Ollie’s Bargain Outlet (OLLI) Coverage Initiated at Credit Suisse Group

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.

How to Become a New Pot Stock Millionaire

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.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings results on Wednesday, April 4th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.02. The company had revenue of $356.70 million for the quarter, compared to the consensus estimate of $349.93 million. Ollie’s Bargain Outlet had a net margin of 11.85% and a return on equity of 11.23%. Ollie’s Bargain Outlet’s revenue for the quarter was up 25.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.39 EPS. equities analysts forecast that Ollie’s Bargain Outlet will post 1.68 earnings per share for the current year.

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.

TRADEMARK VIOLATION WARNING: This news story was first posted by Week Herald and is the property of of Week Herald. If you are viewing this news story on another site, it was copied illegally and reposted in violation of international copyright & trademark law. The correct version of this news story can be read at https://weekherald.com/2018/04/18/ollies-bargain-outlet-olli-coverage-initiated-at-credit-suisse-group.html.

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.

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.

Leave a Reply