StockNews.com Downgrades Ollie’s Bargain Outlet (NASDAQ:OLLI) to Sell

Ollie’s Bargain Outlet (NASDAQ:OLLI) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Wednesday.

Several other equities research analysts have also recently commented on the stock. Citigroup raised shares of Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and raised their target price for the stock from $64.00 to $133.00 in a research report on Wednesday, December 18th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $130.00 price objective on shares of Ollie’s Bargain Outlet in a research report on Monday, December 23rd. Craig Hallum increased their target price on Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. JPMorgan Chase & Co. lifted their price target on Ollie’s Bargain Outlet from $105.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Finally, Wells Fargo & Company increased their price objective on Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, Ollie’s Bargain Outlet presently has an average rating of “Moderate Buy” and an average price target of $118.62.

Ollie’s Bargain Outlet Price Performance

Shares of NASDAQ:OLLI opened at $104.48 on Wednesday. The stock’s 50-day moving average is $104.23 and its 200 day moving average is $98.60. The company has a market cap of $6.40 billion, a PE ratio of 31.19, a P/E/G ratio of 2.63 and a beta of 0.82. Ollie’s Bargain Outlet has a 1 year low of $68.05 and a 1 year high of $120.03.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its earnings results on Tuesday, December 10th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.01. The firm had revenue of $517.43 million for the quarter, compared to analysts’ expectations of $518.83 million. Ollie’s Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The business’s revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.51 earnings per share. Analysts expect that Ollie’s Bargain Outlet will post 3.29 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO John W. Swygert sold 4,032 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $102.51, for a total value of $413,320.32. Following the completion of the transaction, the chief executive officer now directly owns 48,200 shares in the company, valued at $4,940,982. The trade was a 7.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas Hendrickson sold 6,250 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $114.74, for a total value of $717,125.00. The disclosure for this sale can be found here. Insiders have sold a total of 87,771 shares of company stock worth $9,650,832 in the last quarter. Corporate insiders own 0.87% of the company’s stock.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

A number of hedge funds have recently bought and sold shares of the business. UMB Bank n.a. grew its stake in shares of Ollie’s Bargain Outlet by 25.3% in the fourth quarter. UMB Bank n.a. now owns 545 shares of the company’s stock worth $60,000 after acquiring an additional 110 shares during the period. Thrive Wealth Management LLC bought a new stake in Ollie’s Bargain Outlet in the 4th quarter worth approximately $219,000. Diversify Wealth Management LLC raised its stake in Ollie’s Bargain Outlet by 26.8% during the 4th quarter. Diversify Wealth Management LLC now owns 8,651 shares of the company’s stock valued at $920,000 after buying an additional 1,830 shares during the last quarter. LVW Advisors LLC bought a new position in shares of Ollie’s Bargain Outlet during the 4th quarter valued at $627,000. Finally, Everpar Advisors LLC purchased a new position in shares of Ollie’s Bargain Outlet in the 4th quarter worth $319,000.

About Ollie’s Bargain Outlet

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