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 earned a consensus rating of “Moderate Buy” from the sixteen brokerages that are presently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $142.1429.

A number of equities research analysts have recently commented on the stock. The Goldman Sachs Group reaffirmed a “buy” rating and set a $162.00 price objective on shares of Ollie’s Bargain Outlet in a research note on Wednesday, December 10th. KeyCorp restated an “overweight” rating on shares of Ollie’s Bargain Outlet in a research report on Wednesday, December 10th. UBS Group decreased their price objective on shares of Ollie’s Bargain Outlet from $141.00 to $130.00 and set a “neutral” rating for the company in a research report on Wednesday, December 10th. Loop Capital raised shares of Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and increased their target price for the stock from $130.00 to $135.00 in a research note on Monday, December 22nd. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Ollie’s Bargain Outlet in a report on Wednesday, December 10th.

Ollie’s Bargain Outlet Stock Performance

NASDAQ:OLLI opened at $115.09 on Friday. The firm’s fifty day moving average is $112.71 and its two-hundred day moving average is $123.23. The firm has a market cap of $7.06 billion, a price-to-earnings ratio of 31.79, a PEG ratio of 1.74 and a beta of 0.51. Ollie’s Bargain Outlet has a one year low of $94.88 and a one year high of $141.74.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings data on Tuesday, December 9th. The company reported $0.75 earnings per share (EPS) for the quarter, beating 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 in the previous year, the firm posted $0.58 EPS. The company’s revenue for the quarter 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. As a group, equities research analysts predict that Ollie’s Bargain Outlet will post 3.29 earnings per share for the current fiscal year.

Insider Activity at Ollie’s Bargain Outlet

In other news, Chairman John W. Swygert sold 1,126 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $112.06, for a total transaction of $126,179.56. Following the completion of the transaction, the chairman directly owned 48,200 shares of the company’s stock, valued at $5,401,292. This represents a 2.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.75% of the stock is owned by company insiders.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

Large investors have recently added to or reduced their stakes in the stock. Cornerstone Planning Group LLC increased its stake in shares of Ollie’s Bargain Outlet by 218.8% during the fourth quarter. Cornerstone Planning Group LLC now owns 255 shares of the company’s stock worth $27,000 after purchasing an additional 175 shares in the last quarter. Allworth Financial LP lifted its stake in Ollie’s Bargain Outlet by 301.8% in the 3rd quarter. Allworth Financial LP now owns 221 shares of the company’s stock valued at $28,000 after buying an additional 166 shares in the last quarter. Maseco LLP acquired a new stake in Ollie’s Bargain Outlet in the 4th quarter worth about $30,000. Private Trust Co. NA boosted its holdings in Ollie’s Bargain Outlet by 71.3% in the 3rd quarter. Private Trust Co. NA now owns 245 shares of the company’s stock worth $31,000 after buying an additional 102 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of Ollie’s Bargain Outlet by 49.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 279 shares of the company’s stock valued at $31,000 after acquiring an additional 92 shares during the last quarter.

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.