Published On: Wed, Sep 14th, 2016

Ollie's Bargain Outlet Holdings (OLLI) – Investment Analysts’ Recent Ratings Updates

Ollie's Bargain Outlet Holdings (NASDAQ: OLLI) has recently received a number of price target changes and ratings updates:

9/3/2016 – Ollie's Bargain Outlet Holdings was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $31.00 price target on the stock. According to Zacks, “Ollie’s Bargain Outlet Holdings, Inc. is a retailer of closeouts, excess inventory and salvage merchandise. The Company’s product includes housewares, food, books and stationery, bed and bath, floor coverings, toys and hardware. Its brand portfolio consist of Ollie’s, Ollie’s Bargain Outlet, Ollie’s Army, Real Brands! Real Bargains! and Good Stuff Cheap. The company operates primarily in Alabama, Delaware, Georgia, Indiana, Kentucky, Maryland, Michigan, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Virginia and West Virginia. Ollie’s Bargain Outlet Holdings, Inc. is based in Harrisburg, United States. “
9/1/2016 – Ollie's Bargain Outlet Holdings had its price target raised by analysts at Royal Bank Of Canada from $30.00 to $32.00. They now have an “outperform” rating on the stock.
9/1/2016 – Ollie's Bargain Outlet Holdings had its price target raised by analysts at Jefferies Group from $30.00 to $31.00. They now have a “buy” rating on the stock.
9/1/2016 – Ollie's Bargain Outlet Holdings had its “outperform” rating reaffirmed by analysts at RBC Capital Markets. They now have a $32.00 price target on the stock, up previously from $30.00.
8/29/2016 – Ollie's Bargain Outlet Holdings had its “overweight” rating reaffirmed by analysts at Piper Jaffray Cos.. They now have a $28.00 price target on the stock.
8/3/2016 – Ollie's Bargain Outlet Holdings was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Ollie’s Bargain Outlet Holdings, Inc. is a retailer of closeouts, excess inventory and salvage merchandise. The Company’s product includes housewares, food, books and stationery, bed and bath, floor coverings, toys and hardware. Its brand portfolio consist of Ollie’s, Ollie’s Bargain Outlet, Ollie’s Army, Real Brands! Real Bargains! and Good Stuff Cheap. The company operates primarily in Alabama, Delaware, Georgia, Indiana, Kentucky, Maryland, Michigan, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Virginia and West Virginia. Ollie’s Bargain Outlet Holdings, Inc. is based in Harrisburg, United States. “

Ollie's Bargain Outlet Holdings Inc (NASDAQ:OLLI) traded down 0.71% during trading on Wednesday, hitting $25.05. 313,743 shares of the stock were exchanged. The stock has a 50 day moving average of $26.68 and a 200-day moving average of $24.83. Ollie's Bargain Outlet Holdings Inc has a 52 week low of $14.88 and a 52 week high of $28.72. The stock has a market cap of $1.51 billion, a P/E ratio of 32.53 and a beta of 0.10.
Ollie's Bargain Outlet Holdings (NASDAQ:OLLI) last released its quarterly earnings results on Wednesday, August 31st. The company reported $0.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.03. Ollie's Bargain Outlet Holdings had a net margin of 5.80% and a return on equity of 8.91%. The business had revenue of $211.30 million for the quarter, compared to the consensus estimate of $207.61 million. During the same period last year, the firm earned $0.15 earnings per share. The company’s quarterly revenue was up 16.2% on a year-over-year basis. Equities analysts expect that Ollie's Bargain Outlet Holdings Inc will post $0.90 EPS for the current fiscal year.

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In other Ollie's Bargain Outlet Holdings news, major shareholder Ccmp Capital, Lp sold 27,451,596 shares of the stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $26.07, for a total value of $715,663,107.72. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO John W. Swygert sold 25,000 shares of the stock in a transaction that occurred on Monday, July 11th. The stock was sold at an average price of $25.00, for a total transaction of $625,000.00. Following the completion of the transaction, the chief financial officer now owns 61,000 shares in the company, valued at $1,525,000. The disclosure for this sale can be found here. 21.80% of the stock is currently owned by company insiders.
Ollie’s Bargain Outlet Holdings, Inc is a retailer of brand name merchandise. The Company offers deals on closeouts, excess inventory and salvage merchandise. The Company’s product offerings include food, such as packaged food, including coffee, bottled non-carbonated beverages, salty snacks, condiments, sauces, spices, dry pasta, canned goods, cereal and cookies; housewares, such as cooking utensils, dishes, appliances, storage and garbage bags, detergents and cleaning supplies, cookware and glassware, frames and giftware; books and stationery, such as novels, business, cooking, inspirational and coffee table books along with digital versatile discs (DVDs), greeting cards and various office supplies and party goods, and bed and bath, such as household goods, including bedding, towels, curtains and associated hardware.

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