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

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

Several other brokerages have also recently weighed in on OLLI. Jefferies Financial Group upped their target price on Ollie’s Bargain Outlet from $111.00 to $135.00 and gave the stock a “hold” rating in a report on Friday, August 29th. Morgan Stanley upped their target price on Ollie’s Bargain Outlet from $118.00 to $145.00 and gave the stock an “equal weight” rating in a report on Friday, August 29th. Bank of America upped their target price on Ollie’s Bargain Outlet from $130.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, August 29th. JPMorgan Chase & Co. upped their target price on Ollie’s Bargain Outlet from $137.00 to $159.00 and gave the stock an “overweight” rating in a report on Monday, July 21st. Finally, UBS Group upped their target price on Ollie’s Bargain Outlet from $125.00 to $140.00 and gave the stock a “neutral” rating in a report on Friday, August 29th. Eight investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Ollie’s Bargain Outlet has a consensus rating of “Moderate Buy” and a consensus price target of $144.15.

Ollie’s Bargain Outlet Stock Down 0.9%

Shares of Ollie’s Bargain Outlet stock opened at $132.40 on Friday. The stock’s fifty day moving average is $133.84 and its two-hundred day moving average is $121.86. The company has a market capitalization of $8.12 billion, a PE ratio of 38.38, a price-to-earnings-growth ratio of 2.71 and a beta of 0.45. Ollie’s Bargain Outlet has a 52 week low of $86.88 and a 52 week high of $141.74.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data on Thursday, August 28th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.91 by $0.08. The company had revenue of $679.56 million for 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% on a year-over-year basis. During the same quarter in the prior 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, research analysts anticipate that Ollie’s Bargain Outlet will post 3.29 earnings per share for the current year.

Insider Activity

In related news, Chairman John W. Swygert sold 107,058 shares of the firm’s stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $132.87, for a total transaction of $14,224,796.46. Following the sale, the chairman directly owned 48,200 shares of the company’s stock, valued at $6,404,334. This trade represents a 68.95% 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. Also, SVP James J. Comitale sold 2,117 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $130.00, for a total value of $275,210.00. Following the transaction, the senior vice president owned 2,504 shares in the company, valued at $325,520. This represents a 45.81% decrease in their position. The disclosure for this sale can be found here. 0.75% of the stock is owned by company insiders.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

A number of institutional investors have recently added to or reduced their stakes in OLLI. Teacher Retirement System of Texas increased its stake in Ollie’s Bargain Outlet by 63.8% during the first quarter. Teacher Retirement System of Texas now owns 11,711 shares of the company’s stock worth $1,363,000 after acquiring an additional 4,563 shares during the last quarter. Axiom Investors LLC DE acquired a new stake in Ollie’s Bargain Outlet during the first quarter worth $4,749,000. DAVENPORT & Co LLC increased its stake in Ollie’s Bargain Outlet by 10.6% during the first quarter. DAVENPORT & Co LLC now owns 2,266 shares of the company’s stock worth $264,000 after acquiring an additional 217 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Ollie’s Bargain Outlet by 25.5% during the first quarter. Bank of New York Mellon Corp now owns 881,996 shares of the company’s stock worth $102,629,000 after acquiring an additional 179,452 shares during the last quarter. Finally, Stephens Investment Management Group LLC increased its stake in Ollie’s Bargain Outlet by 13.3% during the first quarter. Stephens Investment Management Group LLC now owns 809,282 shares of the company’s stock worth $94,168,000 after acquiring an additional 95,204 shares during the last quarter.

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.