Morgan Stanley set a $89.00 target price on Ollie’s Bargain Outlet (NASDAQ:OLLI) in a report released on Tuesday, TipRanks reports. The brokerage currently has a hold rating on the stock.

A number of other research firms have also recently weighed in on OLLI. BidaskClub cut Ollie’s Bargain Outlet from a strong-buy rating to a buy rating in a report on Tuesday, March 5th. Credit Suisse Group boosted their price target on Ollie’s Bargain Outlet from $89.00 to $103.00 and gave the stock an outperform rating in a report on Tuesday, May 14th. They noted that the move was a valuation call. Dougherty & Co initiated coverage on Ollie’s Bargain Outlet in a report on Thursday, May 23rd. They issued a buy rating and a $115.00 price target for the company. Finally, Zacks Investment Research cut Ollie’s Bargain Outlet from a buy rating to a hold rating and set a $101.00 price target for the company. in a report on Tuesday, June 4th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $93.79.

Shares of OLLI stock opened at $96.00 on Tuesday. The firm has a market cap of $6.16 billion, a P/E ratio of 52.46, a PEG ratio of 1.85 and a beta of 0.94. Ollie’s Bargain Outlet has a 1 year low of $59.72 and a 1 year high of $103.03. The company has a quick ratio of 0.31, a current ratio of 1.86 and a debt-to-equity ratio of 0.23.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings results on Thursday, June 6th. The company reported $0.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.02. Ollie’s Bargain Outlet had a return on equity of 13.49% and a net margin of 11.10%. The company had revenue of $324.90 million during the quarter, compared to analysts’ expectations of $319.24 million. During the same period in the previous year, the firm posted $0.41 earnings per share. The business’s revenue for the quarter was up 17.8% compared to the same quarter last year. As a group, research analysts predict that Ollie’s Bargain Outlet will post 2.15 earnings per share for the current year.

In related news, COO John W. Swygert sold 50,000 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $79.23, for a total value of $3,961,500.00. Following the completion of the transaction, the chief operating officer now directly owns 52,349 shares in the company, valued at $4,147,611.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jay Stasz sold 12,500 shares of the company’s stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $95.00, for a total value of $1,187,500.00. Following the completion of the transaction, the chief financial officer now owns 22,903 shares of the company’s stock, valued at $2,175,785. The disclosure for this sale can be found here. Over the last three months, insiders sold 148,979 shares of company stock valued at $12,454,617. Insiders own 16.36% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Manchester Capital Management LLC acquired a new position in Ollie’s Bargain Outlet in the first quarter valued at $69,000. Mitsubishi UFJ Securities Holdings Co. Ltd. acquired a new position in Ollie’s Bargain Outlet in the first quarter valued at $93,000. Advisory Services Network LLC increased its stake in Ollie’s Bargain Outlet by 241.8% in the first quarter. Advisory Services Network LLC now owns 1,258 shares of the company’s stock valued at $107,000 after purchasing an additional 890 shares during the last quarter. Rehmann Capital Advisory Group increased its stake in Ollie’s Bargain Outlet by 796.7% in the fourth quarter. Rehmann Capital Advisory Group now owns 1,883 shares of the company’s stock valued at $125,000 after purchasing an additional 1,673 shares during the last quarter. Finally, Bank of Montreal Can increased its stake in Ollie’s Bargain Outlet by 11.8% in the fourth quarter. Bank of Montreal Can now owns 2,059 shares of the company’s stock valued at $136,000 after purchasing an additional 218 shares during the last quarter. Hedge funds and other institutional investors own 90.45% of the company’s stock.

Ollie’s Bargain Outlet Company Profile

Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise. The company offers food products, housewares, books and stationery, bed and bath products, health and beauty products, floor coverings, electronics, and toys; and other products, including hardware, personal health care, candy, clothing, sporting, pet and lawn, and garden products.

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Analyst Recommendations for Ollie`s Bargain Outlet (NASDAQ:OLLI)

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