Wells Fargo & Company Analysts Give Ollie’s Bargain Outlet (NASDAQ:OLLI) a $70.00 Price Target

Wells Fargo & Company set a $70.00 price objective on Ollie’s Bargain Outlet (NASDAQ:OLLIGet Rating) in a research report released on Monday morning, Stock Target Advisor reports.

A number of other equities analysts have also issued reports on the stock. KeyCorp decreased their target price on shares of Ollie’s Bargain Outlet from $83.00 to $75.00 and set an overweight rating for the company in a research report on Thursday, March 24th. StockNews.com lowered Ollie’s Bargain Outlet from a hold rating to a sell rating in a research note on Thursday, June 9th. Bank of America raised Ollie’s Bargain Outlet from an underperform rating to a buy rating and increased their price target for the company from $30.00 to $75.00 in a research note on Friday, May 20th. Citigroup increased their price target on Ollie’s Bargain Outlet from $43.00 to $55.00 and gave the company a neutral rating in a research note on Thursday, June 9th. Finally, UBS Group increased their price target on Ollie’s Bargain Outlet to $55.00 in a research note on Thursday, June 9th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus price target of $62.93.

Shares of OLLI stock opened at $57.86 on Monday. The company has a market cap of $3.62 billion, a P/E ratio of 32.32, a PEG ratio of 1.79 and a beta of 1.10. The business has a 50 day moving average of $49.72 and a two-hundred day moving average of $47.37. Ollie’s Bargain Outlet has a 52 week low of $37.67 and a 52 week high of $95.43.

Ollie’s Bargain Outlet (NASDAQ:OLLIGet Rating) last issued its quarterly earnings data on Wednesday, June 8th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.10). Ollie’s Bargain Outlet had a return on equity of 8.58% and a net margin of 6.72%. The company had revenue of $406.70 million for the quarter, compared to the consensus estimate of $417.48 million. During the same quarter in the previous year, the company earned $0.80 earnings per share. Ollie’s Bargain Outlet’s quarterly revenue was down 10.1% compared to the same quarter last year. As a group, analysts anticipate that Ollie’s Bargain Outlet will post 1.88 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. City State Bank acquired a new position in Ollie’s Bargain Outlet in the 4th quarter worth approximately $31,000. Quadrant Capital Group LLC boosted its stake in Ollie’s Bargain Outlet by 652.5% in the 1st quarter. Quadrant Capital Group LLC now owns 745 shares of the company’s stock worth $32,000 after purchasing an additional 646 shares during the period. Sageworth Trust Co of South Dakota acquired a new position in Ollie’s Bargain Outlet in the 4th quarter worth approximately $49,000. CVA Family Office LLC acquired a new position in Ollie’s Bargain Outlet in the 4th quarter worth approximately $53,000. Finally, Fifth Third Bancorp lifted its stake in Ollie’s Bargain Outlet by 19.2% in the 1st quarter. Fifth Third Bancorp now owns 1,302 shares of the company’s stock worth $56,000 after acquiring an additional 210 shares in the last quarter.

About Ollie’s Bargain Outlet (Get Rating)

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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Analyst Recommendations for Ollie's Bargain Outlet (NASDAQ:OLLI)

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