Ollie’s Bargain Outlet Holding Gets a Buy Rating from Piper Jaffray

Piper Jaffray analyst Peter Keith reiterated a Buy rating on Ollie’s Bargain Outlet Holding (NASDAQ: OLLI) yesterday and set a price target of $61. The company’s shares closed yesterday at $51, close to its 52-week high of $51.53.

According to TipRanks.com, Keith is a 4-star analyst with an average return of 6.2% and a 51.8% success rate. Keith covers the Services sector, focusing on stocks such as Restoration Hardware Holdings Inc, Floor & Decor Holdings Inc, and Sportsman’s Warehouse.

Currently, the analyst consensus on Ollie’s Bargain Outlet Holding is Moderate Buy and the average price target is $50.17, representing a -1.6% downside.

In a report issued on December 5, Jefferies also maintained a Buy rating on the stock with a $57 price target.

Ollie’s Bargain Outlet Holding’s market cap is currently $3.13B and has a P/E ratio of 44.35. The company has a book value ratio of 4.4794.

Based on the recent corporate insider activity of 63 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

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