Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Given a $41.00 Price Target by Buckingham Research Analysts

Buckingham Research set a $41.00 target price on Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) in a report released on Wednesday, August 30th. The firm currently has a hold rating on the stock.

OLLI has been the subject of a number of other research reports. Credit Suisse Group reissued a hold rating on shares of Ollie’s Bargain Outlet Holdings in a report on Sunday, June 4th. Royal Bank Of Canada increased their target price on shares of Ollie’s Bargain Outlet Holdings from $47.00 to $49.00 and gave the stock an outperform rating in a report on Wednesday, August 30th. Piper Jaffray Companies set a $48.00 target price on shares of Ollie’s Bargain Outlet Holdings and gave the stock a buy rating in a report on Thursday, June 1st. Zacks Investment Research raised shares of Ollie’s Bargain Outlet Holdings from a hold rating to a buy rating and set a $49.00 target price for the company in a report on Thursday, August 24th. Finally, BidaskClub cut shares of Ollie’s Bargain Outlet Holdings from a strong-buy rating to a buy rating in a report on Thursday, August 10th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $46.88.

Shares of Ollie’s Bargain Outlet Holdings (NASDAQ OLLI) opened at 45.85 on Wednesday. The firm has a market cap of $2.81 billion, a price-to-earnings ratio of 39.53 and a beta of 0.17. Ollie’s Bargain Outlet Holdings has a 1-year low of $24.80 and a 1-year high of $46.00. The company’s 50-day moving average is $45.57 and its 200 day moving average is $39.42.

Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) last announced its quarterly earnings data on Tuesday, August 29th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 revenue for the quarter was up 20.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.21 earnings per share. On average, equities research analysts expect that Ollie’s Bargain Outlet Holdings will post $1.19 EPS for the current fiscal year.

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In other Ollie’s Bargain Outlet Holdings news, CEO Mark L. Butler sold 6,248 shares of the stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $45.00, for a total transaction of $281,160.00. Following the completion of the sale, the chief executive officer now owns 4,880,480 shares of the company’s stock, valued at approximately $219,621,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mark L. Butler sold 285,623 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $45.19, for a total transaction of $12,907,303.37. Following the sale, the chief executive officer now directly owns 5,038,224 shares of the company’s stock, valued at approximately $227,677,342.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 469,981 shares of company stock valued at $21,212,335. 22.25% of the stock is owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the business. Alps Advisors Inc. increased its position in Ollie’s Bargain Outlet Holdings by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 15,179 shares of the company’s stock valued at $647,000 after purchasing an additional 40 shares during the period. LS Investment Advisors LLC increased its position in Ollie’s Bargain Outlet Holdings by 1.1% during the 2nd quarter. LS Investment Advisors LLC now owns 4,375 shares of the company’s stock valued at $186,000 after purchasing an additional 46 shares during the period. State of Alaska Department of Revenue increased its position in Ollie’s Bargain Outlet Holdings by 2.9% during the 1st quarter. State of Alaska Department of Revenue now owns 5,280 shares of the company’s stock valued at $176,000 after purchasing an additional 150 shares during the period. Louisiana State Employees Retirement System increased its position in Ollie’s Bargain Outlet Holdings by 1.0% during the 2nd quarter. Louisiana State Employees Retirement System now owns 19,700 shares of the company’s stock valued at $839,000 after purchasing an additional 200 shares during the period. Finally, Municipal Employees Retirement System of Michigan increased its position in Ollie’s Bargain Outlet Holdings by 2.1% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 10,870 shares of the company’s stock valued at $364,000 after purchasing an additional 220 shares during the period. 92.47% of the stock is 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.

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

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