Ollie's Bargain Outlet (OLLI) Upgraded to Strong-Buy by BidaskClub

BidaskClub upgraded shares of Ollie's Bargain Outlet (NASDAQ:OLLI) from a buy rating to a strong-buy rating in a report released on Tuesday.

OLLI has been the subject of a number of other research reports. Zacks Investment Research downgraded shares of Ollie's Bargain Outlet from a buy rating to a hold rating in a report on Thursday, March 8th. Piper Jaffray restated a buy rating and set a $71.00 price target on shares of Ollie's Bargain Outlet in a report on Tuesday, January 9th. Morgan Stanley set a $48.00 price target on shares of Ollie's Bargain Outlet and gave the stock a hold rating in a report on Thursday, December 7th. Jefferies Group raised their price target on shares of Ollie's Bargain Outlet to $57.00 and gave the stock a buy rating in a report on Tuesday, December 5th. Finally, Stephens restated an overweight rating and set a $56.00 price target (up previously from $54.00) on shares of Ollie's Bargain Outlet in a report on Monday, January 8th. One analyst has rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $55.92.

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OLLI stock opened at $59.70 on Tuesday. The stock has a market capitalization of $3,727.17, a price-to-earnings ratio of 46.85, a price-to-earnings-growth ratio of 1.56 and a beta of 0.14. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.53 and a quick ratio of 0.36. Ollie's Bargain Outlet has a 12 month low of $33.20 and a 12 month high of $62.05.

Ollie's Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings data on Wednesday, April 4th. The company reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.02. The company had revenue of $356.70 million during the quarter, compared to the consensus estimate of $349.93 million. Ollie's Bargain Outlet had a net margin of 11.85% and a return on equity of 11.62%. Ollie's Bargain Outlet’s quarterly revenue was up 25.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.39 EPS. sell-side analysts expect that Ollie's Bargain Outlet will post 1.66 earnings per share for the current year.

In related news, VP Howard Freedman sold 8,300 shares of the 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 transaction, the vice president now owns 34,670 shares of the company’s stock, valued at approximately $2,048,303.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO John W. Swygert sold 50,000 shares of the stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $59.32, for a total transaction of $2,966,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 95,742 shares of company stock valued at $5,567,718 in the last ninety days. 22.25% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Ollie's Bargain Outlet by 50.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,972 shares of the company’s stock worth $158,000 after purchasing an additional 992 shares during the period. Navellier & Associates Inc purchased a new position in shares of Ollie's Bargain Outlet during the 4th quarter worth approximately $201,000. First Heartland Consultants Inc. purchased a new position in Ollie's Bargain Outlet in the 3rd quarter valued at approximately $207,000. Shelton Capital Management purchased a new position in Ollie's Bargain Outlet in the 3rd quarter valued at approximately $213,000. Finally, Stone Ridge Asset Management LLC purchased a new position in Ollie's Bargain Outlet in the 4th quarter valued at approximately $234,000. 91.77% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Ollie's Bargain Outlet (NASDAQ:OLLI)

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