Ollie’s Bargain Outlet (NASDAQ:OLLI) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Ollie’s Bargain Outlet (NASDAQ:OLLI) had its price objective upped by equities research analysts at Jefferies Financial Group from $111.00 to $135.00 in a report issued on Friday, Marketbeat.com reports. The firm presently has a “hold” rating on the stock. Jefferies Financial Group’s target price suggests a potential upside of 6.43% from the stock’s previous close.

A number of other equities research analysts have also issued reports on OLLI. Loop Capital lowered shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and set a $130.00 target price on the stock. in a report on Tuesday, June 24th. Piper Sandler increased their target price on shares of Ollie’s Bargain Outlet from $123.00 to $150.00 and gave the stock an “overweight” rating in a report on Tuesday, August 19th. Truist Financial increased their target price on shares of Ollie’s Bargain Outlet from $128.00 to $146.00 and gave the stock a “buy” rating in a report on Wednesday, August 13th. Wall Street Zen upgraded shares of Ollie’s Bargain Outlet from a “sell” rating to a “hold” rating in a report on Tuesday, May 13th. Finally, KeyCorp set a $145.00 price objective on shares of Ollie’s Bargain Outlet and gave the company an “overweight” rating in a report on Thursday, June 26th. Eight investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $141.46.

Ollie’s Bargain Outlet Stock Performance

Shares of OLLI stock opened at $126.84 on Friday. The firm’s 50 day moving average price is $132.77 and its 200-day moving average price is $117.76. Ollie’s Bargain Outlet has a one year low of $86.29 and a one year high of $141.74. The firm has a market cap of $7.78 billion, a P/E ratio of 36.77, a P/E/G ratio of 2.80 and a beta of 0.40.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings data on Thursday, August 28th. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.91 by $0.08. Ollie’s Bargain Outlet had a net margin of 8.74% and a return on equity of 12.66%. The firm had revenue of $679.56 million for the quarter, compared to analyst estimates of $658.03 million. During the same period in the prior year, the business posted $0.78 EPS. The business’s revenue for the quarter was up 17.5% compared to the same quarter last year. Ollie’s Bargain Outlet has set its FY 2025 guidance at 3.760-3.840 EPS. As a group, research analysts predict that Ollie’s Bargain Outlet will post 3.29 EPS for the current fiscal year.

Insider Activity

In other news, CEO Der Valk Eric Van sold 728 shares of the stock in a transaction on Friday, June 13th. The shares were sold at an average price of $112.85, for a total value of $82,154.80. Following the completion of the sale, the chief executive officer owned 7,761 shares of the company’s stock, valued at $875,828.85. This represents a 8.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.75% of the stock is owned by insiders.

Institutional Investors Weigh In On Ollie’s Bargain Outlet

Large investors have recently added to or reduced their stakes in the company. Assetmark Inc. boosted its stake in Ollie’s Bargain Outlet by 44.8% during the 2nd quarter. Assetmark Inc. now owns 265 shares of the company’s stock valued at $35,000 after acquiring an additional 82 shares during the last quarter. Blue Barn Wealth LLC boosted its stake in Ollie’s Bargain Outlet by 2.8% during the 2nd quarter. Blue Barn Wealth LLC now owns 3,114 shares of the company’s stock valued at $410,000 after acquiring an additional 86 shares during the last quarter. MAI Capital Management boosted its stake in Ollie’s Bargain Outlet by 28.5% during the 2nd quarter. MAI Capital Management now owns 397 shares of the company’s stock valued at $52,000 after acquiring an additional 88 shares during the last quarter. Wedmont Private Capital boosted its stake in Ollie’s Bargain Outlet by 4.5% during the 1st quarter. Wedmont Private Capital now owns 2,084 shares of the company’s stock valued at $238,000 after acquiring an additional 89 shares during the last quarter. Finally, Belpointe Asset Management LLC lifted its position in shares of Ollie’s Bargain Outlet by 1.3% in the 1st quarter. Belpointe Asset Management LLC now owns 7,001 shares of the company’s stock worth $815,000 after buying an additional 91 shares during the last quarter.

About Ollie’s Bargain Outlet

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.