Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) reached a new 52-week high during trading on Friday . The stock traded as high as $45.15 and last traded at $45.15, with a volume of 170,799 shares changing hands. The stock had previously closed at $44.80.
OLLI has been the subject of several research reports. Zacks Investment Research upgraded shares of Ollie’s Bargain Outlet Holdings from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a research report on Friday, March 31st. MKM Partners reiterated a “buy” rating and issued a $39.00 price target (up previously from $34.00) on shares of Ollie’s Bargain Outlet Holdings in a research report on Friday, March 31st. Royal Bank Of Canada reiterated a “buy” rating and issued a $37.00 price target on shares of Ollie’s Bargain Outlet Holdings in a research report on Thursday, May 25th. Piper Jaffray Companies set a $48.00 price target on shares of Ollie’s Bargain Outlet Holdings and gave the company a “buy” rating in a research report on Thursday, June 1st. Finally, Credit Suisse Group reiterated a “hold” rating on shares of Ollie’s Bargain Outlet Holdings in a research report on Sunday, June 4th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Ollie’s Bargain Outlet Holdings presently has an average rating of “Buy” and a consensus target price of $39.60.
The stock’s 50-day moving average is $42.20 and its 200 day moving average is $36.55. The stock has a market cap of $2.76 billion, a P/E ratio of 42.64 and a beta of 0.14.
Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) last posted its earnings results on Wednesday, May 31st. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. The company had revenue of $227.60 million for the quarter, compared to analysts’ expectations of $220.56 million. Ollie’s Bargain Outlet Holdings had a return on equity of 10.11% and a net margin of 7.25%. The firm’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same period last year, the business posted $0.20 earnings per share. Equities analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post $1.17 earnings per share for the current fiscal year.
In other Ollie’s Bargain Outlet Holdings news, VP Kenneth Robert Bertram sold 6,000 shares of the firm’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $43.25, for a total value of $259,500.00. Following the sale, the vice president now directly owns 6,000 shares in the company, valued at $259,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Kevin Mclain sold 20,000 shares of the firm’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $43.05, for a total value of $861,000.00. Following the completion of the sale, the senior vice president now owns 20,000 shares in the company, valued at $861,000. The disclosure for this sale can be found here. Insiders sold 36,500 shares of company stock worth $1,570,005 over the last quarter. 22.25% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the stock. First National Bank of Omaha boosted its stake in shares of Ollie’s Bargain Outlet Holdings by 31.2% in the first quarter. First National Bank of Omaha now owns 28,514 shares of the company’s stock worth $955,000 after buying an additional 6,785 shares in the last quarter. Great West Life Assurance Co. Can boosted its stake in shares of Ollie’s Bargain Outlet Holdings by 12.3% in the first quarter. Great West Life Assurance Co. Can now owns 68,405 shares of the company’s stock worth $2,292,000 after buying an additional 7,513 shares in the last quarter. US Bancorp DE boosted its stake in shares of Ollie’s Bargain Outlet Holdings by 6.4% in the first quarter. US Bancorp DE now owns 69,732 shares of the company’s stock worth $2,337,000 after buying an additional 4,167 shares in the last quarter. Independent Portfolio Consultants Inc. bought a new stake in shares of Ollie’s Bargain Outlet Holdings during the first quarter worth $619,000. Finally, Guggenheim Capital LLC boosted its stake in shares of Ollie’s Bargain Outlet Holdings by 131.8% in the fourth quarter. Guggenheim Capital LLC now owns 66,052 shares of the company’s stock worth $1,879,000 after buying an additional 37,552 shares in the last quarter. Institutional investors own 94.93% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “Ollie’s Bargain Outlet Holdings, Inc. (OLLI) Reaches New 12-Month High at $45.15” was first published by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this news story on another domain, it was copied illegally and republished in violation of US and international copyright law. The legal version of this news story can be accessed at https://stocknewstimes.com/2017/07/28/ollies-bargain-outlet-holdings-inc-olli-reaches-new-12-month-high-at-45-15.html.
Ollie’s Bargain Outlet Holdings Company Profile
Ollie’s Bargain Outlet Holdings, Inc is a retailer of brand name merchandise. The Company offers customers a selection of brand name products, including food, housewares, books and stationery, bed and bath, floor coverings, electronics and toys. Its warehouse format stores feature a range of products, including hardware, personal healthcare, candy, clothing, sporting goods, pet and lawn and garden products.
Receive News & Ratings for Ollie's Bargain Outlet Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ollie's Bargain Outlet Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
