Ollie's Bargain Outlet Holdings Inc (OLLI) is Initiated by MKM Partners to Buy, Price Target at $33

Ollie's Bargain Outlet Holdings Inc (OLLI) was Initiated by MKM Partners to “Buy” and the brokerage firm has set the Price Target at $33. MKM Partners advised their investors in a research report released on Oct 14, 2016.

Many Wall Street Analysts have commented on Ollie's Bargain Outlet Holdings Inc. Company shares were Reiterated by RBC Capital Mkts on Sep 1, 2016 to “Outperform”, Firm has raised the Price Target to $ 32 from a previous price target of $30 .

On the company’s financial health, Ollie's Bargain Outlet Holdings Inc reported $0.21 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Aug 31, 2016. Analyst had a consensus of $0.18. The company had revenue of $211.30 million for the quarter, compared to analysts expectations of $207.61 million. The company’s revenue was up 16.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 EPS.

Ollie's Bargain Outlet Holdings Inc closed down -0.56 points or -2.06% at $26.65 with 7,38,693 shares getting traded on Tuesday. Post opening the session at $27.01, the shares hit an intraday low of $26.53 and an intraday high of $27.05 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Sep 23, 2016, Kevin Mclain (SVP, Merchandising) sold 10,000 shares at $26.00 per share price. According to the SEC, on Sep 23, 2016, Howard Freedman (VP, Merchandising) sold 6,000 shares at $26.02 per share price. On Sep 2, 2016, Thomas Hendrickson (director) purchased 1,950 shares at $23.89 per share price, according to the Form-4 filing with the securities and exchange commission.

Ollie’s Bargain Outlet Holdings Inc. is a retailer of closeouts excess inventory and salvage merchandise. The Company through its wholly owned subsidiary Ollie’s Bargain Outlet Inc. offers products of various categories including housewares food books and stationery bed and bath floor coverings toys and hardware. It offers products under various brands such as Ollie’s Ollie’s Bargain Outlet Ollie’s Army Real Brands! Real Bargains! and Good Stuff Cheap. The Company operates approximately through approximately 185 stores across 16 states including Alabama Delaware Georgia Indiana Kentucky Maryland Michigan New Jersey New York North Carolina Ohio Pennsylvania South Carolina Tennessee Virginia and West Virginia. It owns several domain names including www.ollies.us www.olliesbargainoutlet.com www.olliesarmy.com www.ollies.cheap www.sarasotabreeze.com and www.olliesmail.com.

Ollie's Bargain Outlet Holdings Inc

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