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.

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

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