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

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) has been given an average rating of “Moderate Buy” by the sixteen brokerages that are presently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $142.5714.

OLLI has been the subject of a number of recent analyst reports. Craig Hallum reaffirmed a “buy” rating and set a $157.00 price target on shares of Ollie’s Bargain Outlet in a report on Wednesday, December 10th. Royal Bank Of Canada set a $140.00 price objective on shares of Ollie’s Bargain Outlet in a research report on Wednesday, December 10th. 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 reduced their target price 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. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $162.00 price target on shares of Ollie’s Bargain Outlet in a report on Wednesday, December 10th.

Insider Activity at Ollie’s Bargain Outlet

In other news, SVP James J. Comitale sold 1,775 shares of Ollie’s Bargain Outlet stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $125.75, for a total transaction of $223,206.25. Following the sale, the senior vice president directly owned 2,898 shares of the company’s stock, valued at approximately $364,423.50. This trade represents a 37.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 owned 7,761 shares in the company, valued at approximately $1,026,547.47. This trade represents a 34.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 19,715 shares of company stock worth $2,557,653 in the last 90 days. 0.75% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Ollie’s Bargain Outlet

A number of institutional investors have recently added to or reduced their stakes in OLLI. Allworth Financial LP boosted its position in Ollie’s Bargain Outlet by 301.8% during the third quarter. Allworth Financial LP now owns 221 shares of the company’s stock valued at $28,000 after acquiring an additional 166 shares during the last quarter. Private Trust Co. NA lifted its stake in shares of Ollie’s Bargain Outlet by 71.3% in the 3rd quarter. Private Trust Co. NA now owns 245 shares of the company’s stock valued at $31,000 after purchasing an additional 102 shares during the period. Assetmark Inc. boosted its position in shares of Ollie’s Bargain Outlet by 44.8% during the 2nd quarter. Assetmark Inc. now owns 265 shares of the company’s stock valued at $35,000 after purchasing an additional 82 shares in the last quarter. Maseco LLP bought a new stake in shares of Ollie’s Bargain Outlet during the 2nd quarter valued at about $36,000. Finally, Shell Asset Management Co. acquired a new stake in Ollie’s Bargain Outlet during the third quarter worth approximately $37,000.

Ollie’s Bargain Outlet Price Performance

OLLI stock opened at $111.08 on Thursday. Ollie’s Bargain Outlet has a fifty-two week low of $94.88 and a fifty-two week high of $141.74. The stock has a market capitalization of $6.81 billion, a price-to-earnings ratio of 30.68, a PEG ratio of 1.94 and a beta of 0.44. The business’s fifty day moving average price is $119.90 and its two-hundred day moving average price is $126.70.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings results on Tuesday, December 9th. The company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.04. The company had revenue of $613.62 million during the quarter, compared to the consensus estimate of $613.63 million. Ollie’s Bargain Outlet had a net margin of 8.81% and a return on equity of 12.86%. The firm’s quarterly revenue was up 18.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.58 earnings per share. Ollie’s Bargain Outlet has set its FY 2025 guidance at 3.810-3.870 EPS. Research analysts expect that Ollie’s Bargain Outlet will post 3.29 EPS for the current year.

Ollie’s Bargain Outlet Company Profile

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.