1 week Ago By ABMN Staff
Ollie’s Bargain Outlet ( NASDAQ:OLLI – Get Free Report ) had its target price raised by Craig Hallum from $107.00 to $130.00 in a research note issued to investors on Wednesday, Benzinga reports.
The firm currently has a “buy” rating on the stock. Craig Hallum’s price objective suggests a potential upside of 16.92% from the company’s current price.
Other analysts have also issued reports about the company. Wells Fargo & Company lowered Ollie’s Bargain Outlet from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $100.00 to $95.
00 in a report on Tuesday, December 3rd. Royal Bank of Canada increased their price objective on Ollie’s Bargain Outlet from $120.00 to $130.
00 and gave the stock an “outperform” rating in a report on Wednesday. Piper Sandler increased their price objective on Ollie’s Bargain Outlet from $107.00 to $126.
00 and gave the stock an “overweight” rating in a report on Wednesday. Loop Capital reiterated a “buy” rating and set a $110.00 price objective on shares of Ollie’s Bargain Outlet in a report on Friday, September 20th.
Finally, UBS Group increased their price objective on Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the stock a “neutral” rating in a report on Friday, August 30th.
One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Ollie’s Bargain Outlet has a consensus rating of “Moderate Buy” and a consensus price target of $116.58.
Check Out Our Latest Stock Report on OLLI Ollie’s Bargain Outlet Stock Down 2.0 % Ollie’s Bargain Outlet ( NASDAQ:OLLI – Get Free Report ) last released its earnings results on Tuesday, December 10th. The company reported $0.
58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01.
The company had revenue of $517.43 million during the quarter, compared to analyst estimates of $518.83 million.
Ollie’s Bargain Outlet had a return on equity of 13.27% and a net margin of 9.19%.
The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.
51 earnings per share. On average, analysts expect that Ollie’s Bargain Outlet will post 3.27 earnings per share for the current fiscal year.
Insider Activity at Ollie’s Bargain Outlet In other news, President Der Valk Eric Van sold 7,479 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $100.32, for a total value of $750,293.
28. Following the sale, the president now directly owns 5,615 shares in the company, valued at approximately $563,296.80.
This represents a 57.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link .
Also, SVP Kevin Mclain sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $98.99, for a total value of $1,484,850.
00. Following the completion of the sale, the senior vice president now owns 10,610 shares in the company, valued at approximately $1,050,283.90.
This represents a 58.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
Insiders have sold 95,755 shares of company stock worth $10,165,712 over the last three months. Company insiders own 0.87% of the company’s stock.
Institutional Investors Weigh In On Ollie’s Bargain Outlet Several large investors have recently modified their holdings of OLLI. D. E.
Shaw & Co. Inc. grew its stake in shares of Ollie’s Bargain Outlet by 953.
2% in the 2nd quarter. D. E.
Shaw & Co. Inc. now owns 566,738 shares of the company’s stock valued at $55,637,000 after purchasing an additional 512,928 shares during the period.
Holocene Advisors LP boosted its holdings in shares of Ollie’s Bargain Outlet by 10,159.3% in the 3rd quarter. Holocene Advisors LP now owns 471,413 shares of the company’s stock worth $45,821,000 after acquiring an additional 466,818 shares in the last quarter.
Los Angeles Capital Management LLC boosted its holdings in shares of Ollie’s Bargain Outlet by 199.3% in the 2nd quarter. Los Angeles Capital Management LLC now owns 560,054 shares of the company’s stock worth $54,981,000 after acquiring an additional 372,914 shares in the last quarter.
Wellington Management Group LLP boosted its holdings in shares of Ollie’s Bargain Outlet by 155.8% in the 3rd quarter. Wellington Management Group LLP now owns 483,044 shares of the company’s stock worth $46,952,000 after acquiring an additional 294,217 shares in the last quarter.
Finally, Loomis Sayles & Co. L P acquired a new position in shares of Ollie’s Bargain Outlet in the 3rd quarter worth approximately $16,590,000. Ollie’s Bargain Outlet Company Profile ( Get Free Report ) Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise in the United States.
The company offers housewares, bed and bath, food, floor coverings, health and beauty aids, books and stationery, toys, and electronics; and other products, including hardware, candy, clothing, sporting goods, pet and lawn, and garden products. Featured Stories Receive News & Ratings for Ollie's Bargain Outlet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ollie's Bargain Outlet and related companies with MarketBeat.com's FREE daily email newsletter .
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