Ollie’s Bargain Outlet Holdings, Inc. (OLLI) Receives $47.50 Consensus Price Target from Brokerages

Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) have earned a consensus recommendation of “Buy” from the sixteen research firms that are covering the stock, Marketbeat reports. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $47.27.

A number of equities analysts recently commented on OLLI shares. TheStreet upgraded Ollie’s Bargain Outlet Holdings from a “c” rating to a “b-” rating in a report on Monday, July 17th. BidaskClub downgraded Ollie’s Bargain Outlet Holdings from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 10th. Zacks Investment Research downgraded Ollie’s Bargain Outlet Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. Jefferies Group LLC restated a “buy” rating and set a $48.00 target price on shares of Ollie’s Bargain Outlet Holdings in a report on Wednesday, August 23rd. Finally, Royal Bank Of Canada upped their target price on Ollie’s Bargain Outlet Holdings from $47.00 to $49.00 and gave the company an “outperform” rating in a report on Wednesday, August 30th.

Shares of Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) traded down $0.15 during mid-day trading on Thursday, reaching $44.50. The company’s stock had a trading volume of 458,611 shares, compared to its average volume of 390,570. The company has a quick ratio of 0.29, a current ratio of 2.80 and a debt-to-equity ratio of 0.17. The stock has a market cap of $2,732.83, a P/E ratio of 41.20, a P/E/G ratio of 1.92 and a beta of 0.16.

Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) last announced its quarterly earnings data on Tuesday, August 29th. The company reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.02. The firm had revenue of $254.60 million during the quarter, compared to the consensus estimate of $242.85 million. Ollie’s Bargain Outlet Holdings had a return on equity of 10.44% and a net margin of 7.60%. The business’s revenue was up 20.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.21 earnings per share. sell-side analysts forecast that Ollie’s Bargain Outlet Holdings will post 1.19 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “Ollie’s Bargain Outlet Holdings, Inc. (OLLI) Receives $47.50 Consensus Price Target from Brokerages” was originally published by Community Financial News and is the property of of Community Financial News. If you are viewing this piece on another publication, it was stolen and republished in violation of international copyright and trademark law. The original version of this piece can be viewed at https://www.com-unik.info/2017/11/05/ollies-bargain-outlet-holdings-inc-olli-receives-47-50-consensus-price-target-from-brokerages.html.

In related news, CEO Mark L. Butler sold 285,623 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $45.19, for a total value of $12,907,303.37. Following the sale, the chief executive officer now directly owns 5,038,224 shares of the company’s stock, valued at $227,677,342.56. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Howard Freedman sold 14,658 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $45.15, for a total value of $661,808.70. Following the completion of the sale, the vice president now directly owns 39,370 shares in the company, valued at $1,777,555.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,150,604 shares of company stock worth $52,550,809. 22.25% of the stock is owned by insiders.

Hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. grew its stake in Ollie’s Bargain Outlet Holdings by 27.4% in the second quarter. Goldman Sachs Group Inc. now owns 208,271 shares of the company’s stock worth $8,872,000 after purchasing an additional 44,743 shares during the period. Wasatch Advisors Inc. grew its stake in Ollie’s Bargain Outlet Holdings by 1.2% in the second quarter. Wasatch Advisors Inc. now owns 3,136,746 shares of the company’s stock worth $133,625,000 after purchasing an additional 37,517 shares during the period. Northern Trust Corp grew its stake in Ollie’s Bargain Outlet Holdings by 70.9% in the second quarter. Northern Trust Corp now owns 609,254 shares of the company’s stock worth $25,954,000 after purchasing an additional 252,781 shares during the period. Teachers Advisors LLC grew its stake in shares of Ollie’s Bargain Outlet Holdings by 7.8% in the first quarter. Teachers Advisors LLC now owns 35,577 shares of the company’s stock worth $1,192,000 after acquiring an additional 2,578 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in shares of Ollie’s Bargain Outlet Holdings by 31.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 199,683 shares of the company’s stock worth $8,507,000 after acquiring an additional 48,299 shares during the last quarter. 91.92% of the stock is currently owned by institutional investors.

About Ollie’s Bargain Outlet Holdings

Ollie’s Bargain Outlet Holdings, Inc is a retailer of brand name merchandise. The Company offers customers a selection of brand name products, including food, housewares, books and stationery, bed and bath, floor coverings, electronics and toys. Its warehouse format stores feature a range of products, including hardware, personal healthcare, candy, clothing, sporting goods, pet and lawn and garden products.

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

What are top analysts saying about Ollie's Bargain Outlet Holdings Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Ollie's Bargain Outlet Holdings Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit