Equities research analysts at Credit Suisse Group started coverage on shares of Ollie’s Bargain Outlet (NASDAQ:OLLI) in a research report issued on Wednesday. The firm set an “outperform” rating and a $68.00 price target on the stock. Credit Suisse Group’s price objective would indicate a potential upside of 8.63% from the stock’s current price.
Other analysts also recently issued reports about the stock. BidaskClub downgraded shares of Ollie’s Bargain Outlet from a “strong-buy” rating to a “buy” rating in a report on Friday, January 5th. Piper Jaffray reiterated a “buy” rating and issued a $71.00 price target on shares of Ollie’s Bargain Outlet in a report on Tuesday, January 9th. Bank of America lifted their price target on shares of Ollie’s Bargain Outlet from $60.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, March 13th. Zacks Investment Research downgraded shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a report on Thursday, March 8th. Finally, MKM Partners set a $59.00 price target on shares of Ollie’s Bargain Outlet and gave the company a “hold” rating in a report on Thursday, April 5th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Ollie’s Bargain Outlet has an average rating of “Buy” and an average target price of $57.29.
Shares of NASDAQ OLLI opened at $62.60 on Wednesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.35 and a current ratio of 2.22. The firm has a market capitalization of $3,844.17, a price-to-earnings ratio of 50.08, a P/E/G ratio of 1.71 and a beta of 0.14. Ollie’s Bargain Outlet has a 52-week low of $34.40 and a 52-week high of $63.75.
In other news, VP Kenneth Robert Bertram sold 4,000 shares of the business’s stock in a transaction dated Tuesday, March 20th. The shares were sold at an average price of $59.65, for a total value of $238,600.00. Following the sale, the vice president now directly owns 7,958 shares in the company, valued at approximately $474,694.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO John W. Swygert sold 50,000 shares of the business’s stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $59.32, for a total transaction of $2,966,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 95,742 shares of company stock worth $5,567,718. Insiders own 22.25% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Ollie’s Bargain Outlet by 50.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,972 shares of the company’s stock worth $158,000 after purchasing an additional 992 shares during the period. Navellier & Associates Inc purchased a new position in shares of Ollie’s Bargain Outlet during the 4th quarter worth about $201,000. Stone Ridge Asset Management LLC purchased a new position in shares of Ollie’s Bargain Outlet during the 4th quarter worth about $234,000. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Ollie’s Bargain Outlet during the 4th quarter worth about $237,000. Finally, GSA Capital Partners LLP purchased a new position in shares of Ollie’s Bargain Outlet during the 3rd quarter worth about $243,000. Hedge funds and other institutional investors own 90.95% of the company’s stock.
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About Ollie’s Bargain Outlet
Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise. The company offers food products, housewares, books and stationery, bed and bath products, floor coverings, electronics, and toys; and other products, including hardware, personal health care, candy, clothing, sporting, pet and lawn, and garden products.
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