Ollie’s Bargain Outlet (NASDAQ:OLLI) PT Raised to $58.00

Ollie's Bargain Outlet logoOllie’s Bargain Outlet (NASDAQ:OLLI – Get Rating) had its price target lifted by equities researchers at Loop Capital from £42.00 to £58.00 in a report issued on Thursday, The Fly reports. The firm presently has an “equal weight” rating on the stock. Loop Capital’s price objective suggests a potential downside of 0.17% from the company’s current price.

OLLI has been the subject of a number of other reports. The Goldman Sachs Group raised their target price on Ollie’s Bargain Outlet from £56.00 to £61.00 in a report on Wednesday. Craig Hallum dropped their price objective on shares of Ollie’s Bargain Outlet from £70.00 to £65.00 in a report on Thursday, December 8th.

Gordon Haskett downgraded shares of Ollie’s Bargain Outlet from a “buy” rating to an “accumulate” rating and set a £53.00 target price on the stock. in a research note on Thursday, December 8th. StockNews.com raised shares of Ollie’s Bargain Outlet from a “sell” rating to a “hold” rating in a research report on Wednesday, March 15th. Finally, Morgan Stanley upped their price objective on Ollie’s Bargain Outlet from £50.00 to £54.00 and gave the stock an “equal weight” rating in a research report on Thursday. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock.

According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of £62.13.

Ollie’s Bargain Outlet Stock Performance

Ollie’s Bargain Outlet stock opened at £58.10 on Thursday. The company’s 50 day simple moving average is £55.57 and its 200-day simple moving average is £54.60. Ollie’s Bargain Outlet has a 1 year low of £40.11 and a 1 year high of £72.27.

The company has a market capitalization of £3.62 billion, a price-to-earnings ratio of 38.73, a price-to-earnings-growth ratio of 1.85 and a beta of 0.96.

Ollie’s Bargain Outlet (NASDAQ:OLLI – Get Rating) last posted its earnings results on Wednesday, March 22nd. The company reported £0.84 earnings per share for the quarter, beating the consensus estimate of £0.80 by £0.04. Ollie’s Bargain Outlet had a net margin of 5.31% and a return on equity of 7.15%.

The firm had revenue of £549.80 million during the quarter, compared to the consensus estimate of £542.18 million. During the same quarter last year, the firm earned £0.69 EPS. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis.

Equities analysts expect that Ollie’s Bargain Outlet will post 2.54 earnings per share for the current year.

Institutional Investors Weigh In On Ollie’s Bargain Outlet

Several institutional investors have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD raised its holdings in Ollie’s Bargain Outlet by 14.9% during the second quarter.

Price T Rowe Associates Inc. MD now owns 4,006,215 shares of the company’s stock worth £235,365,000 after purchasing an additional 518,390 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Ollie’s Bargain Outlet by 21.0% in the third quarter.

Bank of New York Mellon Corp now owns 2,518,593 shares of the company’s stock valued at £129,961,000 after acquiring an additional 437,397 shares during the last quarter. State Street Corp boosted its stake in Ollie’s Bargain Outlet by 1.2% in the first quarter. State Street Corp now owns 1,691,148 shares of the company’s stock valued at £72,652,000 after acquiring an additional 19,381 shares in the last quarter.

Royal London Asset Management Ltd. boosted its stake in Ollie’s Bargain Outlet by 37.2% in the second quarter. Royal London Asset Management Ltd. now owns 1,318,101 shares of the company’s stock valued at £77,471,000 after acquiring an additional 357,499 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Ollie’s Bargain Outlet by 15.4% during the fourth quarter.

Dimensional Fund Advisors LP now owns 1,249,204 shares of the company’s stock worth £58,512,000 after purchasing an additional 166,293 shares during the last quarter.

About Ollie’s Bargain Outlet

(Get Rating) Ollie’s Bargain Outlet Holdings, Inc is a holding company, which engages in the retail of closeouts, excess inventory, and salvage merchandise. It offers overstocks, package changes, manufacturer refurbished goods, and irregulars.

The company’s products include housewares, food, books and stationery, bed and bath, floor coverings, electronics and toys.

Featured Articles

The Fly logo

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

Receive News & Ratings for Ollie’s Bargain Outlet Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Ollie’s Bargain Outlet and related companies with MarketBeat.com’s FREE daily email newsletter.

Tags:

camper listed on couponmatrix.ukconfusedcom listed on couponmatrix.ukglasgow-airport-parking listed on couponmatrix.ukinghams listed on couponmatrix.uklululemon listed on couponmatrix.ukrutland-cycling listed on couponmatrix.uk
camper listed on couponmatrix.ukLooking for a bargain on your next outdoor escapade? Check out our latest Camper discount code and vouchers and could save big on a new set of shoes! Whether you're looking for a new pair of shoes or a sazzy set of sandals for the beach abroad, we've got you covered so you can traverse wherever the world takes you without breaking the bank At Groupon, we know that saving money is important to our customers. That's why we work hard to find the best bargains on Camper shoes/ We want you to be able to get the products you need at a price you can afford, so we'll always try to help you save as much as possible. Be it Black Friday or your average Tuesday, trust Groupon to provide the savings you need on shoes you'll love. One of Camper's top-selling products is the Koborah sandal, ideal for sunny escapades both at home and abroad. If you're shopping for something more formal, we make it easy to save money on a variety of different Camper products with the latest vouchers. If you're looking for a way to save money on your next purchase, there's always a great cost-cutting option at Groupon!
confusedcom listed on couponmatrix.ukNo one’s more clued up than Confused.com when it comes to finding the cheapest insurance. You can compare hundreds of insurance providers, as well as home utilities services and mortgages, within seconds – making every step of life a tad more affordable. The website is packed with handy tips to keep your expenditure down, and when you’ve found the best price you can use a Confused discount code from Groupon to ensure you never have to overspend on the things you need.
glasgow-airport-parking listed on couponmatrix.ukPut your holiday first and your vehicle security a close second with a quick booking at Glasgow Airport Parking. Hosting services for long-weekend holiday goers, family travels, business trips and more, be sure to get yourself the best rate possible with a Glasgow Airport Parking discount code and enjoy some extra cash to flush abroad. Whether you’re looking for convenience or affordability, Glasgow Airport has both in ample supply.
inghams listed on couponmatrix.ukExperts in ski and snowboard holidays, Inghams has been offering thrill-seekers and slope-lovers exciting holiday packages for over 85 years. Flying from 16 local airports nationwide, your next big adventure is closer than you might think. Book your dream holiday with an Inghams discount code and enjoy an extended break for a fraction of the price. From Austria and France to Japan and Canada, there's an exciting trip just waiting to be discovered by you.
lululemon listed on couponmatrix.ukLululemon needs no introduction—this iconic sportswear brand has been making waves across the globe for more than 20 years. Shop innovative designs made from high-tech fabrics, designed to support you while you sweat! Whether you’re hitting the tennis court or stretching out on a yoga mat, a Lululemon discount code will help cut the cost of your haul. We love loungewear that takes you from workout to weekend, and with these great deals you won’t have to pay full price.
rutland-cycling listed on couponmatrix.ukRutland Cycling started life in 1981 as a cycle hire cabin at Rutland Water, Oakham. Since those earnest beginnings the company has grown into a leading player in the Britain’s competitive cycle hire and retail industry. Groupon’s selection of Rutland Cycling discount codes can help you save money when addressing your cycling needs.