Buckingham Research set a $41.00 target price on Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) in a research note issued to investors on Wednesday morning. The brokerage currently has a hold rating on the stock.

Several other equities analysts have also weighed in on OLLI. Zacks Investment Research raised Ollie’s Bargain Outlet Holdings from a hold rating to a buy rating and set a $49.00 price objective for the company in a report on Wednesday. BidaskClub lowered Ollie’s Bargain Outlet Holdings from a strong-buy rating to a buy rating in a report on Thursday, August 10th. Jefferies Group LLC reissued a buy rating and set a $48.00 price objective on shares of Ollie’s Bargain Outlet Holdings in a report on Wednesday, August 23rd. Royal Bank Of Canada increased their price objective on Ollie’s Bargain Outlet Holdings from $47.00 to $49.00 and gave the company an outperform rating in a report on Wednesday. Finally, Credit Suisse Group reissued a hold rating on shares of Ollie’s Bargain Outlet Holdings in a report on Sunday, June 4th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of $45.67.

Shares of Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) opened at 42.70 on Wednesday. The company has a market cap of $2.61 billion, a PE ratio of 36.81 and a beta of 0.15. The firm’s 50-day moving average price is $43.89 and its 200-day moving average price is $38.53. Ollie’s Bargain Outlet Holdings has a 12 month low of $24.12 and a 12 month high of $46.08.

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 for the quarter, beating the consensus estimate of $0.25 by $0.02. Ollie’s Bargain Outlet Holdings had a return on equity of 10.11% and a net margin of 7.25%. The business had revenue of $254.60 million during the quarter, compared to analyst estimates of $242.85 million. During the same period in the prior year, the company earned $0.21 earnings per share. Ollie’s Bargain Outlet Holdings’s revenue was up 20.5% compared to the same quarter last year. Equities analysts predict that Ollie’s Bargain Outlet Holdings will post $1.17 EPS for the current fiscal year.

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In other news, CEO Mark L. Butler sold 58,124 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $45.04, for a total value of $2,617,904.96. Following the completion of the transaction, the chief executive officer now directly owns 4,886,728 shares of the company’s stock, valued at $220,098,229.12. The transaction 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 firm’s stock in a transaction on 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 directly owns 4,880,480 shares of the company’s stock, valued at $219,621,600. The disclosure for this sale can be found here. Insiders sold 500,481 shares of company stock valued at $22,522,840 over the last ninety days. Corporate insiders own 22.25% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Alps Advisors Inc. raised its position in Ollie’s Bargain Outlet Holdings by 0.3% in the second quarter. Alps Advisors Inc. now owns 15,179 shares of the company’s stock worth $647,000 after buying an additional 40 shares during the last quarter. LS Investment Advisors LLC raised its position in Ollie’s Bargain Outlet Holdings by 1.1% in the second quarter. LS Investment Advisors LLC now owns 4,375 shares of the company’s stock worth $186,000 after buying an additional 46 shares during the last quarter. State of Alaska Department of Revenue raised its position in Ollie’s Bargain Outlet Holdings by 2.9% in the first quarter. State of Alaska Department of Revenue now owns 5,280 shares of the company’s stock worth $176,000 after buying an additional 150 shares during the last quarter. Louisiana State Employees Retirement System raised its position in Ollie’s Bargain Outlet Holdings by 1.0% in the second quarter. Louisiana State Employees Retirement System now owns 19,700 shares of the company’s stock worth $839,000 after buying an additional 200 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan raised its position in Ollie’s Bargain Outlet Holdings by 2.1% in the first quarter. Municipal Employees Retirement System of Michigan now owns 10,870 shares of the company’s stock worth $364,000 after buying an additional 220 shares during the last quarter. 92.90% 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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