Ollie’s Bargain Outlet (NASDAQ:OLLI) Lifted to Buy at Truist Financial

Truist Financial upgraded shares of Ollie’s Bargain Outlet (NASDAQ:OLLI) from a hold rating to a buy rating in a research report sent to investors on Friday, MarketBeat Ratings reports. Truist Financial currently has $86.00 price target on the stock, up from their prior price target of $80.00.

Other equities research analysts have also issued reports about the company. Royal Bank of Canada reissued an outperform rating and issued a $86.00 price target on shares of Ollie’s Bargain Outlet in a research report on Thursday, March 21st. JPMorgan Chase & Co. dropped their price target on shares of Ollie’s Bargain Outlet from $88.00 to $85.00 and set a neutral rating on the stock in a research report on Thursday, March 21st. Loop Capital raised shares of Ollie’s Bargain Outlet from a hold rating to a buy rating and upped their price objective for the stock from $80.00 to $90.00 in a research report on Friday, April 5th. The Goldman Sachs Group boosted their target price on Ollie’s Bargain Outlet from $91.00 to $104.00 and gave the stock a buy rating in a research note on Thursday, March 21st. Finally, Craig Hallum increased their price target on Ollie’s Bargain Outlet from $98.00 to $100.00 and gave the company a buy rating in a research report on Thursday, March 21st. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus price target of $87.08.

Ollie’s Bargain Outlet Trading Up 2.4 %

OLLI opened at $78.68 on Friday. Ollie’s Bargain Outlet has a 1-year low of $52.93 and a 1-year high of $84.38. The company has a market cap of $4.82 billion, a price-to-earnings ratio of 26.95 and a beta of 0.76. The company’s fifty day moving average price is $75.03 and its two-hundred day moving average price is $75.20.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its earnings results on Wednesday, March 20th. The company reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.07. The company had revenue of $648.90 million for the quarter, compared to analyst estimates of $649.39 million. Ollie’s Bargain Outlet had a net margin of 8.63% and a return on equity of 12.55%. The firm’s revenue was up 18.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.84 EPS. As a group, equities analysts forecast that Ollie’s Bargain Outlet will post 3.19 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Thomas Hendrickson sold 5,000 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $72.29, for a total value of $361,450.00. Following the completion of the transaction, the director now directly owns 5,659 shares in the company, valued at approximately $409,089.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO John W. Swygert sold 11,756 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $75.22, for a total transaction of $884,286.32. Following the completion of the transaction, the chief executive officer now owns 48,200 shares of the company’s stock, valued at $3,625,604. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Thomas Hendrickson sold 5,000 shares of the firm’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $72.29, for a total transaction of $361,450.00. Following the completion of the transaction, the director now directly owns 5,659 shares of the company’s stock, valued at $409,089.11. The disclosure for this sale can be found here. Insiders have sold a total of 27,171 shares of company stock valued at $2,084,338 over the last quarter. Company insiders own 0.87% of the company’s stock.

Institutional Investors Weigh In On Ollie’s Bargain Outlet

Large investors have recently added to or reduced their stakes in the business. Venturi Wealth Management LLC boosted its position in shares of Ollie’s Bargain Outlet by 194.3% during the 1st quarter. Venturi Wealth Management LLC now owns 309 shares of the company’s stock valued at $25,000 after acquiring an additional 204 shares during the last quarter. Operose Advisors LLC purchased a new stake in Ollie’s Bargain Outlet in the third quarter valued at approximately $26,000. Blue Bell Private Wealth Management LLC purchased a new position in Ollie’s Bargain Outlet in the 1st quarter worth approximately $29,000. ORG Partners LLC bought a new position in shares of Ollie’s Bargain Outlet in the 1st quarter worth $28,000. Finally, YHB Investment Advisors Inc. purchased a new stake in shares of Ollie’s Bargain Outlet during the 1st quarter valued at $48,000.

About Ollie’s Bargain Outlet

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