Ollie’s Bargain Outlet (NASDAQ:OLLI) Reaches New 52-Week Low – What’s Next?

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) shares reached a new 52-week low during mid-day trading on Monday . The company traded as low as $70.48 and last traded at $69.9040, with a volume of 1954258 shares. The stock had previously closed at $74.21.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on OLLI. KeyCorp reaffirmed an “overweight” rating on shares of Ollie’s Bargain Outlet in a research report on Monday, June 15th. Truist Financial set a $112.00 target price on shares of Ollie’s Bargain Outlet in a report on Thursday, June 4th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $70.00 price target (down from $152.00) on shares of Ollie’s Bargain Outlet in a research note on Wednesday. Loop Capital restated a “buy” rating and set a $135.00 target price on shares of Ollie’s Bargain Outlet in a research report on Thursday, June 4th. Finally, Citigroup reduced their target price on Ollie’s Bargain Outlet from $141.00 to $111.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Thirteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Ollie’s Bargain Outlet has a consensus rating of “Moderate Buy” and an average price target of $118.53.

Ollie’s Bargain Outlet Stock Down 9.4%

The firm has a market cap of $3.73 billion, a PE ratio of 15.33, a price-to-earnings-growth ratio of 1.20 and a beta of 0.47. The stock has a 50 day moving average price of $78.86 and a two-hundred day moving average price of $96.08.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its earnings results on Wednesday, June 3rd. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. Ollie’s Bargain Outlet had a return on equity of 13.43% and a net margin of 9.13%.The company had revenue of $658.93 million during the quarter, compared to analyst estimates of $661.65 million. During the same quarter last year, the business posted $0.75 EPS. The firm’s quarterly revenue was up 14.2% on a year-over-year basis. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. As a group, equities analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 4.52 earnings per share for the current year.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

A number of hedge funds have recently made changes to their positions in the company. Goldman Sachs Group Inc. boosted its position in shares of Ollie’s Bargain Outlet by 315.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,707,117 shares of the company’s stock valued at $187,117,000 after acquiring an additional 1,296,672 shares during the last quarter. Balyasny Asset Management L.P. purchased a new stake in shares of Ollie’s Bargain Outlet in the 3rd quarter valued at approximately $136,152,000. Norges Bank acquired a new stake in shares of Ollie’s Bargain Outlet during the 4th quarter worth approximately $85,845,000. Invesco Ltd. increased its holdings in shares of Ollie’s Bargain Outlet by 17.2% during the 3rd quarter. Invesco Ltd. now owns 2,992,848 shares of the company’s stock worth $384,282,000 after buying an additional 440,243 shares during the last quarter. Finally, Freestone Grove Partners LP acquired a new position in Ollie’s Bargain Outlet in the fourth quarter valued at approximately $44,168,000.

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.