Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Short Interest Update

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) was the recipient of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 3,160,000 shares, an increase of 20.2% from the February 13th total of 2,630,000 shares. Based on an average daily trading volume, of 1,120,000 shares, the short-interest ratio is presently 2.8 days. Approximately 5.2% of the company’s stock are short sold.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on OLLI. JPMorgan Chase & Co. lifted their price objective on shares of Ollie’s Bargain Outlet from $105.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Craig Hallum lifted their target price on shares of Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Jefferies Financial Group cut shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and lowered their target price for the stock from $125.00 to $111.00 in a research note on Tuesday, February 4th. Piper Sandler lifted their target price on shares of Ollie’s Bargain Outlet from $107.00 to $126.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Finally, Royal Bank of Canada lifted their target price on shares of Ollie’s Bargain Outlet from $130.00 to $133.00 and gave the stock an “outperform” rating in a research note on Friday, March 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $118.29.

Institutional Investors Weigh In On Ollie’s Bargain Outlet

A number of large investors have recently modified their holdings of OLLI. Janney Montgomery Scott LLC grew its holdings in shares of Ollie’s Bargain Outlet by 5.2% during the third quarter. Janney Montgomery Scott LLC now owns 8,122 shares of the company’s stock worth $789,000 after buying an additional 402 shares in the last quarter. Royce & Associates LP grew its holdings in shares of Ollie’s Bargain Outlet by 161.6% during the third quarter. Royce & Associates LP now owns 75,605 shares of the company’s stock worth $7,349,000 after buying an additional 46,706 shares in the last quarter. Natixis Advisors LLC grew its holdings in shares of Ollie’s Bargain Outlet by 16.1% during the third quarter. Natixis Advisors LLC now owns 28,432 shares of the company’s stock worth $2,764,000 after buying an additional 3,946 shares in the last quarter. Mutual of America Capital Management LLC grew its holdings in shares of Ollie’s Bargain Outlet by 0.8% during the third quarter. Mutual of America Capital Management LLC now owns 114,687 shares of the company’s stock worth $11,148,000 after buying an additional 888 shares in the last quarter. Finally, Quest Partners LLC purchased a new stake in shares of Ollie’s Bargain Outlet during the third quarter worth $196,000.

Ollie’s Bargain Outlet Price Performance

NASDAQ OLLI traded up $8.88 on Wednesday, hitting $107.94. The company had a trading volume of 3,533,817 shares, compared to its average volume of 1,103,970. The company has a market capitalization of $6.61 billion, a PE ratio of 32.22, a PEG ratio of 2.21 and a beta of 0.83. The company’s fifty day moving average price is $105.06 and its 200-day moving average price is $101.33. Ollie’s Bargain Outlet has a 12-month low of $68.05 and a 12-month high of $120.03.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings results on Wednesday, March 19th. The company reported $1.19 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.01). The company had revenue of $667.10 million during the quarter, compared to analysts’ expectations of $674.61 million. Ollie’s Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. Ollie’s Bargain Outlet’s revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.23 EPS. On average, sell-side analysts anticipate that Ollie’s Bargain Outlet will post 3.29 EPS for the current year.

Ollie’s Bargain Outlet Company Profile

Ollie’s Bargain Outlet Holdings, Inc is a holding company, which engages in the retail of closeouts, excess inventory, and salvage merchandise. It offers overstocks, package changes, manufacturer refurbished goods, and irregulars. The company’s products include housewares, food, books and stationery, bed and bath, floor coverings, electronics and toys.