Shares of Ollie's Bargain Outlet Holdings Inc (NASDAQ:OLLI) have been given an average recommendation of “Hold” by the sixteen ratings firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $51.08.
OLLI has been the subject of several recent analyst reports. Zacks Investment Research cut shares of Ollie's Bargain Outlet from a “buy” rating to a “hold” rating in a research report on Thursday. Piper Jaffray Companies restated a “buy” rating and issued a $71.00 target price on shares of Ollie's Bargain Outlet in a research report on Tuesday, January 9th. BidaskClub upgraded shares of Ollie's Bargain Outlet from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 22nd. Morgan Stanley set a $48.00 price objective on shares of Ollie's Bargain Outlet and gave the company a “hold” rating in a report on Thursday, December 7th. Finally, Jefferies Group increased their price objective on shares of Ollie's Bargain Outlet to $57.00 and gave the company a “buy” rating in a report on Tuesday, December 5th.
Ollie's Bargain Outlet (NASDAQ OLLI) traded up $0.95 during midday trading on Wednesday, reaching $59.65. 470,033 shares of the company’s stock traded hands, compared to its average volume of 477,535. Ollie's Bargain Outlet has a 1 year low of $31.00 and a 1 year high of $62.05. 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 company has a market cap of $3,680.00 and a PE ratio of 46.60.
In related news, VP Howard Freedman sold 8,300 shares of the firm’s stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $59.08, for a total transaction of $490,364.00. Following the completion of the sale, the vice president now directly owns 34,670 shares in the company, valued at $2,048,303.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO John W. Swygert sold 60,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $52.20, for a total transaction of $3,132,000.00. The disclosure for this sale can be found here. Insiders sold 101,742 shares of company stock valued at $5,495,118 over the last quarter. Insiders own 22.25% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. Elkfork Partners LLC bought a new stake in Ollie's Bargain Outlet during the fourth quarter worth approximately $315,000. Xact Kapitalforvaltning AB bought a new stake in Ollie's Bargain Outlet during the fourth quarter worth approximately $309,000. Dynasty Wealth Management LLC bought a new stake in Ollie's Bargain Outlet during the fourth quarter worth approximately $293,000. Pier Capital LLC boosted its holdings in Ollie's Bargain Outlet by 18.7% during the fourth quarter. Pier Capital LLC now owns 140,922 shares of the company’s stock worth $7,504,000 after buying an additional 22,154 shares in the last quarter. Finally, MetLife Investment Advisors LLC bought a new stake in Ollie's Bargain Outlet during the fourth quarter worth approximately $1,190,000. Hedge funds and other institutional investors own 91.36% 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.
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