BidaskClub upgraded shares of Ollie's Bargain Outlet (NASDAQ:OLLI) from a hold rating to a buy rating in a research report sent to investors on Thursday morning.

Several other equities analysts have also recently weighed in on the company. Zacks Investment Research upgraded Ollie's Bargain Outlet from a hold rating to a buy rating and set a $57.00 price objective on the stock in a report on Thursday. Jefferies Group lifted their price objective on Ollie's Bargain Outlet to $57.00 and gave the company a buy rating in a report on Tuesday, December 5th. Citigroup assumed coverage on Ollie's Bargain Outlet in a report on Friday, November 17th. They set a sell rating and a $39.00 price objective on the stock. Wells Fargo & Company assumed coverage on Ollie's Bargain Outlet in a report on Friday, November 3rd. They set a market perform rating and a $45.00 price objective on the stock. Finally, Stephens assumed coverage on Ollie's Bargain Outlet in a report on Tuesday, October 31st. They set an overweight rating and a $53.00 price objective on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company. Ollie's Bargain Outlet currently has a consensus rating of Buy and an average price target of $50.54.

Ollie's Bargain Outlet (NASDAQ:OLLI) opened at $49.85 on Thursday. Ollie's Bargain Outlet has a 1-year low of $27.75 and a 1-year high of $51.53. The company has a current ratio of 2.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $3,073.60, a PE ratio of 44.12, a price-to-earnings-growth ratio of 2.00 and a beta of 0.18.

Ollie's Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings data on Wednesday, December 6th. The company reported $0.22 earnings per share for the quarter, beating 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 business had revenue of $238.10 million for the quarter, compared to analysts’ expectations of $233.77 million. During the same quarter in the previous year, the business posted $0.17 EPS. Ollie's Bargain Outlet’s revenue for the quarter was up 17.9% on a year-over-year basis. sell-side analysts expect that Ollie's Bargain Outlet will post 1.21 EPS for the current year.

In other Ollie's Bargain Outlet news, CEO Mark L. Butler sold 334,200 shares of the business’s stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $46.02, for a total transaction of $15,379,884.00. Following the transaction, the chief executive officer now owns 4,770,421 shares of the company’s stock, valued at approximately $219,534,774.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jay Stasz sold 11,250 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $50.11, for a total value of $563,737.50. Following the transaction, the senior vice president now directly owns 10,000 shares in the company, valued at approximately $501,100. The disclosure for this sale can be found here. In the last three months, insiders sold 1,610,463 shares of company stock worth $75,439,445. 22.25% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of OLLI. Capital World Investors acquired a new position in shares of Ollie's Bargain Outlet during the 2nd quarter worth approximately $38,979,000. BlackRock Inc. increased its position in shares of Ollie's Bargain Outlet by 17.3% during the 2nd quarter. BlackRock Inc. now owns 5,659,483 shares of the company’s stock worth $241,093,000 after purchasing an additional 832,667 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Ollie's Bargain Outlet by 22.8% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,640,797 shares of the company’s stock worth $122,533,000 after purchasing an additional 490,295 shares during the last quarter. State Street Corp increased its position in shares of Ollie's Bargain Outlet by 53.7% during the 2nd quarter. State Street Corp now owns 1,232,162 shares of the company’s stock worth $52,491,000 after purchasing an additional 430,682 shares during the last quarter. Finally, Northern Trust Corp increased its position in shares of Ollie's Bargain Outlet by 70.9% during the 2nd quarter. Northern Trust Corp now owns 609,254 shares of the company’s stock worth $25,954,000 after purchasing an additional 252,781 shares during the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

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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)

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