BidaskClub cut shares of Ollie's Bargain Outlet (NASDAQ:OLLI) from a strong-buy rating to a buy rating in a research report sent to investors on Saturday morning.
Several other equities research analysts also recently issued reports on OLLI. Citigroup initiated coverage on Ollie's Bargain Outlet in a research report on Friday, November 17th. They set a sell rating and a $39.00 target price on the stock. Jefferies Group increased their target price on Ollie's Bargain Outlet to $57.00 and gave the stock a buy rating in a research report on Tuesday, December 5th. Zacks Investment Research upgraded Ollie's Bargain Outlet from a hold rating to a buy rating and set a $57.00 target price on the stock in a research report on Thursday, December 7th. Piper Jaffray Companies restated an overweight rating and set a $61.00 target price on shares of Ollie's Bargain Outlet in a research report on Thursday, December 7th. Finally, KeyCorp restated a buy rating and set a $55.00 target price (up previously from $50.00) on shares of Ollie's Bargain Outlet in a research report on Thursday, December 7th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $51.54.
Shares of Ollie's Bargain Outlet (OLLI) opened at $59.15 on Friday. The stock has a market capitalization of $3,650.00 and a price-to-earnings ratio of 46.21. Ollie's Bargain Outlet has a 12-month low of $31.00 and a 12-month 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.
Several hedge funds have recently modified their holdings of the stock. BlackRock Inc. raised its position in shares of Ollie's Bargain Outlet by 3.1% in the fourth quarter. BlackRock Inc. now owns 6,057,562 shares of the company’s stock worth $322,567,000 after buying an additional 179,875 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in Ollie's Bargain Outlet by 22.8% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,640,797 shares of the company’s stock valued at $122,533,000 after acquiring an additional 490,295 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Ollie's Bargain Outlet by 3.4% in the third quarter. Bank of New York Mellon Corp now owns 1,233,793 shares of the company’s stock valued at $57,249,000 after acquiring an additional 40,566 shares during the last quarter. Carillon Tower Advisers Inc. bought a new position in Ollie's Bargain Outlet in the fourth quarter valued at $58,331,000. Finally, Dimensional Fund Advisors LP increased its stake in Ollie's Bargain Outlet by 3.5% in the third quarter. Dimensional Fund Advisors LP now owns 913,221 shares of the company’s stock valued at $42,372,000 after acquiring an additional 30,822 shares during the last quarter. Institutional investors own 91.78% 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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