Ollie’s Bargain Outlet (NASDAQ:OLLI) PT Raised to $59.00 at Truist Financial

Ollie's Bargain Outlet logoOllie’s Bargain Outlet (NASDAQ:OLLI – Get Rating) had its target price hoisted by equities researchers at Truist Financial from £46.00 to £59.00 in a report issued on Thursday, The Fly reports. The brokerage presently has a “hold” rating on the stock. Truist Financial’s price objective indicates a potential upside of 1.55% from the company’s current price.

A number of other research firms also recently commented on OLLI. Gordon Haskett downgraded shares of Ollie’s Bargain Outlet from a “buy” rating to an “accumulate” rating and set a £53.00 price target on the stock. in a research report on Thursday, December 8th. The Goldman Sachs Group lifted their target price on Ollie’s Bargain Outlet from £56.00 to £61.00 in a report on Wednesday. StockNews.com raised Ollie’s Bargain Outlet from a “sell” rating to a “hold” rating in a research note on Wednesday, March 15th.

Jefferies Financial Group reduced their target price on Ollie’s Bargain Outlet from £65.00 to £60.00 in a report on Thursday, December 8th. Finally, Morgan Stanley increased their price target on shares of 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 analysts have rated the stock with a hold rating and eight have issued a buy rating to the company.

Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of £62.13.

Ollie’s Bargain Outlet Trading Up 0.2 %

Shares of NASDAQ OLLI opened at £58.10 on Thursday. The stock has a 50 day simple moving average of £55.57 and a 200-day simple moving average of £54.60. The company has a market cap of £3.62 billion, a PE ratio of 38.73, a P/E/G ratio of 1.85 and a beta of 0.96.

Ollie’s Bargain Outlet has a 12-month low of £40.11 and a 12-month high of £72.27.

Ollie’s Bargain Outlet (NASDAQ:OLLI – Get Rating) last issued its quarterly earnings data on Wednesday, March 22nd. The company reported £0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of £0.80 by £0.04. The business had revenue of £549.80 million during the quarter, compared to the consensus estimate of £542.18 million.

Ollie’s Bargain Outlet had a return on equity of 7.15% and a net margin of 5.31%. The business’s revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the firm posted £0.69 earnings per share.

Sell-side analysts forecast that Ollie’s Bargain Outlet will post 2.54 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Royal London Asset Management Ltd. acquired a new stake in Ollie’s Bargain Outlet during the first quarter worth about £41,301,000. Norges Bank acquired a new position in Ollie’s Bargain Outlet during the 4th quarter valued at about £28,482,000.

Segall Bryant & Hamill LLC bought a new stake in Ollie’s Bargain Outlet in the third quarter valued at about £29,454,000. Point72 Asset Management L.P. acquired a new position in shares of Ollie’s Bargain Outlet in the 4th quarter valued at £24,742,000. Finally, Price T Rowe Associates Inc.

MD lifted its stake in Ollie’s Bargain Outlet by 14.9% in the second quarter. Price T Rowe Associates Inc. MD now owns 4,006,215 shares of the company’s stock valued at £235,365,000 after buying an additional 518,390 shares in 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.

Read More

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:

bohemia-design listed on couponmatrix.ukeve-lom listed on couponmatrix.ukjohn-greed listed on couponmatrix.uksnow-and-rock listed on couponmatrix.ukvelux listed on couponmatrix.ukvoxi listed on couponmatrix.uk
bohemia-design listed on couponmatrix.ukBohemia Design is an online store that sells unique, handcrafted jewellery and accessories. They offer a discount code to customers who sign up for their newsletter. The discount code can be used on any purchase made on the website. Bohemia Design is a great place to find gifts for friends or family, as well as a special treat for yourself. Use a Bohemia Design discount code when shopping to get a great deal on your purchase. Here at Groupon, we know that saving money is important to our customers. That's why we work hard to find the best Bohemia Design discount codes products. We want our customers to be able to save money on their purchase, and we know that using a Bohemia Design discount code is a great way to do that. Discover the perfect item and save with us - Thanks for using Groupon to save money on your purchase! The "Druzy Stone Pendant Necklace" is a top-performing product at Bohemia Design. This necklace is handmade with a druzy stone pendant. It's a great gift for any occasion, and you can use the Bohemia Design voucher code to get a discount on your purchase. You don't want to miss the best jewelery and accessory offers. Don't wait, start browsing today!
eve-lom listed on couponmatrix.ukPurify, nurture and restore with Eve Lom skincare – designed by trade professionals for phenomenal, fast-acting treatment. With an ethos which derives that truly radiant skin starts with a proper cleanse, give their signature cleansers a try for a fraction of the price with an Eve Lom discount code from Groupon. Offering an array of morning masks, moisturisers, creams and balms to keep your skin feeling soft and soothed without fail, start your skincare revival with the help of Eve Lom today.
john-greed listed on couponmatrix.ukMake a dazzling impression wherever you go with the latest styles from John Greed. Dive into the curated collection of charms, bracelets and earrings, featuring premium jewellery brands such as Coeur De Lion, Nomination and THOMAS SABO. There are also necklaces, watches, cufflinks and accessories from the likes of SWAROVSKI and GETi, in styles ranging from classic and contemporary to fashion and wedding. Using our John Greed discount codes unlocks a world of affordable pieces in both silver and gold. For that extra personal touch, take advantage of the free engraving service when sending a gift, adding a special message to make it truly unique.
snow-and-rock listed on couponmatrix.ukOff-piste pros, budding boulderers, and rock-climbing rookies alike - Snow and Rock will get you fully kitted out for your next adventure in specialist equipment and clothing from the best names in outdoor apparel. Head to the Snow and Rock website to see the full range and with a Snow and Rock discount code you’ll be able to get quality for less, so you can focus on getting to grips with your snowboard instead of worrying about your bank account.
velux listed on couponmatrix.ukThe way you let light into your home makes all the difference in the way it feels and looks, and whether you’re framing your windows or blacking them out, with a VELUX discount code you can get the blinds you want for less. It can be tricky to fit window coverings on your skylight, but VELUX is the number one choice for all things shutters and blinds, designed to fit your requirements perfectly.
voxi listed on couponmatrix.ukFor those who love their entertainment on the fly, VOXI is the mobile network to get your daily dose of fun and not worry about using up your data. Thanks to a wealth of competitive mobile phone plans, you can use VOXI deals to browse, stream and listen without compromise for a minimal price. Bolstered by a store of top quality phone brands including Apple, Huawei and Samsung, you can get enjoy a whole new flexible mobile experience in a single shop.