Wells Fargo & Company began coverage on shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) in a research note published on Friday morning, Marketbeat Ratings reports. The brokerage issued a market perform rating and a $45.00 target price on the stock.

Several other equities analysts also recently weighed in on OLLI. TheStreet raised Ollie’s Bargain Outlet Holdings from a c rating to a b- rating in a research report on Monday, July 17th. BidaskClub downgraded Ollie’s Bargain Outlet Holdings from a strong-buy rating to a buy rating in a research report on Thursday, August 10th. Zacks Investment Research cut Ollie’s Bargain Outlet Holdings from a buy rating to a hold rating in a research note on Tuesday, August 22nd. Jefferies Group LLC reiterated a buy rating and issued a $48.00 price objective on shares of Ollie’s Bargain Outlet Holdings in a research note on Wednesday, August 23rd. Finally, Royal Bank Of Canada lifted their price objective on Ollie’s Bargain Outlet Holdings from $47.00 to $49.00 and gave the company an outperform rating in a research note on Wednesday, August 30th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $47.58.

Shares of Ollie’s Bargain Outlet Holdings (OLLI) opened at $44.20 on Friday. The stock has a market capitalization of $2,732.84, a PE ratio of 41.20, a PEG ratio of 1.92 and a beta of 0.16. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.80 and a quick ratio of 0.29.

Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) last released its earnings results 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. The company had revenue of $254.60 million during the quarter, compared to the consensus estimate of $242.85 million. Ollie’s Bargain Outlet Holdings had a return on equity of 10.44% and a net margin of 7.60%. Ollie’s Bargain Outlet Holdings’s revenue was up 20.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.21 EPS. research analysts anticipate that Ollie’s Bargain Outlet Holdings will post 1.19 EPS for the current year.

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In other news, CEO Mark L. Butler sold 5,938 shares of the business’s stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $46.00, for a total value of $273,148.00. Following the transaction, the chief executive officer now owns 4,509,395 shares of the company’s stock, valued at $207,432,170. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Mark L. Butler sold 6,248 shares of the business’s stock in a transaction that occurred on Thursday, August 24th. The shares were 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 in the company, valued at approximately $219,621,600. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 751,000 shares of company stock worth $34,497,264. 22.25% of the stock is currently owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the company. Advisor Group Inc. increased its holdings in shares of Ollie’s Bargain Outlet Holdings by 23.2% in the second 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 period. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Ollie’s Bargain Outlet Holdings in the second quarter valued at approximately $139,000. D.A. Davidson & CO. increased its holdings in shares of Ollie’s Bargain Outlet Holdings by 14.9% in the second 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 period. Ameritas Investment Partners Inc. increased its holdings in shares of Ollie’s Bargain Outlet Holdings by 165.2% in the second 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 period. Finally, Royal Bank of Canada increased its holdings in shares of Ollie’s Bargain Outlet Holdings by 302.7% in the second 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 period. 91.22% of the stock is currently owned by institutional investors and hedge funds.

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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