Ollie’s Bargain Outlet Holdings, Inc. (OLLI) Earns “Buy” Rating from Jefferies Group LLC

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)‘s stock had its “buy” rating restated by equities researchers at Jefferies Group LLC in a research note issued on Wednesday. They currently have a $48.00 target price on the stock. Jefferies Group LLC’s price target points to a potential upside of 10.34% from the company’s current price.

Other equities research analysts have also issued research reports about the stock. BidaskClub raised shares of Ollie’s Bargain Outlet Holdings from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 5th. TheStreet upgraded Ollie’s Bargain Outlet Holdings from a “c” rating to a “b-” rating in a research note on Monday, July 17th. Credit Suisse Group reiterated a “hold” rating on shares of Ollie’s Bargain Outlet Holdings in a research note on Sunday, June 4th. Royal Bank Of Canada reiterated a “buy” rating and set a $37.00 price objective on shares of Ollie’s Bargain Outlet Holdings in a research note on Thursday, May 25th. Finally, Zacks Investment Research downgraded Ollie’s Bargain Outlet Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $41.80.

Shares of Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) traded up 0.92% during midday trading on Wednesday, hitting $43.90. 450,798 shares of the company were exchanged. The firm has a market capitalization of $2.68 billion, a price-to-earnings ratio of 41.42 and a beta of 0.15. The firm’s 50 day moving average price is $43.74 and its 200 day moving average price is $38.28. Ollie’s Bargain Outlet Holdings has a one year low of $24.12 and a one year high of $46.08.

Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) last released its quarterly earnings results on Wednesday, May 31st. The company reported $0.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.02. Ollie’s Bargain Outlet Holdings had a net margin of 7.25% and a return on equity of 10.11%. The firm had revenue of $227.60 million during the quarter, compared to analyst estimates of $220.56 million. During the same quarter in the prior year, the firm earned $0.20 EPS. The business’s revenue for the quarter was up 17.5% compared to the same quarter last year. Analysts forecast that Ollie’s Bargain Outlet Holdings will post $1.17 EPS for the current fiscal year.

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In other news, CEO Mark L. Butler sold 58,124 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $45.04, for a total transaction of $2,617,904.96. Following the sale, the chief executive officer now directly owns 4,886,728 shares of the company’s stock, valued at approximately $220,098,229.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mark L. Butler sold 285,623 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $45.19, for a total value of $12,907,303.37. Following the sale, the chief executive officer now directly owns 5,038,224 shares in the company, valued at $227,677,342.56. The disclosure for this sale can be found here. Insiders sold a total of 494,233 shares of company stock valued at $22,241,680 over the last 90 days. 22.25% of the stock is currently owned by corporate insiders.

Several hedge funds have recently modified their holdings of OLLI. Teachers Advisors LLC boosted its stake in shares of Ollie’s Bargain Outlet Holdings by 2.6% in the fourth quarter. Teachers Advisors LLC now owns 32,999 shares of the company’s stock valued at $939,000 after buying an additional 828 shares during the period. Louisiana State Employees Retirement System boosted its stake in shares of Ollie’s Bargain Outlet Holdings by 2.1% in the first quarter. Louisiana State Employees Retirement System now owns 19,500 shares of the company’s stock valued at $653,000 after buying an additional 400 shares during the period. Nisa Investment Advisors LLC purchased a new stake in shares of Ollie’s Bargain Outlet Holdings during the first quarter valued at about $235,000. State of Alaska Department of Revenue boosted its stake in shares of Ollie’s Bargain Outlet Holdings by 2.9% in the first quarter. State of Alaska Department of Revenue now owns 5,280 shares of the company’s stock valued at $176,000 after buying an additional 150 shares during the period. Finally, Profund Advisors LLC purchased a new stake in shares of Ollie’s Bargain Outlet Holdings during the first quarter valued at about $225,000. 92.90% of the stock is currently owned by institutional investors and hedge funds.

About Ollie’s Bargain Outlet Holdings

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.