Piper Jaffray Companies reaffirmed their overweight rating on shares of Ollie's Bargain Outlet (NASDAQ:OLLI) in a research report released on Thursday, The Fly reports. The brokerage currently has a $61.00 price objective on the stock.

Other research analysts have also recently issued reports about the stock. BidaskClub upgraded shares of Ollie's Bargain Outlet from a hold rating to a buy rating in a research note on Thursday. Bank of America reiterated a buy rating and issued a $52.00 target price on shares of Ollie's Bargain Outlet in a research note on Tuesday, September 5th. Zacks Investment Research upgraded shares of Ollie's Bargain Outlet from a hold rating to a buy rating and set a $49.00 target price on the stock in a research note on Wednesday, August 30th. Royal Bank Of Canada boosted their target price on shares of Ollie's Bargain Outlet from $47.00 to $49.00 and gave the company an outperform rating in a research note on Wednesday, August 30th. Finally, Jefferies Group reiterated a buy rating and issued a $48.00 target price on shares of Ollie's Bargain Outlet in a research note on Wednesday, August 23rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company. Ollie's Bargain Outlet presently has a consensus rating of Buy and an average price target of $50.54.

Shares of Ollie's Bargain Outlet (NASDAQ:OLLI) traded up $1.10 during mid-day trading on Thursday, reaching $49.85. Ollie's Bargain Outlet has a 12-month low of $27.75 and a 12-month high of $51.53. The company has a quick ratio of 0.29, a current ratio of 2.53 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $3,060.00 and a PE ratio of 44.12.

Ollie's Bargain Outlet (NASDAQ:OLLI) last released its earnings results on Wednesday, December 6th. The company reported $0.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.01. The firm had revenue of $238.10 million for the quarter, compared to analysts’ expectations of $233.77 million. Ollie's Bargain Outlet had a net margin of 8.17% and a return on equity of 10.55%. The company’s quarterly revenue was up 17.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.17 earnings per share. equities research analysts predict that Ollie's Bargain Outlet will post 1.21 earnings per share for the current year.

In related news, VP Howard Freedman sold 11,500 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $48.50, for a total transaction of $557,750.00. Following the sale, the vice president now directly owns 40,870 shares in the company, valued at approximately $1,982,195. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jay Stasz sold 11,250 shares of the company’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $50.11, for a total transaction of $563,737.50. Following the sale, the senior vice president now owns 10,000 shares in the company, valued at $501,100. The disclosure for this sale can be found here. Insiders have sold a total of 1,610,463 shares of company stock worth $75,439,445 over the last 90 days. 22.25% of the stock is currently owned by corporate insiders.

Hedge funds have recently made changes to their positions in the stock. Advisor Group Inc. lifted its stake in shares of Ollie's Bargain Outlet 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 buying an additional 537 shares in the last quarter. D.A. Davidson & CO. lifted its stake in shares of Ollie's Bargain Outlet 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 buying an additional 447 shares in the last quarter. Ameritas Investment Partners Inc. lifted its stake in shares of Ollie's Bargain Outlet 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 buying an additional 2,604 shares in the last quarter. Royal Bank of Canada lifted its stake in shares of Ollie's Bargain Outlet 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 buying an additional 3,200 shares in the last quarter. Finally, First Heartland Consultants Inc. purchased a new stake in Ollie's Bargain Outlet in the 3rd quarter worth approximately $207,000. Institutional investors own 90.05% of the company’s stock.

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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.

The Fly

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