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

Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) have earned an average recommendation of “Moderate Buy” from the sixteen brokerages that are presently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $142.5714.

OLLI has been the subject of several research reports. Wall Street Zen downgraded shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Ollie’s Bargain Outlet in a research report on Wednesday, December 10th. Wells Fargo & Company lowered their price target on Ollie’s Bargain Outlet from $125.00 to $120.00 and set an “equal weight” rating for the company in a report on Friday, December 19th. KeyCorp restated an “overweight” rating on shares of Ollie’s Bargain Outlet in a research note on Wednesday, December 10th. Finally, UBS Group decreased their target price on 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.

Ollie’s Bargain Outlet Trading Down 1.3%

OLLI stock opened at $110.79 on Thursday. The company has a market cap of $6.79 billion, a PE ratio of 30.61, a price-to-earnings-growth ratio of 1.99 and a beta of 0.44. The stock has a 50-day moving average price of $119.21 and a two-hundred day moving average price of $126.74. Ollie’s Bargain Outlet has a 12-month low of $94.88 and a 12-month high of $141.74.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings data on Tuesday, December 9th. The company reported $0.75 earnings per share 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 for the quarter, compared to analyst estimates of $613.63 million. During the same period in the previous year, the company posted $0.58 EPS. The company’s revenue was up 18.6% compared to the same quarter last year. Ollie’s Bargain Outlet has set its FY 2025 guidance at 3.810-3.870 EPS. Equities analysts forecast that Ollie’s Bargain Outlet will post 3.29 EPS for the current fiscal year.

Insiders Place Their Bets

In other Ollie’s Bargain Outlet news, SVP Larry Kraus sold 8,921 shares of the stock in a transaction that occurred on Monday, October 13th. The shares were sold at an average price of $130.31, for a total value of $1,162,495.51. Following the completion of the sale, the senior vice president owned 3,679 shares of the company’s stock, valued at $479,410.49. This trade represents a 70.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Robert F. Helm sold 1,493 shares of the business’s stock in a transaction on Friday, October 17th. The stock was sold at an average price of $122.92, for a total transaction of $183,519.56. Following the transaction, the chief financial officer directly owned 4,008 shares in the company, valued at approximately $492,663.36. The trade was a 27.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 15,744 shares of company stock worth $2,031,770 in the last 90 days. 0.87% of the stock is owned by company insiders.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mirabella Financial Services LLP increased its position in shares of Ollie’s Bargain Outlet by 65.2% during the third quarter. Mirabella Financial Services LLP now owns 10,286 shares of the company’s stock worth $1,318,000 after acquiring an additional 4,060 shares during the last quarter. Allworth Financial LP increased its holdings in Ollie’s Bargain Outlet by 301.8% during the 3rd quarter. Allworth Financial LP now owns 221 shares of the company’s stock worth $28,000 after purchasing an additional 166 shares during the last quarter. Swiss Life Asset Management Ltd raised its position in shares of Ollie’s Bargain Outlet by 76.6% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 2,789 shares of the company’s stock valued at $358,000 after purchasing an additional 1,210 shares in the last quarter. Trust Investment Advisors purchased a new position in shares of Ollie’s Bargain Outlet during the 3rd quarter valued at approximately $206,000. Finally, Danske Bank A S purchased a new position in shares of Ollie’s Bargain Outlet during the 3rd quarter valued at approximately $64,000.

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.