Ollie's Bargain Outlet (NASDAQ:OLLI) Upgraded to “Buy” by BidaskClub

BidaskClub upgraded shares of Ollie's Bargain Outlet (NASDAQ:OLLI) from a hold rating to a buy rating in a report published on Thursday, December 7th.

OLLI has been the topic of several other reports. Zacks Investment Research lowered Ollie's Bargain Outlet from a buy rating to a hold rating in a research report on Tuesday, August 22nd. Citigroup initiated coverage on Ollie's Bargain Outlet in a research report on Friday, November 17th. They set a sell rating and a $39.00 target price on the stock. Jefferies Group upped their target price on Ollie's Bargain Outlet to $57.00 and gave the company a buy rating in a research report on Tuesday, December 5th. JPMorgan Chase & Co. reaffirmed an overweight rating and set a $47.00 target price (up from $46.00) on shares of Ollie's Bargain Outlet in a research report on Thursday, August 31st. Finally, Morgan Stanley initiated coverage on Ollie's Bargain Outlet in a research report on Monday, September 25th. They set an equal weight rating and a $46.00 target price on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Ollie's Bargain Outlet currently has an average rating of Buy and an average price target of $50.54.

Ollie's Bargain Outlet (NASDAQ OLLI) traded down $1.30 on Thursday, hitting $51.95. The stock had a trading volume of 919,876 shares, compared to its average volume of 630,450. The company has a market cap of $3,283.24, a price-to-earnings ratio of 40.91, a price-to-earnings-growth ratio of 2.13 and a beta of 0.18. The company has a current ratio of 2.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.16. Ollie's Bargain Outlet has a 52-week low of $27.75 and a 52-week high of $54.30.

Ollie's Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings results on Wednesday, December 6th. The company reported $0.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.01. Ollie's Bargain Outlet had a return on equity of 10.55% and a net margin of 8.17%. The firm had revenue of $238.10 million during the quarter, compared to analyst estimates of $233.77 million. During the same period in the previous year, the company posted $0.17 EPS. The business’s revenue for the quarter was up 17.9% compared to the same quarter last year. research analysts forecast that Ollie's Bargain Outlet will post 1.21 earnings per share for the current fiscal year.

In other Ollie's Bargain Outlet news, CEO Mark L. Butler sold 152,102 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $47.02, for a total transaction of $7,151,836.04. Following 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 SEC, which can be accessed through the SEC website. Also, CEO Mark L. Butler sold 140,865 shares of the company’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $47.09, for a total value of $6,633,332.85. Following the completion of the sale, the chief executive officer now owns 4,245,437 shares in the company, valued at approximately $199,917,628.33. The disclosure for this sale can be found here. In the last quarter, insiders have sold 923,840 shares of company stock worth $43,841,471. Company insiders own 22.25% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Advisor Group Inc. boosted its stake in shares of Ollie's Bargain Outlet by 23.2% in the second quarter. Advisor Group Inc. now owns 2,853 shares of the company’s stock worth $122,000 after buying an additional 537 shares during the last quarter. D.A. Davidson & CO. boosted its stake in shares of Ollie's Bargain Outlet by 14.9% in the second quarter. D.A. Davidson & CO. now owns 3,442 shares of the company’s stock worth $146,000 after buying an additional 447 shares during the last quarter. Ameritas Investment Partners Inc. boosted its stake in shares of Ollie's Bargain Outlet by 165.2% in the second quarter. Ameritas Investment Partners Inc. now owns 4,180 shares of the company’s stock worth $178,000 after buying an additional 2,604 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of Ollie's Bargain Outlet by 302.7% in the second quarter. Royal Bank of Canada now owns 4,257 shares of the company’s stock worth $182,000 after buying an additional 3,200 shares during the last quarter. Finally, First Heartland Consultants Inc. purchased a new stake in shares of Ollie's Bargain Outlet in the third quarter worth about $207,000. Hedge funds and other institutional investors own 89.66% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Ollie's Bargain Outlet (NASDAQ:OLLI) Upgraded to “Buy” by BidaskClub” was originally published by TrueBlueTribune and is the property of of TrueBlueTribune. If you are viewing this news story on another domain, it was illegally copied and republished in violation of U.S. and international copyright & trademark laws. The legal version of this news story can be accessed at https://www.truebluetribune.com/2018/01/03/ollies-bargain-outlet-olli-upgraded-to-buy-by-bidaskclub.html.

About Ollie's Bargain Outlet

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

Latest News

Leave a Reply