Ollie’s Bargain Outlet (NASDAQ:OLLI) Lowered to Hold Rating by Jefferies Financial Group

Jefferies Financial Group downgraded shares of Ollie’s Bargain Outlet (NASDAQ:OLLI) from a buy rating to a hold rating in a research note released on Tuesday, Marketbeat.com reports. Jefferies Financial Group currently has $111.00 price target on the stock, down from their prior price target of $125.00.

Several other research analysts have also recently issued reports on the company. JPMorgan Chase & Co. raised their price objective on Ollie’s Bargain Outlet from $105.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Wells Fargo & Company lifted their price objective on shares of Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 11th. Citigroup upgraded shares of Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and increased their price objective for the stock from $64.00 to $133.00 in a research note on Wednesday, December 18th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $130.00 price target on shares of Ollie’s Bargain Outlet in a report on Monday, December 23rd. Finally, Craig Hallum lifted their price objective on Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, Ollie’s Bargain Outlet has a consensus rating of “Moderate Buy” and an average price target of $118.07.

Ollie’s Bargain Outlet Stock Down 2.0 %

OLLI opened at $105.47 on Tuesday. The company has a market cap of $6.46 billion, a P/E ratio of 31.48, a price-to-earnings-growth ratio of 2.76 and a beta of 0.81. The firm’s 50-day moving average price is $108.63 and its 200-day moving average price is $99.58. Ollie’s Bargain Outlet has a 52-week low of $68.05 and a 52-week high of $120.03.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings results on Tuesday, December 10th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. Ollie’s Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. The business had revenue of $517.43 million during the quarter, compared to analysts’ expectations of $518.83 million. During the same quarter last year, the company posted $0.51 earnings per share. The business’s quarterly revenue was up 7.8% on a year-over-year basis. On average, research analysts anticipate that Ollie’s Bargain Outlet will post 3.29 EPS for the current fiscal year.

Insider Buying and Selling at Ollie’s Bargain Outlet

In other news, SVP Larry Kraus sold 10,646 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $115.58, for a total transaction of $1,230,464.68. Following the completion of the sale, the senior vice president now owns 1,905 shares of the company’s stock, valued at $220,179.90. This represents a 84.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John W. Swygert sold 4,032 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $102.51, for a total transaction of $413,320.32. Following the completion of the transaction, the chief executive officer now directly owns 48,200 shares in the company, valued at approximately $4,940,982. This represents a 7.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 87,771 shares of company stock valued at $9,650,832 over the last quarter. 0.87% of the stock is currently owned by insiders.

Institutional Trading of Ollie’s Bargain Outlet

A number of hedge funds have recently bought and sold shares of OLLI. Wilmington Savings Fund Society FSB grew its position in shares of Ollie’s Bargain Outlet by 337.0% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company’s stock valued at $26,000 after purchasing an additional 182 shares in the last quarter. Bogart Wealth LLC acquired a new stake in shares of Ollie’s Bargain Outlet in the 4th quarter worth $26,000. Blue Trust Inc. raised its holdings in shares of Ollie’s Bargain Outlet by 55.2% during the 4th quarter. Blue Trust Inc. now owns 284 shares of the company’s stock worth $31,000 after acquiring an additional 101 shares during the period. Arcadia Investment Management Corp MI acquired a new position in shares of Ollie’s Bargain Outlet during the 4th quarter valued at about $58,000. Finally, UMB Bank n.a. grew its holdings in shares of Ollie’s Bargain Outlet by 25.3% in the fourth quarter. UMB Bank n.a. now owns 545 shares of the company’s stock valued at $60,000 after purchasing an additional 110 shares during the period.

Ollie’s Bargain Outlet Company Profile

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.