Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) have earned a consensus recommendation of “Moderate Buy” from the sixteen analysts that are presently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $142.5714.

OLLI has been the topic of several recent analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Ollie’s Bargain Outlet in a research report on Wednesday, October 8th. Sanford C. Bernstein restated an “outperform” rating on shares of Ollie’s Bargain Outlet in a research note on Wednesday, December 10th. Wells Fargo & Company dropped their price objective on Ollie’s Bargain Outlet from $125.00 to $120.00 and set an “equal weight” rating on the stock in a report on Friday, December 19th. Jefferies Financial Group raised their target price on Ollie’s Bargain Outlet from $111.00 to $135.00 and gave the company a “hold” rating in a report on Friday, August 29th. Finally, Piper Sandler restated an “overweight” rating on shares of Ollie’s Bargain Outlet in a research report on Wednesday, December 10th.

Ollie’s Bargain Outlet Stock Performance

Shares of OLLI opened at $111.08 on Thursday. The stock has a market capitalization of $6.81 billion, a P/E ratio of 30.68, a P/E/G ratio of 1.94 and a beta of 0.44. Ollie’s Bargain Outlet has a 1 year low of $94.88 and a 1 year high of $141.74. The company’s fifty day moving average is $119.90 and its two-hundred day moving average is $126.70.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released 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 net margin of 8.81% and a return on equity of 12.86%. The company had revenue of $613.62 million during the quarter, compared to analysts’ expectations of $613.63 million. During the same quarter last year, the business earned $0.58 EPS. The business’s revenue was up 18.6% on a year-over-year basis. Ollie’s Bargain Outlet has set its FY 2025 guidance at 3.810-3.870 EPS. Sell-side analysts predict that Ollie’s Bargain Outlet will post 3.29 EPS for the current year.

Insider Activity at Ollie’s Bargain Outlet

In related news, SVP Larry Kraus sold 8,921 shares of the company’s stock in a transaction that occurred on Monday, October 13th. The stock was sold at an average price of $130.31, for a total value of $1,162,495.51. Following the sale, the senior vice president owned 3,679 shares in the company, valued at $479,410.49. This represents a 70.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Robert F. Helm sold 367 shares of the firm’s stock in a transaction that occurred on Thursday, October 23rd. The shares were sold at an average price of $120.08, for a total value of $44,069.36. Following the completion of the transaction, the chief financial officer directly owned 3,641 shares of the company’s stock, valued at $437,211.28. The trade was a 9.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 19,715 shares of company stock worth $2,557,653 in the last ninety days. Corporate insiders own 0.75% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in OLLI. Price T Rowe Associates Inc. MD raised its position in shares of Ollie’s Bargain Outlet by 2.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 329,802 shares of the company’s stock valued at $38,376,000 after buying an additional 8,708 shares during the last quarter. Trexquant Investment LP purchased a new stake in Ollie’s Bargain Outlet in the 1st quarter worth approximately $1,870,000. State of Wyoming raised its holdings in Ollie’s Bargain Outlet by 88.5% in the 1st quarter. State of Wyoming now owns 4,065 shares of the company’s stock valued at $473,000 after acquiring an additional 1,909 shares during the last quarter. Vident Advisory LLC purchased a new position in shares of Ollie’s Bargain Outlet during the 1st quarter worth $241,000. Finally, Maverick Capital Ltd. purchased a new position in shares of Ollie’s Bargain Outlet during the 1st quarter worth $8,137,000.

About Ollie’s Bargain Outlet

Ollie’s Bargain Outlet is an American discount retailer specializing in closeout merchandise and surplus inventory across a broad range of categories. The company operates a no-frills retail format that offers branded and private-label products at significant markdowns. Its merchandise mix typically includes housewares, electronics, health and beauty items, food products, beauty supplies, books, toys, and seasonal goods.

Founded in 1982 by Oliver E. “Ollie” Rosenberg, the company is headquartered in Harrisburg, Pennsylvania.