Ollie’s Bargain Outlet (NASDAQ:OLLI) Hits New 52-Week High – What’s Next?

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $116.18 and last traded at $115.46, with a volume of 443516 shares trading hands. The stock had previously closed at $112.77.

Analysts Set New Price Targets

Several research firms have commented on OLLI. Wells Fargo & Company increased their price objective on shares of Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the company an “equal weight” rating in a report on Wednesday, December 11th. Royal Bank of Canada raised their price target on Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Loop Capital upped their price objective on Ollie’s Bargain Outlet from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Truist Financial raised their target price on shares of Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Finally, UBS Group upped their price target on shares of Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the company a “neutral” rating in a research note on Friday, August 30th. One analyst has rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $117.85.

Ollie’s Bargain Outlet Stock Performance

The stock has a market cap of $7.02 billion, a P/E ratio of 34.18, a price-to-earnings-growth ratio of 2.79 and a beta of 0.85. The company’s fifty day moving average price is $97.09 and its 200-day moving average price is $95.87.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data on Tuesday, December 10th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.01. Ollie’s Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. The business had revenue of $517.43 million during the quarter, compared to the consensus estimate of $518.83 million. During the same quarter last year, the firm earned $0.51 earnings per share. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. Analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

Insider Buying and Selling at Ollie’s Bargain Outlet

In related news, CFO Robert F. Helm sold 2,401 shares of the business’s stock in a transaction that occurred on 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 sale, the chief financial officer now owns 2,021 shares in the company, valued at approximately $191,348.28. The trade was a 54.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO John W. Swygert sold 4,032 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $102.51, for a total value of $413,320.32. Following the completion of the sale, the chief executive officer now owns 48,200 shares of the company’s stock, valued at $4,940,982. This represents a 7.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 97,651 shares of company stock valued at $10,628,452 in the last quarter. 0.87% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC bought a new stake in shares of Ollie’s Bargain Outlet in the 2nd quarter valued at about $25,000. Crewe Advisors LLC bought a new position in Ollie’s Bargain Outlet in the second quarter worth approximately $36,000. GAMMA Investing LLC lifted its holdings in Ollie’s Bargain Outlet by 37.9% during the third quarter. GAMMA Investing LLC now owns 651 shares of the company’s stock worth $63,000 after buying an additional 179 shares during the period. Northwest & Ethical Investments L.P. bought a new stake in Ollie’s Bargain Outlet during the 3rd quarter valued at $117,000. Finally, LRI Investments LLC boosted its position in Ollie’s Bargain Outlet by 2,356.1% during the 3rd quarter. LRI Investments LLC now owns 1,400 shares of the company’s stock valued at $130,000 after acquiring an additional 1,343 shares in the last quarter.

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.