Ollie’s Bargain Outlet (OLLI) Boosted by BidaskClub to Purchase

Ollie’s Bargain Outlet (OLLI) Boosted  by BidaskClub to Purchase

BidaskClub upgraded shares of Ollie’s Bargain Outlet (NASDAQ:OLLI) from a hold rating to a buy rating in a research report released on Monday.

Several other analysts have also recently commented on OLLI. KeyCorp upped their target price on shares of Ollie’s Bargain Outlet from $100.00 to $108.00 and gave the company a positive rating in a research report on Monday, October 1st. Royal Bank of Canada cut shares of Ollie’s Bargain Outlet from an outperform rating to a sector perform rating and set a $95.00 target price for the company. in a research report on Monday, November 5th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Ollie’s Bargain Outlet from a hold rating to a buy rating and set a $99.00 target price for the company in a research report on Monday, September 10th. Morgan Stanley set a $82.00 target price on shares of Ollie’s Bargain Outlet and gave the company a hold rating in a research report on Monday, October 22nd. Finally, ValuEngine cut shares of Ollie’s Bargain Outlet from a strong-buy rating to a buy rating in a research report on Thursday, December 6th. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Ollie’s Bargain Outlet has a consensus rating of Buy and a consensus price target of $88.73.

OLLI stock traded down $0.23 during trading on Monday, hitting $76.26. The company had a trading volume of 60,329 shares, compared to its average volume of 780,966. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.03 and a quick ratio of 0.07. Ollie’s Bargain Outlet has a 12 month low of $50.65 and a 12 month high of $97.61. The stock has a market capitalization of $4.77 billion, a PE ratio of 60.72, a price-to-earnings-growth ratio of 1.73 and a beta of 0.87.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings data on Tuesday, December 4th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.01. Ollie’s Bargain Outlet had a net margin of 12.89% and a return on equity of 12.66%. The firm had revenue of $283.60 million during the quarter, compared to analysts’ expectations of $278.62 million. During the same quarter in the previous year, the company posted $0.22 EPS. Ollie’s Bargain Outlet’s revenue was up 19.1% on a year-over-year basis. As a group, equities analysts expect that Ollie’s Bargain Outlet will post 1.77 earnings per share for the current fiscal year.

In other news, COO John W. Swygert sold 48,000 shares of the business’s stock in a transaction on Monday, November 19th. The shares were sold at an average price of $88.84, for a total value of $4,264,320.00. Following the completion of the transaction, the chief operating officer now owns 77,193 shares of the company’s stock, valued at approximately $6,857,826.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Mark L. Butler sold 30,000 shares of the business’s stock in a transaction on Thursday, November 1st. The shares were sold at an average price of $93.09, for a total transaction of $2,792,700.00. Following the completion of the transaction, the chief executive officer now directly owns 2,810,242 shares of the company’s stock, valued at approximately $261,605,427.78. The disclosure for this sale can be found here. Insiders sold a total of 330,000 shares of company stock valued at $29,783,680 in the last three months. 20.27% of the stock is owned by company insiders.

Hedge funds have recently made changes to their positions in the company. Harvest Fund Management Co. Ltd grew its holdings in shares of Ollie’s Bargain Outlet by 290.0% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 1,568 shares of the company’s stock valued at $151,000 after buying an additional 1,166 shares during the period. Parallel Advisors LLC boosted its stake in Ollie’s Bargain Outlet by 414.7% in the 3rd quarter. Parallel Advisors LLC now owns 1,750 shares of the company’s stock worth $168,000 after purchasing an additional 1,410 shares during the period. Glenmede Trust Co. NA boosted its stake in Ollie’s Bargain Outlet by 92.8% in the 3rd quarter. Glenmede Trust Co. NA now owns 1,897 shares of the company’s stock worth $181,000 after purchasing an additional 913 shares during the period. Norris Perne & French LLP MI acquired a new position in Ollie’s Bargain Outlet in the 3rd quarter worth $203,000. Finally, CIBC Asset Management Inc acquired a new position in Ollie’s Bargain Outlet in the 3rd quarter worth $216,000. 90.44% of the stock is owned by institutional investors.

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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