Ollie's Bargain Outlet Holdings Inc (OLLI) Receives Consensus Rating of “Buy” from Analysts
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.
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.
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.
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