Ollie’s Bargain Outlet (NASDAQ:OLLI) had its price target boosted by Buckingham Research from $75.00 to $90.00 in a research report sent to investors on Thursday. The brokerage currently has a neutral rating on the stock.

A number of other equities research analysts also recently issued reports on the company. Morgan Stanley set a $75.00 price target on Ollie’s Bargain Outlet and gave the stock an equal weight rating in a research report on Thursday. KeyCorp increased their price target on Ollie’s Bargain Outlet from $80.00 to $100.00 and gave the stock an overweight rating in a research report on Thursday. Wells Fargo & Co increased their price target on Ollie’s Bargain Outlet from $68.00 to $86.00 and gave the stock a market perform rating in a research report on Thursday. MKM Partners increased their price target on Ollie’s Bargain Outlet from $80.00 to $80.00 and gave the stock a neutral rating in a research report on Wednesday. Finally, Zacks Investment Research downgraded Ollie’s Bargain Outlet from a buy rating to a hold rating in a research report on Thursday, August 30th. Seven investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of Buy and an average target price of $84.69.

Shares of Ollie’s Bargain Outlet stock traded up $3.45 on Thursday, hitting $91.40. The stock had a trading volume of 21,347 shares, compared to its average volume of 564,495. Ollie’s Bargain Outlet has a twelve month low of $42.36 and a twelve month high of $89.85. The company has a current ratio of 2.18, a quick ratio of 0.25 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $5.52 billion, a price-to-earnings ratio of 71.84, a PEG ratio of 2.22 and a beta of 0.26.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its earnings results on Wednesday, September 5th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.36 by $0.04. Ollie’s Bargain Outlet had a return on equity of 12.80% and a net margin of 12.88%. The company had revenue of $288.10 million for the quarter, compared to the consensus estimate of $284.19 million. During the same quarter in the prior year, the business earned $0.27 earnings per share. The firm’s revenue for the quarter was up 13.1% on a year-over-year basis. equities research analysts predict that Ollie’s Bargain Outlet will post 1.73 earnings per share for the current fiscal year.

In other Ollie’s Bargain Outlet news, SVP Kevin Mclain sold 20,000 shares of the company’s stock in a transaction on Wednesday, September 5th. The stock was sold at an average price of $88.03, for a total transaction of $1,760,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Mark L. Butler sold 375,000 shares of the company’s stock in a transaction on Wednesday, June 20th. The stock was sold at an average price of $74.90, for a total value of $28,087,500.00. Following the sale, the chief executive officer now owns 3,678,372 shares of the company’s stock, valued at $275,510,062.80. The disclosure for this sale can be found here. Insiders have sold 1,985,490 shares of company stock valued at $143,390,525 over the last 90 days. Corporate insiders own 20.27% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC lifted its stake in shares of Ollie’s Bargain Outlet by 8.6% in the 2nd quarter. Commonwealth Equity Services LLC now owns 9,636 shares of the company’s stock valued at $699,000 after acquiring an additional 767 shares during the last quarter. Hilltop Holdings Inc. lifted its stake in shares of Ollie’s Bargain Outlet by 18.5% in the 2nd quarter. Hilltop Holdings Inc. now owns 5,103 shares of the company’s stock valued at $370,000 after acquiring an additional 797 shares during the last quarter. Swiss National Bank lifted its stake in shares of Ollie’s Bargain Outlet by 0.9% in the 1st quarter. Swiss National Bank now owns 85,200 shares of the company’s stock valued at $5,138,000 after acquiring an additional 800 shares during the last quarter. Yorktown Management & Research Co Inc lifted its stake in shares of Ollie’s Bargain Outlet by 6.6% in the 2nd quarter. Yorktown Management & Research Co Inc now owns 12,900 shares of the company’s stock valued at $935,000 after acquiring an additional 800 shares during the last quarter. Finally, Great West Life Assurance Co. Can lifted its stake in shares of Ollie’s Bargain Outlet by 1.3% in the 1st quarter. Great West Life Assurance Co. Can now owns 64,968 shares of the company’s stock valued at $3,919,000 after acquiring an additional 847 shares during the last quarter. Hedge funds and other institutional investors own 89.04% of the company’s stock.

About Ollie’s Bargain Outlet

Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise. The company offers food products, housewares, books and stationery, bed and bath products, floor coverings, electronics, and toys; and other products, including hardware, personal health care, candy, clothing, sporting, pet and lawn, and garden products.

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

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