Citigroup Inc. Begins Coverage on Ollie’s Bargain Outlet Holdings, Inc. (OLLI)

Citigroup Inc. started coverage on shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) in a research report released on Friday, Marketbeat Ratings reports. The brokerage issued a sell rating and a $39.00 price objective on the stock.

Several other analysts also recently commented on OLLI. BidaskClub downgraded shares of Ollie’s Bargain Outlet Holdings from a strong-buy rating to a buy rating in a report on Thursday, August 10th. KeyCorp restated a buy rating and set a $50.00 target price on shares of Ollie’s Bargain Outlet Holdings in a report on Friday, September 29th. Zacks Investment Research downgraded shares of 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, Morgan Stanley assumed coverage on shares of Ollie’s Bargain Outlet Holdings in a report on Monday, September 25th. They set an equal weight rating and a $46.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $46.92.

Ollie’s Bargain Outlet Holdings (OLLI) opened at $46.00 on Friday. Ollie’s Bargain Outlet Holdings has a one year low of $27.75 and a one year high of $46.90. The firm has a market cap of $2,820.00 and a P/E ratio of 42.59. 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 Holdings (NASDAQ:OLLI) last announced its earnings results on Tuesday, August 29th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.25 by $0.02. The firm had revenue of $254.60 million for the quarter, compared to the consensus estimate of $242.85 million. Ollie’s Bargain Outlet Holdings had a net margin of 7.60% and a return on equity of 10.44%. The business’s quarterly revenue was up 20.5% on a year-over-year basis. During the same period last year, the company posted $0.21 EPS. analysts forecast that Ollie’s Bargain Outlet Holdings will post 1.19 earnings per share for the current fiscal year.

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In related news, CEO Mark L. Butler sold 110,059 shares of the business’s 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 transaction, the chief executive officer now directly owns 4,770,421 shares in the company, valued at $219,534,774.42. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Mark L. Butler sold 6,248 shares of the business’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $45.00, for a total transaction of $281,160.00. Following the transaction, the chief executive officer now owns 4,880,480 shares in the company, valued at $219,621,600. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 692,871 shares of company stock worth $31,879,134. 22.25% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in OLLI. Teachers Advisors LLC boosted its position in Ollie’s Bargain Outlet Holdings by 7.8% during the first quarter. Teachers Advisors LLC now owns 35,577 shares of the company’s stock worth $1,192,000 after purchasing an additional 2,578 shares during the period. Vanguard Group Inc. boosted its position in Ollie’s Bargain Outlet Holdings by 6.9% during the first quarter. Vanguard Group Inc. now owns 4,143,766 shares of the company’s stock worth $138,816,000 after purchasing an additional 266,158 shares during the period. Geode Capital Management LLC boosted its position in Ollie’s Bargain Outlet Holdings by 5.5% during the first quarter. Geode Capital Management LLC now owns 347,495 shares of the company’s stock worth $11,640,000 after purchasing an additional 18,143 shares during the period. Dimensional Fund Advisors LP boosted its position in Ollie’s Bargain Outlet Holdings by 45.2% during the first quarter. Dimensional Fund Advisors LP now owns 853,894 shares of the company’s stock worth $28,606,000 after purchasing an additional 265,646 shares during the period. Finally, BlackRock Inc. boosted its position in Ollie’s Bargain Outlet Holdings by 213,381.5% during the first quarter. BlackRock Inc. now owns 4,826,816 shares of the company’s stock worth $161,699,000 after purchasing an additional 4,824,555 shares during the period. 88.88% of the stock is owned by hedge funds and other institutional investors.

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.

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

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