Ollie’s Bargain Outlet (NASDAQ:OLLI) Given New $152.00 Price Target at JPMorgan Chase & Co.

Ollie’s Bargain Outlet (NASDAQ:OLLI) had its target price lowered by JPMorgan Chase & Co. from $163.00 to $152.00 in a report published on Monday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Several other analysts also recently issued reports on OLLI. UBS Group set a $125.00 price objective on shares of Ollie’s Bargain Outlet in a research note on Monday, March 16th. Bank of America reissued a “buy” rating on shares of Ollie’s Bargain Outlet in a research note on Friday, March 13th. Wells Fargo & Company raised shares of Ollie’s Bargain Outlet from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $120.00 to $130.00 in a research note on Friday, March 13th. Piper Sandler reissued an “overweight” rating and issued a $128.00 price objective (down from $140.00) on shares of Ollie’s Bargain Outlet in a research note on Friday, March 13th. Finally, Truist Financial set a $135.00 price objective on shares of Ollie’s Bargain Outlet in a research note on Friday, March 13th. Thirteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Ollie’s Bargain Outlet presently has an average rating of “Moderate Buy” and an average target price of $140.64.

Ollie’s Bargain Outlet Price Performance

Shares of NASDAQ OLLI opened at $91.69 on Monday. The company has a market cap of $5.59 billion, a P/E ratio of 23.51, a PEG ratio of 1.58 and a beta of 0.59. Ollie’s Bargain Outlet has a 1 year low of $88.44 and a 1 year high of $141.74. The firm has a 50-day simple moving average of $103.13 and a two-hundred day simple moving average of $113.51.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data on Thursday, March 12th. The company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.01. The business had revenue of $779.26 million during the quarter, compared to the consensus estimate of $783.72 million. Ollie’s Bargain Outlet had a net margin of 9.08% and a return on equity of 13.18%. The firm’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.19 earnings per share. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.400-4.500 EPS. As a group, equities research analysts expect that Ollie’s Bargain Outlet will post 3.29 EPS for the current year.

Insider Buying and Selling at Ollie’s Bargain Outlet

In other news, Chairman John W. Swygert sold 3,330 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Tuesday, April 7th. The shares were sold at an average price of $95.80, for a total transaction of $319,014.00. Following the completion of the sale, the chairman owned 48,200 shares of the company’s stock, valued at approximately $4,617,560. The trade was a 6.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 13,585 shares of company stock worth $1,275,398 over the last ninety days. Insiders own 0.75% of the company’s stock.

Institutional Trading of Ollie’s Bargain Outlet

Several institutional investors and hedge funds have recently modified their holdings of the stock. Bessemer Group Inc. raised its stake 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 valued at $55,000 after acquiring an additional 86 shares in the last quarter. 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 in the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Ollie’s Bargain Outlet by 0.6% during the second quarter. Thrivent Financial for Lutherans now owns 14,458 shares of the company’s stock valued at $1,905,000 after acquiring an additional 91 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake 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 in the last quarter. Finally, Huntington National Bank raised its stake in shares of Ollie’s Bargain Outlet by 9.0% during the third quarter. Huntington National Bank now owns 1,145 shares of the company’s stock valued at $147,000 after acquiring an additional 95 shares in the last quarter.

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.