Ollie’s Bargain Outlet Holdings, Inc. (OLLI) Coverage Initiated by Analysts at Citigroup Inc.

Citigroup Inc. began coverage on shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) in a research note published on Friday. The firm issued a sell rating and a $39.00 price target on the stock.

A number of other research firms have also issued reports on OLLI. Zacks Investment Research upgraded Ollie’s Bargain Outlet Holdings from a hold rating to a buy rating and set a $51.00 price objective on the stock in a research note on Tuesday, September 19th. Morgan Stanley began coverage on Ollie’s Bargain Outlet Holdings in a research note on Monday, September 25th. They set an equal weight rating and a $46.00 price objective on the stock. KeyCorp reiterated a buy rating and set a $50.00 price objective on shares of Ollie’s Bargain Outlet Holdings in a research note on Friday, September 29th. BidaskClub lowered Ollie’s Bargain Outlet Holdings from a strong-buy rating to a buy rating in a research note on Thursday, August 10th. Finally, Jefferies Group LLC reiterated a buy rating and set a $48.00 price objective on shares of Ollie’s Bargain Outlet Holdings in a research note on Wednesday, August 23rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $46.92.

Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) traded up $1.10 during trading hours on Friday, hitting $46.00. The company had a trading volume of 603,535 shares, compared to its average volume of 593,057. 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 has a 12 month low of $27.75 and a 12 month high of $46.90. The company has a market cap of $2,750.00 and a price-to-earnings ratio of 40.69.

Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) last released 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. Ollie’s Bargain Outlet Holdings had a return on equity of 10.44% and a net margin of 7.60%. The company had revenue of $254.60 million for the quarter, compared to analyst estimates of $242.85 million. During the same period in the previous year, the company posted $0.21 EPS. The firm’s revenue for the quarter was up 20.5% compared to the same quarter last year. sell-side analysts predict 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 110,059 shares of the company’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $46.02, for a total value of $5,064,915.18. Following the transaction, the chief executive officer now directly owns 4,770,421 shares in the company, valued at approximately $219,534,774.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Mark L. Butler sold 6,248 shares of the company’s stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $45.00, for a total value of $281,160.00. Following the completion of 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. Insiders sold a total of 692,871 shares of company stock worth $31,879,134 over the last 90 days. Corporate insiders own 22.25% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Advisor Group Inc. increased its position in shares of Ollie’s Bargain Outlet Holdings by 23.2% during the 2nd quarter. Advisor Group Inc. now owns 2,853 shares of the company’s stock valued at $122,000 after purchasing an additional 537 shares during the last quarter. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Ollie’s Bargain Outlet Holdings during the 2nd quarter valued at about $139,000. D.A. Davidson & CO. increased its position in shares of Ollie’s Bargain Outlet Holdings by 14.9% during the 2nd quarter. D.A. Davidson & CO. now owns 3,442 shares of the company’s stock valued at $146,000 after purchasing an additional 447 shares during the last quarter. Ameritas Investment Partners Inc. increased its position in shares of Ollie’s Bargain Outlet Holdings by 165.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,180 shares of the company’s stock valued at $178,000 after purchasing an additional 2,604 shares during the last quarter. Finally, Royal Bank of Canada increased its position in shares of Ollie’s Bargain Outlet Holdings by 302.7% during the 2nd quarter. Royal Bank of Canada now owns 4,257 shares of the company’s stock valued at $182,000 after purchasing an additional 3,200 shares during the last quarter. Hedge funds and other institutional investors own 91.48% of the company’s stock.

About Ollie’s Bargain Outlet Holdings

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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