Ollie’s Bargain Outlet (NASDAQ:OLLI) Posts Earnings Results, Beats Expectations By $0.01 EPS

Ollie’s Bargain Outlet (NASDAQ:OLLI) posted its quarterly earnings results on Tuesday. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.01, Briefing.com reports. Ollie’s Bargain Outlet had a net margin of 9.19% and a return on equity of 13.27%. The company had revenue of $517.43 million during the quarter, compared to analyst estimates of $518.83 million. During the same quarter in the prior year, the business earned $0.51 earnings per share. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. Ollie’s Bargain Outlet updated its FY 2024 guidance to 3.220-3.300 EPS and its FY25 guidance to $3.22-3.30 EPS.

Ollie’s Bargain Outlet Stock Performance

Shares of NASDAQ:OLLI opened at $111.02 on Wednesday. The firm has a market capitalization of $6.81 billion, a PE ratio of 33.85, a price-to-earnings-growth ratio of 2.53 and a beta of 0.85. Ollie’s Bargain Outlet has a 52-week low of $68.05 and a 52-week high of $113.76. The firm has a fifty day moving average of $95.30 and a 200 day moving average of $94.70.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on OLLI shares. Piper Sandler reissued an “overweight” rating and set a $107.00 price objective on shares of Ollie’s Bargain Outlet in a report on Friday, October 4th. UBS Group raised their target price on Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the stock a “neutral” rating in a research note on Friday, August 30th. JPMorgan Chase & Co. decreased their price target on Ollie’s Bargain Outlet from $113.00 to $105.00 and set an “overweight” rating on the stock in a research report on Friday, August 30th. Bank of America raised their price objective on shares of Ollie’s Bargain Outlet from $102.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Finally, StockNews.com cut shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research note on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $104.50.

Insider Buying and Selling at Ollie’s Bargain Outlet

In related news, SVP Kevin Mclain sold 15,000 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $98.99, for a total transaction of $1,484,850.00. Following the transaction, the senior vice president now owns 10,610 shares of the company’s stock, valued at approximately $1,050,283.90. This trade represents a 58.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Robert F. Helm sold 2,401 shares of the business’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $94.68, for a total transaction of $227,326.68. Following the completion of the sale, the chief financial officer now directly owns 2,021 shares of the company’s stock, valued at $191,348.28. This represents a 54.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 36,112 shares of company stock worth $3,614,366 over the last 90 days. Corporate insiders own 0.87% of the company’s stock.

Ollie’s Bargain Outlet Company Profile

Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise in the United States. The company offers housewares, bed and bath, food, floor coverings, health and beauty aids, books and stationery, toys, and electronics; and other products, including hardware, candy, clothing, sporting goods, pet and lawn, and garden products.