A number of research firms have changed their ratings and price targets for Ollie’s Bargain Outlet (NASDAQ: OLLI):

  • 9/10/2018 – Ollie’s Bargain Outlet was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $99.00 price target on the stock. According to Zacks, “Shares of Ollie's Bargain have surged and outpaced the industry in the past six months. The company’s business model of “buying cheap and selling cheap”, cost-containment efforts, focus on store productivity, sturdy comps performance and expansion of customer reward program fortify its position. Further, the company has been making concerted efforts to lower debt burden and expects to be debt free by the end of fiscal 2018. Cumulatively, these have not only positioned the stock to augment both top and bottom-line performance in the long run but also continue with better-than-expected performance. This is quite evident from second-quarter results following which the company raised fiscal 2018 view. However, analysts believe that any increase in supply chain costs and deleverage in SG&A expenses may weigh upon margins. Apart from this, the company may also face higher freight and fuel cost related challenges.”
  • 9/7/2018 – Ollie’s Bargain Outlet was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating.
  • 9/7/2018 – Ollie’s Bargain Outlet had its price target raised by analysts at Loop Capital to $85.00. They now have a “hold” rating on the stock.
  • 9/6/2018 – Ollie’s Bargain Outlet had its price target raised by analysts at Stephens from $70.00 to $100.00. They now have an “overweight” rating on the stock.
  • 9/6/2018 – Ollie’s Bargain Outlet had its price target raised by analysts at KeyCorp from $80.00 to $100.00. They now have an “overweight” rating on the stock.
  • 9/6/2018 – Ollie’s Bargain Outlet had its price target raised by analysts at Credit Suisse Group AG from $92.00 to $96.00. They now have an “outperform” rating on the stock.
  • 9/6/2018 – Ollie’s Bargain Outlet had its price target raised by analysts at Royal Bank of Canada to $95.00. They now have an “outperform” rating on the stock.
  • 9/6/2018 – Ollie’s Bargain Outlet had its price target raised by analysts at Buckingham Research from $75.00 to $90.00. They now have a “neutral” rating on the stock.
  • 9/6/2018 – Ollie’s Bargain Outlet had its price target raised by analysts at Wells Fargo & Co from $68.00 to $86.00. They now have a “market perform” rating on the stock.
  • 9/6/2018 – Ollie’s Bargain Outlet was given a new $75.00 price target on by analysts at Morgan Stanley. They now have an “equal weight” rating on the stock.
  • 9/6/2018 – Ollie’s Bargain Outlet had its price target raised by analysts at Bank of America Corp from $88.00 to $98.00. They now have a “buy” rating on the stock.
  • 9/5/2018 – Ollie’s Bargain Outlet had its price target raised by analysts at MKM Partners from $80.00 to $80.00. They now have a “neutral” rating on the stock.
  • 8/30/2018 – Ollie’s Bargain Outlet was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of Ollie's Bargain have surged and outpaced the industry in the past six months. The company’s business model of “buying cheap and selling cheap”, cost-containment efforts, focus on store productivity, sturdy comps performance and expansion of customer reward program fortify its position. Further, the company has been making concerted efforts to lower debt burden and expects to be debt free by the end of fiscal 2018. Cumulatively, these have not only positioned the stock to augment both top and bottom-line performance in the long run but also continue with better-than-expected performance. This is quite evident from first-quarter results following which the company raised fiscal 2018 view. However, management cautioned about likely increase in supply chain costs and deleverage in SG&A expenses that may weigh upon margins. Apart from this, the company may also face higher freight and fuel cost related challenges.”
  • 8/28/2018 – Ollie’s Bargain Outlet had its “overweight” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $99.00 price target on the stock.
  • 8/23/2018 – Ollie’s Bargain Outlet was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 8/20/2018 – Ollie’s Bargain Outlet was upgraded by analysts at Bank of America Corp from an “underperform” rating to a “buy” rating.
  • 8/14/2018 – Ollie’s Bargain Outlet was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/28/2018 – Ollie’s Bargain Outlet was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 7/20/2018 – Ollie’s Bargain Outlet was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 7/17/2018 – Ollie’s Bargain Outlet had its price target raised by analysts at Morgan Stanley from $63.00 to $69.00. They now have an “equal weight” rating on the stock.

NASDAQ:OLLI opened at $90.85 on Thursday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.31 and a current ratio of 2.51. Ollie’s Bargain Outlet Holdings Inc has a one year low of $42.36 and a one year high of $94.70. The company has a market cap of $5.77 billion, a P/E ratio of 72.68, a price-to-earnings-growth ratio of 2.09 and a beta of 0.24.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its earnings results on Wednesday, September 5th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.36 by $0.04. Ollie’s Bargain Outlet had a net margin of 12.88% and a return on equity of 12.48%. The business had revenue of $288.10 million for the quarter, compared to the consensus estimate of $284.19 million. During the same period last year, the company earned $0.27 EPS. The firm’s revenue was up 13.1% compared to the same quarter last year. analysts expect that Ollie’s Bargain Outlet Holdings Inc will post 1.75 earnings per share for the current fiscal year.

In other Ollie’s Bargain Outlet news, SVP Kevin Mclain sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of $88.03, for a total transaction of $1,760,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mark L. Butler sold 375,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 20th. The stock was sold at an average price of $74.90, for a total transaction of $28,087,500.00. Following the transaction, the chief executive officer now owns 3,678,372 shares of the company’s stock, valued at approximately $275,510,062.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,965,323 shares of company stock valued at $141,912,319. Company insiders own 20.27% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Moody Aldrich Partners LLC bought a new position in Ollie’s Bargain Outlet during the 2nd quarter worth approximately $1,492,000. Advisors Asset Management Inc. bought a new position in Ollie’s Bargain Outlet during the 2nd quarter worth approximately $1,257,000. HWG Holdings LP bought a new position in Ollie’s Bargain Outlet during the 2nd quarter worth approximately $860,000. Verition Fund Management LLC bought a new position in Ollie’s Bargain Outlet during the 2nd quarter worth approximately $214,000. Finally, California Public Employees Retirement System raised its holdings in Ollie’s Bargain Outlet by 654.9% during the 2nd quarter. California Public Employees Retirement System now owns 86,448 shares of the company’s stock worth $6,267,000 after purchasing an additional 74,997 shares during the last quarter. Hedge funds and other institutional investors own 89.04% of the company’s stock.

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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