Ollie’s Bargain Outlet Holdings, Inc. (OLLI) Rating Lowered to Buy at BidaskClub

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) was downgraded by investment analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued on Friday.

Other research analysts also recently issued reports about the company. Royal Bank Of Canada reissued a “buy” rating and issued a $37.00 price objective on shares of Ollie’s Bargain Outlet Holdings in a research note on Thursday, May 25th. MKM Partners reissued a “buy” rating and issued a $39.00 price objective (up from $34.00) on shares of Ollie’s Bargain Outlet Holdings in a research note on Friday, March 31st. Zacks Investment Research raised Ollie’s Bargain Outlet Holdings from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research note on Friday, March 31st. Jefferies Group LLC reissued a “buy” rating and issued a $37.00 price objective on shares of Ollie’s Bargain Outlet Holdings in a research note on Wednesday, March 29th. Finally, Piper Jaffray Companies set a $48.00 price objective on Ollie’s Bargain Outlet Holdings and gave the company a “buy” rating in a research note on Thursday, June 1st. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $39.60.

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

Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) traded down 1.40% during midday trading on Friday, hitting $38.75. The stock had a trading volume of 768,478 shares. The company’s 50 day moving average price is $40.96 and its 200-day moving average price is $34.31. Ollie’s Bargain Outlet Holdings has a 52 week low of $22.25 and a 52 week high of $44.08. The stock has a market capitalization of $2.37 billion, a price-to-earnings ratio of 36.56 and a beta of 0.14.

Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) last announced its quarterly earnings data on Wednesday, May 31st. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. The company had revenue of $227.60 million for the quarter, compared to the consensus estimate of $220.56 million. Ollie’s Bargain Outlet Holdings had a return on equity of 10.11% and a net margin of 7.25%. The firm’s revenue was up 17.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.20 EPS. Equities analysts anticipate that Ollie’s Bargain Outlet Holdings will post $1.17 earnings per share for the current fiscal year.

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In related news, VP Kenneth Robert Bertram sold 10,500 shares of the company’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $42.81, for a total transaction of $449,505.00. Following the transaction, the vice president now directly owns 10,500 shares of the company’s stock, valued at approximately $449,505. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Kevin Mclain sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $43.05, for a total value of $861,000.00. Following the transaction, the senior vice president now directly owns 20,000 shares in the company, valued at $861,000. The disclosure for this sale can be found here. Insiders sold a total of 80,500 shares of company stock worth $3,078,305 over the last three months. 22.25% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Sowell Financial Services LLC increased its position in Ollie’s Bargain Outlet Holdings by 54.5% in the first quarter. Sowell Financial Services LLC now owns 18,642 shares of the company’s stock worth $762,000 after buying an additional 6,579 shares during the period. Driehaus Capital Management LLC purchased a new position in Ollie’s Bargain Outlet Holdings during the first quarter worth $773,000. Paloma Partners Management Co purchased a new position in Ollie’s Bargain Outlet Holdings during the first quarter worth $1,251,000. Scopus Asset Management L.P. purchased a new position in Ollie’s Bargain Outlet Holdings during the first quarter worth $1,240,000. Finally, Highbridge Capital Management LLC purchased a new position in Ollie’s Bargain Outlet Holdings during the first quarter worth $216,000. 95.21% of the stock is currently owned by institutional investors and hedge funds.

Ollie’s Bargain Outlet Holdings 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.

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