Ollie’s Bargain Outlet (OLLI) Price Target Increased to $84.00 by Analysts at JPMorgan Chase & Co.

Ollie’s Bargain Outlet (NASDAQ:OLLI) had its price objective increased by JPMorgan Chase & Co. from $70.00 to $84.00 in a report released on Tuesday morning. They currently have an overweight rating on the stock.

Several other equities analysts have also recently issued reports on OLLI. Zacks Investment Research cut shares of Ollie’s Bargain Outlet from a buy rating to a hold rating in a research note on Thursday, March 8th. BidaskClub cut shares of Ollie’s Bargain Outlet from a strong-buy rating to a buy rating in a research note on Saturday, March 10th. Bank of America boosted their target price on shares of Ollie’s Bargain Outlet from $60.00 to $65.00 and gave the company a buy rating in a research note on Tuesday, March 13th. MKM Partners set a $59.00 target price on shares of Ollie’s Bargain Outlet and gave the company a hold rating in a research note on Wednesday, March 28th. Finally, KeyCorp boosted their target price on shares of Ollie’s Bargain Outlet from $60.00 to $65.00 and gave the company an overweight rating in a research note on Thursday, April 5th. One analyst has rated the stock with a sell rating, six have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $59.93.

Shares of Ollie’s Bargain Outlet opened at $70.35 on Tuesday, according to MarketBeat.com. The company has a quick ratio of 0.35, a current ratio of 2.22 and a debt-to-equity ratio of 0.05. Ollie’s Bargain Outlet has a 12 month low of $38.45 and a 12 month high of $71.45. The company has a market cap of $4.30 billion, a price-to-earnings ratio of 56.28, a price-to-earnings-growth ratio of 1.91 and a beta of 0.14.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its earnings results on Wednesday, April 4th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.02. Ollie’s Bargain Outlet had a net margin of 11.85% and a return on equity of 11.23%. The firm had revenue of $356.70 million during the quarter, compared to analysts’ expectations of $349.93 million. During the same period in the previous year, the business posted $0.39 EPS. The business’s revenue was up 25.9% compared to the same quarter last year. equities research analysts forecast that Ollie’s Bargain Outlet will post 1.68 earnings per share for the current year.

In related news, VP Howard Freedman sold 8,300 shares of the business’s stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $59.08, for a total value of $490,364.00. Following the completion of the sale, the vice president now owns 34,670 shares of the company’s stock, valued at approximately $2,048,303.60. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO John W. Swygert sold 50,000 shares of the business’s stock in a transaction on Thursday, March 15th. The stock was sold at an average price of $59.32, for a total transaction of $2,966,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 62,300 shares of company stock valued at $3,694,964. 20.27% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of OLLI. Point72 Asia Hong Kong Ltd purchased a new stake in Ollie’s Bargain Outlet in the 1st quarter worth $112,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Ollie’s Bargain Outlet by 50.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,972 shares of the company’s stock worth $158,000 after acquiring an additional 992 shares in the last quarter. Navellier & Associates Inc purchased a new stake in Ollie’s Bargain Outlet in the 4th quarter worth $201,000. Schwartz Investment Counsel Inc. purchased a new stake in Ollie’s Bargain Outlet in the 1st quarter worth $211,000. Finally, Scout Investments Inc. purchased a new stake in Ollie’s Bargain Outlet in the 1st quarter worth $228,000. 90.12% of the stock is owned by institutional investors.

About Ollie’s Bargain Outlet

Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise. The company offers food products, housewares, books and stationery, bed and bath products, floor coverings, electronics, and toys; and other products, including hardware, personal health care, candy, clothing, sporting, pet and lawn, and garden products.

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

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