Ollie’s Bargain Outlet (NASDAQ:OLLI) Price Target Cut to $130.00 by Analysts at UBS Group

Ollie’s Bargain Outlet (NASDAQ:OLLI) had its price objective decreased by UBS Group from $141.00 to $130.00 in a research note published on Wednesday morning, MarketBeat Ratings reports. UBS Group currently has a neutral rating on the stock.

Other equities research analysts have also issued research reports about the stock. KeyCorp reaffirmed an “overweight” rating on shares of Ollie’s Bargain Outlet in a research note on Wednesday. Truist Financial lifted their price objective on Ollie’s Bargain Outlet from $146.00 to $148.00 and gave the stock a “buy” rating in a report on Thursday, August 28th. The Goldman Sachs Group reissued a “buy” rating and issued a $162.00 target price on shares of Ollie’s Bargain Outlet in a report on Wednesday. Wells Fargo & Company reduced their target price on Ollie’s Bargain Outlet from $130.00 to $125.00 and set an “equal weight” rating on the stock in a report on Wednesday. Finally, Royal Bank Of Canada set a $140.00 price target on shares of Ollie’s Bargain Outlet in a report on Wednesday. Eleven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $143.21.

Ollie’s Bargain Outlet Stock Performance

NASDAQ OLLI opened at $112.46 on Wednesday. Ollie’s Bargain Outlet has a 1 year low of $94.88 and a 1 year high of $141.74. The stock has a market capitalization of $6.89 billion, a P/E ratio of 31.07, a P/E/G ratio of 2.33 and a beta of 0.44. The business’s fifty day moving average is $123.27 and its two-hundred day moving average is $126.87.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its earnings results on Tuesday, December 9th. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.71 by $0.04. Ollie’s Bargain Outlet had a return on equity of 12.86% and a net margin of 8.81%.The business had revenue of $613.62 million during the quarter, compared to analysts’ expectations of $613.63 million. During the same quarter last year, the firm posted $0.58 earnings per share. Ollie’s Bargain Outlet’s revenue was up 18.6% compared to the same quarter last year. Ollie’s Bargain Outlet has set its FY 2025 guidance at 3.810-3.870 EPS. On average, research analysts forecast that Ollie’s Bargain Outlet will post 3.29 earnings per share for the current year.

Insiders Place Their Bets

In other Ollie’s Bargain Outlet news, CFO Robert F. Helm sold 367 shares of the business’s stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of $120.08, for a total transaction of $44,069.36. Following the transaction, the chief financial officer owned 3,641 shares of the company’s stock, valued at $437,211.28. The trade was a 9.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman John W. Swygert sold 107,058 shares of Ollie’s Bargain Outlet stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $132.87, for a total transaction of $14,224,796.46. Following the completion of the transaction, the chairman directly owned 48,200 shares of the company’s stock, valued at approximately $6,404,334. This trade represents a 68.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 126,773 shares of company stock worth $16,782,449 in the last ninety days. 0.75% of the stock is owned by insiders.

Institutional Investors Weigh In On Ollie’s Bargain Outlet

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Assetmark Inc. boosted its holdings in Ollie’s Bargain Outlet by 44.8% in the 2nd quarter. Assetmark Inc. now owns 265 shares of the company’s stock valued at $35,000 after purchasing an additional 82 shares during the period. Blue Barn Wealth LLC boosted its stake in shares of Ollie’s Bargain Outlet by 2.8% in the 2nd quarter. Blue Barn Wealth LLC now owns 3,114 shares of the company’s stock valued at $410,000 after purchasing an additional 86 shares in the last quarter. Bessemer Group Inc. increased its holdings in shares of Ollie’s Bargain Outlet by 25.0% during the third quarter. Bessemer Group Inc. now owns 430 shares of the company’s stock worth $55,000 after buying an additional 86 shares in the last quarter. MAI Capital Management grew its holdings in shares of Ollie’s Bargain Outlet by 28.5% during the second quarter. MAI Capital Management now owns 397 shares of the company’s stock worth $52,000 after purchasing an additional 88 shares during the last quarter. Finally, Campbell Newman Asset Management Inc. raised its stake in shares of Ollie’s Bargain Outlet by 0.4% during the third quarter. Campbell Newman Asset Management Inc. now owns 20,850 shares of the company’s stock valued at $2,677,000 after acquiring an additional 90 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.