Ollie’s Bargain Outlet (NASDAQ:OLLI) Rating Increased to Buy at Wall Street Zen

Ollie’s Bargain Outlet (NASDAQ:OLLI) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

A number of other research firms also recently weighed in on OLLI. Citigroup restated a “buy” rating on shares of Ollie’s Bargain Outlet in a research report on Friday, August 29th. UBS Group boosted their price objective on Ollie’s Bargain Outlet from $125.00 to $140.00 and gave the company a “neutral” rating in a research report on Friday, August 29th. KeyCorp set a $145.00 price objective on Ollie’s Bargain Outlet and gave the company an “overweight” rating in a research report on Thursday, June 26th. Piper Sandler boosted their price objective on Ollie’s Bargain Outlet from $123.00 to $150.00 and gave the company an “overweight” rating in a research report on Tuesday, August 19th. Finally, Craig Hallum set a $156.00 price objective on Ollie’s Bargain Outlet in a research report on Friday, August 29th. Eight research 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 has a consensus rating of “Moderate Buy” and a consensus price target of $143.46.

Ollie’s Bargain Outlet Price Performance

NASDAQ:OLLI opened at $133.40 on Friday. The business has a 50 day moving average of $132.62 and a 200 day moving average of $118.44. The company has a market capitalization of $8.18 billion, a price-to-earnings ratio of 38.67, a PEG ratio of 2.73 and a beta of 0.45. Ollie’s Bargain Outlet has a 1-year low of $86.67 and a 1-year high of $141.74.

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

Insiders Place Their Bets

In other Ollie’s Bargain Outlet news, SVP James J. Comitale sold 2,117 shares of the business’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $130.00, for a total transaction of $275,210.00. Following the transaction, the senior vice president directly owned 2,504 shares of the company’s stock, valued at approximately $325,520. The trade was a 45.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Der Valk Eric Van sold 728 shares of the business’s stock in a transaction on Friday, June 13th. The shares were sold at an average price of $112.85, for a total transaction of $82,154.80. Following the transaction, the chief executive officer directly owned 7,761 shares in the company, valued at approximately $875,828.85. The trade was a 8.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Wasatch Advisors LP increased its position in Ollie’s Bargain Outlet by 1.2% during the 2nd quarter. Wasatch Advisors LP now owns 4,062,147 shares of the company’s stock valued at $535,310,000 after purchasing an additional 49,603 shares during the period. Invesco Ltd. grew its stake in Ollie’s Bargain Outlet by 55.5% in the second quarter. Invesco Ltd. now owns 2,552,605 shares of the company’s stock worth $336,382,000 after purchasing an additional 911,364 shares during the period. Hood River Capital Management LLC grew its stake in Ollie’s Bargain Outlet by 165.4% in the second quarter. Hood River Capital Management LLC now owns 1,240,339 shares of the company’s stock worth $163,452,000 after purchasing an additional 773,013 shares during the period. Geode Capital Management LLC grew its stake in Ollie’s Bargain Outlet by 0.4% in the second quarter. Geode Capital Management LLC now owns 1,140,234 shares of the company’s stock worth $150,284,000 after purchasing an additional 5,000 shares during the period. Finally, Geneva Capital Management LLC grew its stake in Ollie’s Bargain Outlet by 7.6% in the second quarter. Geneva Capital Management LLC now owns 1,129,086 shares of the company’s stock worth $148,791,000 after purchasing an additional 79,627 shares during the period.

Ollie’s Bargain Outlet Company Profile

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.