Piper Jaffray Companies Reiterates “Buy” Rating for Ollie's Bargain Outlet (OLLI)

Piper Jaffray Companies reaffirmed their buy rating on shares of Ollie's Bargain Outlet (NASDAQ:OLLI) in a research note released on Tuesday. They currently have a $71.00 price target on the stock.

A number of other equities analysts have also weighed in on the company. Stephens reiterated an overweight rating and set a $56.00 price objective (up previously from $54.00) on shares of Ollie's Bargain Outlet in a research note on Monday, January 8th. BidaskClub lowered Ollie's Bargain Outlet from a strong-buy rating to a buy rating in a research note on Friday, January 5th. Morgan Stanley set a $48.00 price objective on Ollie's Bargain Outlet and gave the company a hold rating in a research note on Thursday, December 7th. JPMorgan Chase & Co. lifted their price objective on Ollie's Bargain Outlet from $47.00 to $61.00 in a research note on Thursday, December 7th. Finally, KeyCorp reiterated a buy rating and set a $55.00 price objective (up previously from $50.00) on shares of Ollie's Bargain Outlet in a research note on Thursday, December 7th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of Buy and an average price target of $51.54.

Shares of Ollie's Bargain Outlet (OLLI) opened at $55.50 on Tuesday. Ollie's Bargain Outlet has a 52-week low of $28.90 and a 52-week high of $56.65. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.36 and a current ratio of 2.53. The company has a market capitalization of $3,329.48, a PE ratio of 47.79, a price-to-earnings-growth ratio of 1.86 and a beta of 0.18.

Ollie's Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings results on Wednesday, December 6th. The company reported $0.22 EPS for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.01. The company had revenue of $238.10 million during the quarter, compared to analysts’ expectations of $233.77 million. Ollie's Bargain Outlet had a return on equity of 10.55% and a net margin of 8.17%. The firm’s revenue was up 17.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.17 EPS. equities analysts forecast that Ollie's Bargain Outlet will post 1.24 earnings per share for the current year.

In related news, CEO Mark L. Butler sold 152,102 shares of Ollie's Bargain Outlet stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $47.02, for a total value of $7,151,836.04. Following the completion of the transaction, the chief executive officer now owns 4,356 shares in the company, valued at approximately $204,819.12. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Jay Stasz sold 11,250 shares of Ollie's Bargain Outlet stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $50.11, for a total value of $563,737.50. Following the completion of the transaction, the senior vice president now owns 10,000 shares of the company’s stock, valued at approximately $501,100. The disclosure for this sale can be found here. In the last 90 days, insiders sold 983,840 shares of company stock valued at $46,973,471. 22.25% of the stock is owned by company insiders.

Several institutional investors have recently made changes to their positions in the stock. D.A. Davidson & CO. increased its stake in shares of Ollie's Bargain Outlet by 14.9% in the 2nd quarter. D.A. Davidson & CO. now owns 3,442 shares of the company’s stock valued at $146,000 after purchasing an additional 447 shares in the last quarter. M&T Bank Corp increased its stake in shares of Ollie's Bargain Outlet by 6.1% in the 2nd quarter. M&T Bank Corp now owns 7,829 shares of the company’s stock valued at $333,000 after purchasing an additional 447 shares in the last quarter. Advisor Group Inc. increased its stake in shares of Ollie's Bargain Outlet by 23.2% in the 2nd quarter. Advisor Group Inc. now owns 2,853 shares of the company’s stock valued at $122,000 after purchasing an additional 537 shares in the last quarter. Swiss National Bank boosted its holdings in Ollie's Bargain Outlet by 2.5% in the 2nd quarter. Swiss National Bank now owns 81,700 shares of the company’s stock worth $3,480,000 after buying an additional 2,000 shares during the last quarter. Finally, American International Group Inc. boosted its holdings in Ollie's Bargain Outlet by 6.0% in the 3rd quarter. American International Group Inc. now owns 37,894 shares of the company’s stock worth $1,758,000 after buying an additional 2,152 shares during the last quarter. Hedge funds and other institutional investors own 89.66% of the company’s stock.

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Ollie's Bargain Outlet Company Profile

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 (NASDAQ:OLLI)

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