Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Receives $142.14 Average PT from Analysts

Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) have earned a consensus recommendation of “Moderate Buy” from the sixteen ratings firms that are covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $142.1429.

A number of analysts have issued reports on the company. Wall Street Zen downgraded Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. Royal Bank Of Canada set a $140.00 target price on Ollie’s Bargain Outlet in a research report on Wednesday, December 10th. Citigroup decreased their target price on Ollie’s Bargain Outlet from $150.00 to $141.00 and set a “buy” rating for the company in a research note on Thursday, December 11th. Morgan Stanley dropped their price target on shares of Ollie’s Bargain Outlet from $145.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 10th. Finally, Wells Fargo & Company cut their price objective on shares of 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.

Ollie’s Bargain Outlet Stock Down 1.1%

NASDAQ OLLI opened at $109.50 on Friday. Ollie’s Bargain Outlet has a 52 week low of $94.88 and a 52 week high of $141.74. The firm has a 50 day moving average of $112.24 and a two-hundred day moving average of $122.32. The stock has a market capitalization of $6.72 billion, a PE ratio of 30.25, a price-to-earnings-growth ratio of 1.69 and a beta of 0.51.

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

Insider Buying and Selling

In related news, Chairman John W. Swygert sold 1,126 shares of the business’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $112.06, for a total value of $126,179.56. Following the completion of the sale, the chairman directly owned 48,200 shares of the company’s stock, valued at $5,401,292. The trade was a 2.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.75% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

Several hedge funds have recently made changes to their positions in the company. Integrated Wealth Concepts LLC lifted its holdings in shares of Ollie’s Bargain Outlet by 28.0% in the 1st quarter. Integrated Wealth Concepts LLC now owns 2,815 shares of the company’s stock valued at $328,000 after purchasing an additional 615 shares during the last quarter. Jones Financial Companies Lllp increased its position in Ollie’s Bargain Outlet by 993.4% during the first quarter. Jones Financial Companies Lllp now owns 2,154 shares of the company’s stock worth $251,000 after buying an additional 1,957 shares during the period. Goldman Sachs Group Inc. lifted its stake in Ollie’s Bargain Outlet by 42.7% in the first quarter. Goldman Sachs Group Inc. now owns 446,277 shares of the company’s stock valued at $51,929,000 after buying an additional 133,537 shares during the last quarter. Empowered Funds LLC acquired a new stake in shares of Ollie’s Bargain Outlet in the first quarter valued at approximately $359,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Ollie’s Bargain Outlet by 12.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 183,412 shares of the company’s stock valued at $21,342,000 after acquiring an additional 19,837 shares during the period.

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.