market cap of $3,490.00 and a PE ratio of 44.22.

Ollie's Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings results on Wednesday, December 6th. The company reported $0.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.01. Ollie's Bargain Outlet had a net margin of 8.17% and a return on equity of 10.55%. The company had revenue of $238.10 million during the quarter, compared to analysts’ expectations of $233.77 million. During the same quarter last year, the company posted $0.17 EPS. The firm’s revenue was up 17.9% compared to the same quarter last year. sell-side analysts predict that Ollie's Bargain Outlet will post 1.24 earnings per share for the current fiscal year.

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Ollie's Bargain Outlet 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 (NASDAQ:OLLI)

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