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

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

Several other research firms 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 research note on Friday, August 29th. Bank of America boosted their price target 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. UBS Group increased their price objective on shares of Ollie’s Bargain Outlet from $125.00 to $140.00 and gave the company a “neutral” rating in a research note on Friday, August 29th. Royal Bank Of Canada dropped their target price on Ollie’s Bargain Outlet from $149.00 to $147.00 and set an “outperform” rating for the company in a research report on Friday, October 24th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Ollie’s Bargain Outlet from $137.00 to $159.00 and gave the stock an “overweight” rating in a report on Monday, July 21st. Nine research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $144.00.

Ollie’s Bargain Outlet Stock Down 0.5%

Shares of Ollie’s Bargain Outlet stock opened at $120.81 on Friday. Ollie’s Bargain Outlet has a 12-month low of $86.88 and a 12-month high of $141.74. The company has a market capitalization of $7.41 billion, a price-to-earnings ratio of 35.02, a PEG ratio of 2.48 and a beta of 0.42. The firm’s 50-day moving average price is $128.58 and its two-hundred day moving average price is $124.60.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its earnings results 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 during the quarter, compared to analysts’ expectations of $658.03 million. Ollie’s Bargain Outlet had a net margin of 8.74% and a return on equity of 12.66%. The business’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.78 EPS. Ollie’s Bargain Outlet has set its FY 2025 guidance at 3.760-3.840 EPS. On average, sell-side analysts expect that Ollie’s Bargain Outlet will post 3.29 earnings per share for the current year.

Insider Activity

In other news, SVP James J. Comitale sold 2,117 shares of the stock in a transaction dated 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 owned 2,504 shares of the company’s stock, valued at $325,520. This represents a 45.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Der Valk Eric Van sold 4,000 shares of the stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $132.27, for a total value of $529,080.00. Following the completion of the transaction, the chief executive officer owned 7,761 shares in the company, valued at approximately $1,026,547.47. The trade was a 34.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 128,890 shares of company stock valued at $17,057,659. Corporate insiders own 0.75% of the company’s stock.

Institutional Trading of Ollie’s Bargain Outlet

Several institutional investors have recently made changes to their positions in the company. Wasatch Advisors LP increased its stake in Ollie’s Bargain Outlet by 1.2% in the 2nd quarter. Wasatch Advisors LP now owns 4,062,147 shares of the company’s stock valued at $535,310,000 after buying an additional 49,603 shares during the last quarter. Invesco Ltd. lifted its position in shares of Ollie’s Bargain Outlet by 55.5% during the 2nd quarter. Invesco Ltd. now owns 2,552,605 shares of the company’s stock valued at $336,382,000 after buying an additional 911,364 shares during the last quarter. Hood River Capital Management LLC lifted its position in shares of Ollie’s Bargain Outlet by 165.4% during the 2nd quarter. Hood River Capital Management LLC now owns 1,240,339 shares of the company’s stock valued at $163,452,000 after buying an additional 773,013 shares during the last quarter. Geode Capital Management LLC increased its holdings in Ollie’s Bargain Outlet by 0.4% in the 2nd quarter. Geode Capital Management LLC now owns 1,140,234 shares of the company’s stock worth $150,284,000 after acquiring an additional 5,000 shares during the last quarter. Finally, Geneva Capital Management LLC increased its holdings in Ollie’s Bargain Outlet by 7.6% in the 2nd quarter. Geneva Capital Management LLC now owns 1,129,086 shares of the company’s stock worth $148,791,000 after acquiring an additional 79,627 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.