Ollie’s Bargain Outlet Holdings, Inc. (OLLI) Receives Consensus Recommendation of “Hold” from Analysts

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) has earned an average recommendation of “Hold” from the seventeen brokerages that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $46.58.

OLLI has been the subject of a number of research reports. BidaskClub lowered shares of Ollie’s Bargain Outlet from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 10th. Zacks Investment Research lowered shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. Jefferies Group LLC reiterated a “buy” rating and issued a $48.00 price objective on shares of Ollie’s Bargain Outlet in a report on Wednesday, August 23rd. Royal Bank Of Canada raised their price target on shares of Ollie’s Bargain Outlet from $47.00 to $49.00 and gave the stock an “outperform” rating in a report on Wednesday, August 30th. Finally, Buckingham Research set a $41.00 price target on shares of Ollie’s Bargain Outlet and gave the stock a “hold” rating in a report on Wednesday, August 30th.

In other news, CEO Mark L. Butler sold 227,843 shares of Ollie’s Bargain Outlet stock in a transaction on Friday, November 24th. The shares were sold at an average price of $47.02, for a total value of $10,713,177.86. Following the completion of the sale, the chief executive officer now owns 4,356 shares in the company, valued at approximately $204,819.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mark L. Butler sold 110,059 shares of Ollie’s Bargain Outlet stock in a transaction on Monday, September 18th. The shares were sold at an average price of $46.02, for a total transaction of $5,064,915.18. Following the completion of the sale, the chief executive officer now owns 4,770,421 shares of the company’s stock, valued at approximately $219,534,774.42. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,066,568 shares of company stock valued at $49,462,988. Company insiders own 22.25% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. 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 acquiring an additional 537 shares in the last quarter. 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 acquiring an additional 447 shares in the last quarter. Ameritas Investment Partners Inc. increased its stake in shares of Ollie’s Bargain Outlet by 165.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,180 shares of the company’s stock valued at $178,000 after acquiring an additional 2,604 shares in the last quarter. Royal Bank of Canada increased its stake in shares of Ollie’s Bargain Outlet by 302.7% in the 2nd quarter. Royal Bank of Canada now owns 4,257 shares of the company’s stock valued at $182,000 after acquiring an additional 3,200 shares in the last quarter. Finally, LS Investment Advisors LLC increased its stake in shares of Ollie’s Bargain Outlet by 1.1% in the 2nd quarter. LS Investment Advisors LLC now owns 4,375 shares of the company’s stock valued at $186,000 after acquiring an additional 46 shares in the last quarter. Institutional investors own 88.88% of the company’s stock.

Shares of Ollie’s Bargain Outlet (OLLI) remained flat at $$46.40 during midday trading on Monday. 323,942 shares of the company were exchanged, compared to its average volume of 590,651. The firm has a market cap of $2,849.52, a P/E ratio of 42.96, a price-to-earnings-growth ratio of 2.01 and a beta of 0.16. Ollie’s Bargain Outlet has a 1-year low of $27.75 and a 1-year high of $47.50. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.29 and a current ratio of 2.80.

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

TRADEMARK VIOLATION WARNING: This story was first reported by Transcript Daily and is owned by of Transcript Daily. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of US & international trademark & copyright laws. The legal version of this story can be viewed at https://transcriptdaily.com/2017/11/27/ollies-bargain-outlet-holdings-inc-olli-receives-consensus-recommendation-of-hold-from-analysts.html.

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)

Receive News & Ratings for Ollie's Bargain Outlet Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ollie's Bargain Outlet Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply