UBS Group Increases Ollie’s Bargain Outlet (NASDAQ:OLLI) Price Target to $123.00

by · The Cerbat Gem

Ollie’s Bargain Outlet (NASDAQ:OLLI – Get Free Report) had its price target raised by research analysts at UBS Group from $117.00 to $123.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s price objective suggests a potential upside of 12.44% from the company’s current price.

Several other equities research analysts have also weighed in on OLLI. StockNews.com lowered Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research report on Tuesday, February 4th. Jefferies Financial Group cut shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and decreased their price target for the stock from $125.00 to $111.00 in a research note on Tuesday, February 4th. Loop Capital upped their price objective on Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Morgan Stanley boosted their target price on shares of Ollie’s Bargain Outlet from $108.00 to $118.00 and gave the stock an “equal weight” rating in a research report on Thursday. Finally, Royal Bank of Canada boosted their price objective on shares of Ollie’s Bargain Outlet from $130.00 to $133.00 and gave the stock an “outperform” rating in a report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, Ollie’s Bargain Outlet currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.86.

Read Our Latest Analysis on Ollie’s Bargain Outlet

Ollie’s Bargain Outlet Trading Up 1.3 %

NASDAQ OLLI traded up $1.45 on Thursday, hitting $109.39. 102,574 shares of the company’s stock traded hands, compared to its average volume of 1,095,945. Ollie’s Bargain Outlet has a 1-year low of $68.05 and a 1-year high of $120.03. The firm has a market capitalization of $6.70 billion, a PE ratio of 32.65, a P/E/G ratio of 2.21 and a beta of 0.83. The firm’s 50-day moving average price is $105.13 and its two-hundred day moving average price is $101.38.

Ollie’s Bargain Outlet (NASDAQ:OLLI – Get Free Report) last released its quarterly earnings data on Wednesday, March 19th. The company reported $1.19 earnings per share for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.01). The company had revenue of $667.10 million for the quarter, compared to analyst estimates of $674.61 million. Ollie’s Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The business’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period last year, the firm posted $1.23 EPS. On average, research analysts anticipate that Ollie’s Bargain Outlet will post 3.29 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Legacy Capital Wealth Partners LLC raised its holdings in Ollie’s Bargain Outlet by 3.4% during the fourth quarter. Legacy Capital Wealth Partners LLC now owns 2,834 shares of the company’s stock valued at $311,000 after buying an additional 94 shares in the last quarter. Coldstream Capital Management Inc. lifted its stake in shares of Ollie’s Bargain Outlet by 3.4% in the fourth quarter. Coldstream Capital Management Inc. now owns 2,912 shares of the company’s stock worth $320,000 after buying an additional 97 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Ollie’s Bargain Outlet by 55.2% in the fourth quarter. Blue Trust Inc. now owns 284 shares of the company’s stock worth $31,000 after buying an additional 101 shares during the last quarter. UMB Bank n.a. boosted its stake in Ollie’s Bargain Outlet by 25.3% during the 4th quarter. UMB Bank n.a. now owns 545 shares of the company’s stock valued at $60,000 after purchasing an additional 110 shares during the period. Finally, Precision Wealth Strategies LLC increased its position in Ollie’s Bargain Outlet by 3.2% during the fourth quarter. Precision Wealth Strategies LLC now owns 3,889 shares of the company’s stock worth $427,000 after acquiring an additional 119 shares during the period.

Ollie’s Bargain Outlet Company Profile

(Get Free Report)

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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