Ollie’s Bargain Outlet (NASDAQ:OLLI) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of Ollie’s Bargain Outlet (NASDAQ:OLLI) from a hold rating to a sell rating in a research note published on Tuesday morning.

A number of other equities research analysts have also weighed in on OLLI. Piper Sandler reissued an “overweight” rating and set a $107.00 price objective on shares of Ollie’s Bargain Outlet in a report on Friday, October 4th. Loop Capital reiterated a “buy” rating and set a $110.00 price target on shares of Ollie’s Bargain Outlet in a research note on Friday, September 20th. Gordon Haskett upgraded Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and raised their price objective for the stock from $105.00 to $107.00 in a research note on Monday, August 26th. JPMorgan Chase & Co. dropped their target price on Ollie’s Bargain Outlet from $113.00 to $105.00 and set an “overweight” rating on the stock in a research report on Friday, August 30th. Finally, Truist Financial raised their price target on shares of Ollie’s Bargain Outlet from $102.00 to $109.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. One analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $104.92.

Ollie’s Bargain Outlet Price Performance

Shares of OLLI stock opened at $90.71 on Tuesday. The stock’s fifty day moving average price is $95.08 and its 200 day moving average price is $89.61. Ollie’s Bargain Outlet has a 1-year low of $68.05 and a 1-year high of $104.98. The company has a market cap of $5.57 billion, a price-to-earnings ratio of 27.66, a price-to-earnings-growth ratio of 2.28 and a beta of 0.84.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings data on Thursday, August 29th. The company reported $0.78 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.78. The firm had revenue of $578.38 million for the quarter, compared to the consensus estimate of $561.60 million. Ollie’s Bargain Outlet had a net margin of 9.19% and a return on equity of 13.27%. The company’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.67 earnings per share. As a group, equities research analysts anticipate that Ollie’s Bargain Outlet will post 3.28 earnings per share for the current year.

Insider Buying and Selling

In other Ollie’s Bargain Outlet news, President Der Valk Eric Van sold 7,479 shares of Ollie’s Bargain Outlet stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $100.32, for a total value of $750,293.28. Following the completion of the transaction, the president now owns 5,615 shares of the company’s stock, valued at approximately $563,296.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, President Der Valk Eric Van sold 7,479 shares of the firm’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $100.32, for a total transaction of $750,293.28. Following the sale, the president now directly owns 5,615 shares in the company, valued at $563,296.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Robert F. Helm sold 2,401 shares of the company’s stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $94.68, for a total value of $227,326.68. Following the completion of the transaction, the chief financial officer now directly owns 2,021 shares of the company’s stock, valued at $191,348.28. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,880 shares of company stock valued at $2,462,470. Corporate insiders own 0.87% of the company’s stock.

Institutional Investors Weigh In On Ollie’s Bargain Outlet

A number of institutional investors have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC purchased a new position in Ollie’s Bargain Outlet during the second quarter valued at $25,000. ORG Partners LLC acquired a new stake in Ollie’s Bargain Outlet during the 1st quarter worth $28,000. Opal Wealth Advisors LLC purchased a new stake in shares of Ollie’s Bargain Outlet during the second quarter worth $31,000. Crewe Advisors LLC acquired a new stake in shares of Ollie’s Bargain Outlet in the second quarter valued at about $36,000. Finally, Versant Capital Management Inc purchased a new position in shares of Ollie’s Bargain Outlet in the second quarter worth about $38,000.

About Ollie’s Bargain Outlet

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.