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.
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.
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.
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