Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Get Free Report)'s stock price gapped up prior to trading on Thursday . The stock had previously closed at $97.00, but opened at $100.96. Ollie's Bargain Outlet shares last traded at $101.71, with a volume of 196,382 shares.
Several brokerages have weighed in on OLLI. Truist Financial increased their price objective on Ollie's Bargain Outlet from $109.00 to $121.00 and gave the company a "buy" rating in a report on Wednesday, December 11th. JPMorgan Chase & Co. raised their price objective on shares of Ollie's Bargain Outlet from $105.00 to $135.00 and gave the stock an "overweight" rating in a report on Wednesday, December 11th. Bank of America increased their target price on Ollie's Bargain Outlet from $115.00 to $130.00 and gave the stock a "buy" rating in a research report on Wednesday, December 11th. Loop Capital lifted their target price on Ollie's Bargain Outlet from $120.00 to $130.00 and gave the company a "buy" rating in a report on Monday, December 23rd. Finally, Craig Hallum raised their price objective on shares of Ollie's Bargain Outlet from $107.00 to $130.00 and gave the company a "buy" rating in a research report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $118.62.
Read Our Latest Stock Analysis on Ollie's Bargain Outlet
The company has a fifty day simple moving average of $104.13 and a 200-day simple moving average of $98.56. The firm has a market cap of $6.25 billion, a P/E ratio of 30.46, a price-to-earnings-growth ratio of 2.63 and a beta of 0.82.
Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last posted its quarterly earnings results on Tuesday, December 10th. The company reported $0.58 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.01. Ollie's Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The business had revenue of $517.43 million for the quarter, compared to analysts' expectations of $518.83 million. During the same period last year, the firm earned $0.51 earnings per share. The business's quarterly revenue was up 7.8% on a year-over-year basis. As a group, research analysts forecast that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.
In related news, SVP Larry Kraus sold 10,646 shares of the business's stock in a transaction on Monday, December 16th. The shares were sold at an average price of $115.58, for a total value of $1,230,464.68. Following the sale, the senior vice president now owns 1,905 shares in the company, valued at approximately $220,179.90. The trade was a 84.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO John W. Swygert sold 4,032 shares of the stock in a transaction 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 owns 48,200 shares of the company's stock, valued at $4,940,982. This trade represents a 7.72 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 87,771 shares of company stock worth $9,650,832. 0.87% of the stock is owned by insiders.
A number of institutional investors have recently made changes to their positions in the business. D. E. Shaw & Co. Inc. increased its position in Ollie's Bargain Outlet by 953.2% during the second quarter. D. E. Shaw & Co. Inc. now owns 566,738 shares of the company's stock valued at $55,637,000 after acquiring an additional 512,928 shares during the last quarter. Holocene Advisors LP lifted its stake in Ollie's Bargain Outlet by 10,159.3% in the third quarter. Holocene Advisors LP now owns 471,413 shares of the company's stock worth $45,821,000 after purchasing an additional 466,818 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Ollie's Bargain Outlet by 155.8% during the third quarter. Wellington Management Group LLP now owns 483,044 shares of the company's stock valued at $46,952,000 after buying an additional 294,217 shares during the period. Loomis Sayles & Co. L P bought a new position in Ollie's Bargain Outlet in the 3rd quarter valued at $16,590,000. Finally, Victory Capital Management Inc. grew its stake in Ollie's Bargain Outlet by 84.8% in the 3rd quarter. Victory Capital Management Inc. now owns 313,836 shares of the company's stock worth $30,505,000 after acquiring an additional 143,996 shares in the last quarter.
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.
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