RBC Capital analyst Scot Ciccarelli maintained a Buy rating on Ollie’s Bargain Outlet Holding (OLLI) today and set a price target of $76.00. The company’s shares closed last Monday at $60.30, close to its 52-week low of $53.60.
According to TipRanks.com, Ciccarelli is a top 100 analyst with an average return of 17.0% and a 73.1% success rate. Ciccarelli covers the Services sector, focusing on stocks such as Dick’s Sporting Goods, Genuine Parts Company, and Advance Auto Parts.
Currently, the analyst consensus on Ollie’s Bargain Outlet Holding is a Strong Buy with an average price target of $76.25, a 26.5% upside from current levels. In a report issued on December 2, Stephens also maintained a Buy rating on the stock with a $75.00 price target.
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Based on Ollie’s Bargain Outlet Holding’s latest earnings release for the quarter ending October 31, the company reported a quarterly net profit of $26.96 million. In comparison, last year the company had a net profit of $24.82 million.
Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of OLLI in relation to earlier this year.
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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.
