1 week Ago By ABMN Staff
Ollie’s Bargain Outlet ( NASDAQ:OLLI – Get Free Report ) had its target price boosted by investment analysts at Royal Bank of Canada from $120.00 to $130.00 in a research note issued to investors on Wednesday, Benzinga reports.
The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective would suggest a potential upside of 16.92% from the company’s current price.
A number of other research firms have also commented on OLLI. Wells Fargo & Company lowered shares of Ollie’s Bargain Outlet from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $100.00 to $95.
00 in a research report on Tuesday, December 3rd. UBS Group raised their price target on shares of Ollie’s Bargain Outlet from $97.00 to $99.
00 and gave the stock a “neutral” rating in a research report on Friday, August 30th. Bank of America raised their price target on shares of Ollie’s Bargain Outlet from $102.00 to $115.
00 and gave the stock a “buy” rating in a research report on Monday, September 30th. StockNews.com lowered shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research report on Tuesday, October 22nd.
Finally, Loop Capital reissued a “buy” rating and issued a $110.00 target price on shares of Ollie’s Bargain Outlet in a report on Friday, September 20th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the stock.
Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $116.58.
Read Our Latest Stock Report on Ollie’s Bargain Outlet Ollie’s Bargain Outlet Trading Down 2.0 % Ollie’s Bargain Outlet ( NASDAQ:OLLI – Get Free Report ) last issued its quarterly earnings data on Tuesday, December 10th. The company reported $0.
58 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.01.
The company had revenue of $517.43 million for the quarter, compared to analyst estimates of $518.83 million.
Ollie’s Bargain Outlet had a net margin of 9.19% and a return on equity of 13.27%.
The company’s revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.
51 earnings per share. On average, research analysts anticipate that Ollie’s Bargain Outlet will post 3.27 EPS for the current fiscal year.
Insider Activity In other Ollie’s Bargain Outlet news, SVP Kevin Mclain sold 15,000 shares of the firm’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 transaction of $1,484,850.
00. Following the completion of the transaction, the senior vice president now owns 10,610 shares of the company’s stock, valued at approximately $1,050,283.90.
This trade represents a 58.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link .
Also, CEO John W. Swygert sold 4,032 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $102.
51, for a total transaction of $413,320.32. Following the transaction, the chief executive officer now directly owns 48,200 shares of the company’s stock, valued at $4,940,982.
This represents a 7.72 % decrease in their position. The disclosure for this sale can be found here .
Over the last ninety days, insiders sold 95,755 shares of company stock valued at $10,165,712. Insiders own 0.87% of the company’s stock.
Institutional Investors Weigh In On Ollie’s Bargain Outlet A number of institutional investors have recently made changes to their positions in the company. Sanctuary Advisors LLC grew its holdings in shares of Ollie’s Bargain Outlet by 464.8% during the third quarter.
Sanctuary Advisors LLC now owns 17,135 shares of the company’s stock valued at $1,621,000 after buying an additional 14,101 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Ollie’s Bargain Outlet during the third quarter valued at approximately $969,000. Geode Capital Management LLC grew its holdings in shares of Ollie’s Bargain Outlet by 0.
9% during the third quarter. Geode Capital Management LLC now owns 1,078,544 shares of the company’s stock valued at $104,860,000 after buying an additional 9,492 shares during the last quarter. Bullseye Asset Management LLC boosted its holdings in Ollie’s Bargain Outlet by 1.
8% in the third quarter. Bullseye Asset Management LLC now owns 55,274 shares of the company’s stock worth $5,373,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Barclays PLC boosted its holdings in Ollie’s Bargain Outlet by 59.
2% in the third quarter. Barclays PLC now owns 41,307 shares of the company’s stock worth $4,014,000 after purchasing an additional 15,357 shares during the last quarter. 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 .
.
