Ollie’s Bargain Outlet (NASDAQ:OLLI – Get Rating) was upgraded by equities research analysts at Craig Hallum from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday, The Fly reports.
Other equities research analysts have also issued research reports about the stock. Truist Financial reduced their price target on shares of Ollie’s Bargain Outlet from $41.00 to $38.00 and set a “hold” rating for the company in a report on Thursday, May 19th. JPMorgan Chase & Co. reduced their price objective on shares of Ollie’s Bargain Outlet from $45.00 to $39.00 in a research note on Tuesday, May 10th. Royal Bank of Canada reduced their price objective on shares of Ollie’s Bargain Outlet from $51.00 to $47.00 and set a “sector perform” rating for the company in a research note on Thursday, March 24th. StockNews.com started coverage on shares of Ollie’s Bargain Outlet in a research note on Thursday, March 31st. They set a “hold” rating for the company. Finally, KeyCorp reduced their price objective on shares of Ollie’s Bargain Outlet from $83.00 to $75.00 and set an “overweight” rating for the company in a research note on Thursday, March 24th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $57.69.
Ollie’s Bargain Outlet stock traded up $2.61 during trading hours on Wednesday, hitting $53.60. The company had a trading volume of 149,557 shares, compared to its average volume of 1,618,252. The firm has a market cap of $3.36 billion, a P/E ratio of 22.06, a P/E/G ratio of 1.34 and a beta of 1.10. Ollie’s Bargain Outlet has a 1 year low of $37.67 and a 1 year high of $95.43. The company has a 50-day moving average price of $48.02 and a two-hundred day moving average price of $47.80.
Ollie’s Bargain Outlet (NASDAQ:OLLI – Get Rating) last released its quarterly earnings data on Wednesday, March 23rd. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.01. Ollie’s Bargain Outlet had a net margin of 8.98% and a return on equity of 11.47%. The company had revenue of $501.14 million during the quarter, compared to analysts’ expectations of $518.72 million. During the same period in the previous year, the company earned $0.97 EPS. The firm’s quarterly revenue was down 2.8% on a year-over-year basis. Research analysts forecast that Ollie’s Bargain Outlet will post 2.1 EPS for the current fiscal year.
Several hedge funds have recently added to or reduced their stakes in the company. Morgan Stanley boosted its holdings in Ollie’s Bargain Outlet by 39.9% during the second quarter. Morgan Stanley now owns 255,846 shares of the company’s stock worth $21,524,000 after buying an additional 72,916 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Ollie’s Bargain Outlet by 3.5% during the third quarter. Geode Capital Management LLC now owns 797,399 shares of the company’s stock worth $48,067,000 after buying an additional 26,955 shares in the last quarter. Credit Suisse AG boosted its holdings in Ollie’s Bargain Outlet by 3.4% during the third quarter. Credit Suisse AG now owns 66,669 shares of the company’s stock worth $4,019,000 after buying an additional 2,167 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Ollie’s Bargain Outlet by 12.3% during the third quarter. The Manufacturers Life Insurance Company now owns 70,012 shares of the company’s stock worth $4,220,000 after buying an additional 7,645 shares in the last quarter. Finally, Natixis purchased a new stake in Ollie’s Bargain Outlet during the third quarter worth $1,543,000.
About Ollie’s Bargain Outlet (Get Rating)
Ollie’s Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise. 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.