Ollie’s Bargain Outlet (NASDAQ:OLLI – Get Rating) had its target price raised by equities researchers at Truist Financial from $40.00 to $50.00 in a research note issued to investors on Friday, The Fly reports. Truist Financial’s target price suggests a potential downside of 8.79% from the company’s previous close.
A number of other research analysts have also commented on the company. KeyCorp increased their price objective on Ollie’s Bargain Outlet from $75.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday, July 15th. JPMorgan Chase & Co. cut their price target on Ollie’s Bargain Outlet from $45.00 to $39.00 in a research note on Tuesday, May 10th. Royal Bank of Canada raised Ollie’s Bargain Outlet from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $47.00 to $65.00 in a research note on Thursday, June 9th. Craig Hallum raised Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and increased their price target for the company from $43.00 to $75.00 in a research note on Wednesday, June 8th. Finally, UBS Group increased their price target on Ollie’s Bargain Outlet to $55.00 in a research note on Thursday, June 9th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Ollie’s Bargain Outlet has an average rating of “Hold” and an average target price of $64.80.
Ollie’s Bargain Outlet Trading Down 0.9 %
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OLLI stock opened at $54.82 on Friday. The firm has a market cap of $3.43 billion, a P/E ratio of 30.63, a P/E/G ratio of 1.81 and a beta of 0.82. Ollie’s Bargain Outlet has a 1-year low of $37.67 and a 1-year high of $75.27. The business’s 50 day moving average is $63.76 and its 200-day moving average is $52.95.
Ollie’s Bargain Outlet (NASDAQ:OLLI – Get Rating) last released its quarterly earnings results on Thursday, September 1st. The company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.11). The business had revenue of $452.40 million for the quarter, compared to the consensus estimate of $457.43 million. Ollie’s Bargain Outlet had a return on equity of 8.58% and a net margin of 6.72%. The firm’s revenue was up 8.8% on a year-over-year basis. During the same quarter last year, the company earned $0.52 earnings per share. Sell-side analysts forecast that Ollie’s Bargain Outlet will post 1.88 EPS for the current year.
Institutional Trading of Ollie’s Bargain Outlet
Hedge funds and other institutional investors have recently modified their holdings of the company. Campbell & CO Investment Adviser LLC bought a new position in shares of Ollie’s Bargain Outlet in the 1st quarter valued at about $242,000. First Trust Advisors LP grew its holdings in shares of Ollie’s Bargain Outlet by 41.1% in the 4th quarter. First Trust Advisors LP now owns 306,711 shares of the company’s stock valued at $15,701,000 after acquiring an additional 89,281 shares in the last quarter. Swiss National Bank grew its holdings in Ollie’s Bargain Outlet by 7.0% during the first quarter. Swiss National Bank now owns 138,500 shares of the company’s stock worth $5,950,000 after purchasing an additional 9,100 shares during the period. Summit Creek Advisors LLC grew its holdings in Ollie’s Bargain Outlet by 0.4% during the first quarter. Summit Creek Advisors LLC now owns 361,258 shares of the company’s stock worth $15,520,000 after purchasing an additional 1,417 shares during the period. Finally, Citigroup Inc. grew its holdings in Ollie’s Bargain Outlet by 12.5% during the fourth quarter. Citigroup Inc. now owns 63,904 shares of the company’s stock worth $3,271,000 after purchasing an additional 7,123 shares during the period.
Ollie’s Bargain Outlet Company Profile
Ollie’s Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise. 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.
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