BidaskClub Downgrades Ollie’s Bargain Outlet (NASDAQ:OLLI) to Strong Sell

Ollie’s Bargain Outlet (NASDAQ:OLLI) was downgraded by equities research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report issued on Friday, BidAskClub reports.

Several other equities research analysts have also recently issued reports on the company. Zacks Investment Research upgraded Investar from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a report on Tuesday, June 4th. Credit Suisse Group set a €19.00 ($22.09) target price on shares of K&S and gave the stock a “neutral” rating in a research note on Tuesday, May 14th. Dougherty & Co initiated coverage on shares of Ollie’s Bargain Outlet in a research note on Thursday, May 23rd. They issued a “buy” rating and a $115.00 target price on the stock. Finally, Morgan Stanley lifted their price target on shares of from GBX 1,430 ($18.69) to GBX 1,560 ($20.38) and gave the company an “equal weight” rating in a research report on Tuesday, June 11th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $95.23.

OLLI stock opened at $88.15 on Friday. The company has a current ratio of 1.86, a quick ratio of 0.31 and a debt-to-equity ratio of 0.23. Ollie’s Bargain Outlet has a 12-month low of $59.72 and a 12-month high of $103.03. The firm has a market cap of $5.60 billion, a PE ratio of 46.64, a price-to-earnings-growth ratio of 1.85 and a beta of 0.73. The business has a 50-day moving average price of $92.13.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings data on Thursday, June 6th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.02. Ollie’s Bargain Outlet had a return on equity of 13.49% and a net margin of 11.10%. The company had revenue of $324.90 million for the quarter, compared to analysts’ expectations of $319.24 million. During the same period in the previous year, the firm posted $0.41 EPS. Ollie’s Bargain Outlet’s revenue was up 17.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Ollie’s Bargain Outlet will post 2.16 earnings per share for the current fiscal year.

In related news, VP Kenneth Robert Bertram sold 8,525 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $95.30, for a total value of $812,432.50. Following the completion of the sale, the vice president now owns 18,967 shares in the company, valued at approximately $1,807,555.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jay Stasz sold 12,500 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $95.00, for a total transaction of $1,187,500.00. Following the completion of the sale, the chief financial officer now owns 22,903 shares of the company’s stock, valued at approximately $2,175,785. The disclosure for this sale can be found here. 16.36% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of the business. FMR LLC grew its stake in shares of Ollie’s Bargain Outlet by 1.0% in the first quarter. FMR LLC now owns 2,327,464 shares of the company’s stock worth $198,603,000 after acquiring an additional 23,142 shares in the last quarter. Wasatch Advisors Inc. grew its stake in shares of Ollie’s Bargain Outlet by 3.1% in the first quarter. Wasatch Advisors Inc. now owns 2,263,743 shares of the company’s stock worth $193,165,000 after acquiring an additional 68,758 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of Ollie’s Bargain Outlet by 0.3% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,035,186 shares of the company’s stock worth $173,663,000 after acquiring an additional 5,286 shares in the last quarter. Rheos Capital Works Inc. acquired a new position in shares of Ollie’s Bargain Outlet in the first quarter worth $119,462,000. Finally, Artisan Partners Limited Partnership grew its stake in shares of Ollie’s Bargain Outlet by 22.4% in the first quarter. Artisan Partners Limited Partnership now owns 1,180,686 shares of the company’s stock worth $100,748,000 after acquiring an additional 216,413 shares in the last quarter. Institutional investors and hedge funds own 90.61% of the company’s stock.

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, health and beauty 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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Analyst Recommendations for Ollie`s Bargain Outlet (NASDAQ:OLLI)

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