Ollie’s Bargain Outlet (NASDAQ:OLLI) Lowered to “Hold” at BidaskClub

Ollie’s Bargain Outlet (NASDAQ:OLLI) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Sunday, BidAskClub reports.

Several other analysts have also issued reports on OLLI. Morgan Stanley set a $89.00 price target on shares of Ollie’s Bargain Outlet and gave the company a “hold” rating in a research report on Tuesday, June 11th. Zacks Investment Research lowered shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and set a $101.00 price target for the company. in a research report on Tuesday, June 4th. Dougherty & Co started coverage on shares of Ollie’s Bargain Outlet in a research report on Thursday, May 23rd. They set a “buy” rating and a $115.00 price target for the company. Finally, Credit Suisse Group upped their price target on shares of Ollie’s Bargain Outlet from $89.00 to $103.00 and gave the company an “outperform” rating in a research report on Tuesday, May 14th. They noted that the move was a valuation call. Nine equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $93.79.

OLLI opened at $91.83 on Friday. The firm has a market capitalization of $5.96 billion, a P/E ratio of 50.18, a PEG ratio of 1.97 and a beta of 0.94. The company has a current ratio of 1.86, a quick ratio of 0.31 and a debt-to-equity ratio of 0.23. Ollie’s Bargain Outlet has a 52 week low of $59.72 and a 52 week high of $103.03.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its earnings results on Thursday, June 6th. The company reported $0.46 EPS for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.02. The business had revenue of $324.90 million for the quarter, compared to analysts’ expectations of $319.24 million. Ollie’s Bargain Outlet had a return on equity of 13.49% and a net margin of 11.10%. The firm’s revenue was up 17.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.41 earnings per share. As a group, sell-side analysts anticipate that Ollie’s Bargain Outlet will post 2.16 earnings per share for the current fiscal year.

In other news, VP Kenneth Robert Bertram sold 8,525 shares of the stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $95.30, for a total transaction of $812,432.50. Following the completion of the sale, the vice president now directly owns 18,967 shares in the company, valued at $1,807,555.10. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Thomas Hendrickson sold 21,000 shares of the stock in a transaction dated Friday, March 29th. The stock was sold at an average price of $85.55, for a total transaction of $1,796,550.00. Following the sale, the director now owns 7,474 shares of the company’s stock, valued at $639,400.70. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 107,504 shares of company stock valued at $9,305,549. 16.36% of the stock is currently owned by company insiders.

Institutional investors have recently bought and sold shares of the company. Manchester Capital Management LLC purchased a new stake in Ollie’s Bargain Outlet in the first quarter worth about $69,000. Mitsubishi UFJ Securities Holdings Co. Ltd. purchased a new stake in Ollie’s Bargain Outlet in the first quarter worth about $93,000. Advisory Services Network LLC lifted its holdings in Ollie’s Bargain Outlet by 241.8% in the first quarter. Advisory Services Network LLC now owns 1,258 shares of the company’s stock worth $107,000 after buying an additional 890 shares during the period. Rehmann Capital Advisory Group lifted its holdings in Ollie’s Bargain Outlet by 796.7% in the fourth quarter. Rehmann Capital Advisory Group now owns 1,883 shares of the company’s stock worth $125,000 after buying an additional 1,673 shares during the period. Finally, Bank of Montreal Can lifted its holdings in Ollie’s Bargain Outlet by 11.8% in the fourth quarter. Bank of Montreal Can now owns 2,059 shares of the company’s stock worth $136,000 after buying an additional 218 shares during the period. Institutional investors own 90.45% of the company’s stock.

Ollie’s Bargain Outlet Company Profile

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, health and beauty 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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