Ollie’s Bargain Outlet (NASDAQ:OLLI) Given a $70.00 Price Target by Wells Fargo & Company Analysts

Wells Fargo & Company set a $70.00 price objective on Ollie’s Bargain Outlet (NASDAQ:OLLIGet Rating) in a report published on Monday morning, Stock Target Advisor reports.

Several other equities research analysts also recently issued reports on OLLI. JPMorgan Chase & Co. cut their price target on Ollie’s Bargain Outlet from $45.00 to $39.00 in a report on Tuesday, May 10th. Royal Bank of Canada raised Ollie’s Bargain Outlet from a sector perform rating to an outperform rating and lifted their target price for the stock from $47.00 to $65.00 in a report on Thursday, June 9th. Citigroup lifted their target price on Ollie’s Bargain Outlet from $43.00 to $55.00 and gave the stock a neutral rating in a report on Thursday, June 9th. KeyCorp dropped their target price on Ollie’s Bargain Outlet from $83.00 to $75.00 and set an overweight rating for the company in a report on Thursday, March 24th. Finally, StockNews.com downgraded Ollie’s Bargain Outlet from a hold rating to a sell rating in a research note on Thursday, June 9th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Ollie’s Bargain Outlet has an average rating of Hold and an average target price of $62.93.

Shares of Ollie’s Bargain Outlet stock opened at $60.70 on Monday. The business has a fifty day simple moving average of $49.84 and a two-hundred day simple moving average of $47.42. Ollie’s Bargain Outlet has a 1 year low of $37.67 and a 1 year high of $95.43. The company has a market capitalization of $3.79 billion, a price-to-earnings ratio of 33.91, a P/E/G ratio of 1.86 and a beta of 1.10.

Ollie’s Bargain Outlet (NASDAQ:OLLIGet Rating) last announced its quarterly earnings results on Wednesday, June 8th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.10). Ollie’s Bargain Outlet had a net margin of 6.72% and a return on equity of 8.58%. The business had revenue of $406.70 million for the quarter, compared to analyst estimates of $417.48 million. During the same period in the prior year, the business earned $0.80 EPS. The company’s revenue for the quarter was down 10.1% compared to the same quarter last year. As a group, sell-side analysts expect that Ollie’s Bargain Outlet will post 1.88 EPS for the current year.

Large investors have recently added to or reduced their stakes in the business. First National Bank of Omaha raised its holdings in shares of Ollie’s Bargain Outlet by 79.3% during the 1st quarter. First National Bank of Omaha now owns 56,074 shares of the company’s stock valued at $2,408,000 after buying an additional 24,807 shares in the last quarter. Advisory Services Network LLC purchased a new position in shares of Ollie’s Bargain Outlet in the 1st quarter valued at approximately $491,000. Neuberger Berman Group LLC raised its stake in Ollie’s Bargain Outlet by 7.8% during the first quarter. Neuberger Berman Group LLC now owns 43,410 shares of the company’s stock valued at $1,865,000 after buying an additional 3,128 shares during the last quarter. Toroso Investments LLC raised its stake in Ollie’s Bargain Outlet by 98.5% during the first quarter. Toroso Investments LLC now owns 15,182 shares of the company’s stock valued at $652,000 after buying an additional 7,534 shares during the last quarter. Finally, Eaton Vance Management raised its stake in Ollie’s Bargain Outlet by 1,539.4% during the first quarter. Eaton Vance Management now owns 15,476 shares of the company’s stock valued at $665,000 after buying an additional 14,532 shares during the last quarter.

Ollie’s Bargain Outlet Company Profile (Get Rating)

Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise. The company offers housewares, bed and bath, food, floor coverings, health and beauty aids, books and stationery, toys, and electronics; and other products, including hardware, candy, clothing, sporting goods, pet and lawn, and garden products.

Further Reading

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

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