Ollie's Bargain Outlet (OLLI) Price Target Raised to $65.00

Ollie's Bargain Outlet (NASDAQ:OLLI) had its price target increased by KeyCorp from $60.00 to $65.00 in a report released on Thursday, MarketBeat Ratings reports. They currently have an overweight rating on the stock. KeyCorp also issued estimates for Ollie's Bargain Outlet’s Q1 2019 earnings at $0.38 EPS, Q2 2019 earnings at $0.36 EPS, Q3 2019 earnings at $0.31 EPS, Q4 2019 earnings at $0.63 EPS and FY2020 earnings at $1.95 EPS.

A number of other brokerages also recently issued reports on OLLI. Zacks Investment Research downgraded Ollie's Bargain Outlet from a buy rating to a hold rating in a research note on Thursday, March 8th. BidaskClub raised Ollie's Bargain Outlet from a buy rating to a strong-buy rating in a research note on Tuesday, April 3rd. Piper Jaffray reissued a buy rating and issued a $71.00 price objective on shares of Ollie's Bargain Outlet in a research note on Tuesday, January 9th. Morgan Stanley set a $48.00 target price on Ollie's Bargain Outlet and gave the company a hold rating in a research report on Thursday, December 7th. Finally, Stephens reaffirmed an overweight rating and issued a $56.00 target price (up from $54.00) on shares of Ollie's Bargain Outlet in a research report on Monday, January 8th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $55.92.

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Shares of NASDAQ:OLLI opened at $58.95 on Thursday. The stock has a market capitalization of $3,666.87, a PE ratio of 47.16, a price-to-earnings-growth ratio of 1.50 and a beta of 0.14. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.36 and a current ratio of 2.22. Ollie's Bargain Outlet has a 1 year low of $33.20 and a 1 year high of $62.05.

Ollie's Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data on Wednesday, April 4th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.02. The company had revenue of $356.70 million for the quarter, compared to the consensus estimate of $349.93 million. Ollie's Bargain Outlet had a return on equity of 11.23% and a net margin of 11.85%. The firm’s revenue was up 25.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.39 EPS. equities research analysts forecast that Ollie's Bargain Outlet will post 1.67 EPS for the current fiscal year.

In other Ollie's Bargain Outlet news, VP Kenneth Robert Bertram sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 20th. The stock was sold at an average price of $59.65, for a total transaction of $238,600.00. Following the completion of the sale, the vice president now directly owns 7,958 shares of the company’s stock, valued at approximately $474,694.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas Hendrickson sold 9,116 shares of the business’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $55.76, for a total value of $508,308.16. Following the sale, the director now directly owns 1,233 shares of the company’s stock, valued at $68,752.08. The disclosure for this sale can be found here. Insiders sold a total of 95,742 shares of company stock valued at $5,567,718 over the last ninety days. 22.25% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in 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 in the last quarter. First Mercantile Trust Co. increased its holdings in Ollie's Bargain Outlet by 18.9% during the 4th quarter. First Mercantile Trust Co. now owns 6,254 shares of the company’s stock worth $333,000 after purchasing an additional 994 shares in the last quarter. Profund Advisors LLC increased its holdings in Ollie's Bargain Outlet by 17.5% during the 4th quarter. Profund Advisors LLC now owns 7,429 shares of the company’s stock worth $396,000 after purchasing an additional 1,107 shares in the last quarter. Louisiana State Employees Retirement System increased its holdings in Ollie's Bargain Outlet by 6.0% during the 4th quarter. Louisiana State Employees Retirement System now owns 21,100 shares of the company’s stock worth $1,124,000 after purchasing an additional 1,200 shares in the last quarter. Finally, Brown Advisory Inc. increased its holdings in Ollie's Bargain Outlet by 17.2% during the 4th quarter. Brown Advisory Inc. now owns 10,421 shares of the company’s stock worth $555,000 after purchasing an additional 1,532 shares in the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

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Ollie's Bargain Outlet 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 (NASDAQ:OLLI)

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