Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Receives Average Rating of “Moderate Buy” from Brokerages

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) has received an average recommendation of “Moderate Buy” from the fourteen analysts that are presently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $144.00.

A number of equities research analysts recently commented on the company. Royal Bank Of Canada decreased their target price on Ollie’s Bargain Outlet from $149.00 to $147.00 and set an “outperform” rating on the stock in a research report on Friday, October 24th. Wall Street Zen upgraded Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating in a research report on Saturday. Jefferies Financial Group boosted their target price on Ollie’s Bargain Outlet from $111.00 to $135.00 and gave the stock a “hold” rating in a research report on Friday, August 29th. Piper Sandler boosted their target price on Ollie’s Bargain Outlet from $123.00 to $150.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 19th. Finally, KeyCorp boosted their target price on Ollie’s Bargain Outlet from $145.00 to $154.00 and gave the stock an “overweight” rating in a research report on Friday, September 19th.

Ollie’s Bargain Outlet Trading Down 0.2%

Shares of OLLI opened at $123.99 on Wednesday. The business’s 50 day moving average is $128.33 and its 200 day moving average is $124.95. The company has a market capitalization of $7.60 billion, a PE ratio of 35.94, a price-to-earnings-growth ratio of 2.54 and a beta of 0.41. Ollie’s Bargain Outlet has a 12-month low of $86.88 and a 12-month high of $141.74.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its earnings results on Thursday, August 28th. The company reported $0.99 earnings per share (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%.The firm’s quarterly revenue was up 17.5% on a year-over-year basis. During the same quarter last year, the company earned $0.78 EPS. Ollie’s Bargain Outlet has set its FY 2025 guidance at 3.760-3.840 EPS. Equities research analysts predict that Ollie’s Bargain Outlet will post 3.29 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Der Valk Eric Van sold 4,000 shares of the business’s stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $132.27, for a total value of $529,080.00. Following the sale, the chief executive officer directly owned 7,761 shares in the company, valued at approximately $1,026,547.47. The trade was a 34.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP James J. Comitale sold 1,775 shares of the business’s stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $125.75, for a total value of $223,206.25. Following the sale, the senior vice president directly owned 2,898 shares in the company, valued at $364,423.50. The trade was a 37.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 128,890 shares of company stock valued at $17,057,659 in the last ninety days. Company insiders own 0.87% of the company’s stock.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Wasatch Advisors LP boosted its holdings in shares of 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 worth $535,310,000 after purchasing an additional 49,603 shares during the period. Invesco Ltd. boosted its holdings in shares of Ollie’s Bargain Outlet by 55.5% in the 2nd 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 boosted its holdings in shares of Ollie’s Bargain Outlet by 165.4% in the 2nd 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 boosted its holdings in shares of 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 purchasing an additional 5,000 shares during the period. Finally, Geneva Capital Management LLC boosted its holdings in shares of 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 purchasing an additional 79,627 shares during the period.

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.