Ollie’s Bargain Outlet (NASDAQ:OLLI) PT Raised to $107.00 at Piper Sandler

Ollie’s Bargain Outlet (NASDAQ:OLLI) had its target price boosted by Piper Sandler from $100.00 to $107.00 in a report issued on Tuesday, Benzinga reports. They currently have an overweight rating on the stock.

Several other equities research analysts also recently issued reports on the company. Royal Bank of Canada lifted their price objective on Ollie’s Bargain Outlet from $86.00 to $101.00 and gave the stock an outperform rating in a report on Thursday, June 6th. Loop Capital upped their price target on shares of Ollie’s Bargain Outlet from $100.00 to $110.00 and gave the company a buy rating in a report on Monday. The Goldman Sachs Group raised their price objective on shares of Ollie’s Bargain Outlet from $91.00 to $104.00 and gave the stock a buy rating in a report on Thursday, March 21st. Craig Hallum increased their price target on shares of Ollie’s Bargain Outlet from $100.00 to $105.00 and gave the stock a buy rating in a research report on Thursday, June 6th. Finally, Bank of America lifted their price target on Ollie’s Bargain Outlet from $92.00 to $102.00 and gave the stock a buy rating in a research note on Thursday, June 6th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of $101.50.

Ollie’s Bargain Outlet Stock Up 0.0 %

OLLI opened at $98.34 on Tuesday. The firm has a market capitalization of $6.02 billion, a P/E ratio of 31.02, a P/E/G ratio of 2.67 and a beta of 0.82. The firm’s 50 day moving average is $81.62 and its 200-day moving average is $77.04. Ollie’s Bargain Outlet has a 52-week low of $57.31 and a 52-week high of $100.44.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings data on Wednesday, June 5th. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.08. The firm had revenue of $508.82 million for the quarter, compared to analyst estimates of $506.49 million. Ollie’s Bargain Outlet had a net margin of 9.14% and a return on equity of 13.22%. The firm’s revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.49 EPS. Equities analysts expect that Ollie’s Bargain Outlet will post 3.26 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO John W. Swygert sold 11,756 shares of the business’s stock in a transaction 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 accessible through this hyperlink. In other Ollie’s Bargain Outlet news, CEO John W. Swygert sold 11,756 shares of the firm’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 value of $884,286.32. Following the sale, the chief executive officer now owns 48,200 shares in the company, valued at $3,625,604. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John W. Swygert sold 14,736 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $86.81, for a total value of $1,279,232.16. Following the transaction, the chief executive officer now owns 48,200 shares of the company’s stock, valued at $4,184,242. The disclosure for this sale can be found here. Insiders have sold 49,310 shares of company stock valued at $4,109,613 over the last three months. Company insiders own 0.87% of the company’s stock.

Institutional Investors Weigh In On Ollie’s Bargain Outlet

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. HighTower Advisors LLC bought a new stake in shares of Ollie’s Bargain Outlet during the 3rd quarter worth about $287,000. DekaBank Deutsche Girozentrale acquired a new stake in Ollie’s Bargain Outlet in the third quarter worth approximately $181,000. Envestnet Portfolio Solutions Inc. bought a new position in Ollie’s Bargain Outlet during the 3rd quarter valued at $254,000. Envestnet Asset Management Inc. increased its position in shares of Ollie’s Bargain Outlet by 38.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 145,618 shares of the company’s stock valued at $11,239,000 after purchasing an additional 40,819 shares during the period. Finally, Hsbc Holdings PLC raised its stake in shares of Ollie’s Bargain Outlet by 383.6% in the 3rd quarter. Hsbc Holdings PLC now owns 58,820 shares of the company’s stock worth $4,519,000 after buying an additional 46,658 shares in the last quarter.

Ollie’s Bargain Outlet Company Profile

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.