Ollie’s Bargain Outlet (NASDAQ:OLLI) Stock Price Breaks Above Two Hundred Day Moving Average – Time to Sell?

Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) passed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $87.55 and traded as high as $93.64. Ollie’s Bargain Outlet shares last traded at $92.42, with a volume of 2,027,844 shares traded.

Analysts Set New Price Targets

A number of brokerages have commented on OLLI. Gordon Haskett raised Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and set a $105.00 price target for the company in a research report on Tuesday, October 13th. Wells Fargo & Company set a $98.00 price objective on Ollie’s Bargain Outlet in a report on Thursday, September 3rd. Royal Bank Of Canada raised their price objective on Ollie’s Bargain Outlet from $124.00 to $125.00 and gave the stock an “outperform” rating in a research note on Tuesday. Weiss Ratings raised Ollie’s Bargain Outlet from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. Finally, JPMorgan Chase & Co. upped their target price on Ollie’s Bargain Outlet from $70.00 to $73.00 and gave the company a “neutral” rating in a research report on Tuesday, August 18th. Thirteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Ollie’s Bargain Outlet presently has a consensus rating of “Moderate Buy” and a consensus target price of $103.57.

Ollie’s Bargain Outlet Trading Down 2.3%

The firm has a 50-day simple moving average of $82.42 and a two-hundred day simple moving average of $87.40. The company has a market capitalization of $5.36 billion, a price-to-earnings ratio of 20.15, a P/E/G ratio of 1.53 and a beta of 0.41.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings data on Wednesday, September 2nd. The company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.30. The business had revenue of $741.31 million during the quarter, compared to analysts’ expectations of $747.71 million. Ollie’s Bargain Outlet had a return on equity of 14.54% and a net margin of 9.79%. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.99 EPS. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.570-4.650 EPS. Equities research analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 4.61 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. BlackRock Inc. purchased a new stake in Ollie’s Bargain Outlet during the 2nd quarter valued at about $430,204,000. Wasatch Advisors LP lifted its stake in Ollie’s Bargain Outlet by 45.9% in the 2nd quarter. Wasatch Advisors LP now owns 4,362,067 shares of the company’s stock worth $335,356,000 after purchasing an additional 1,371,744 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Ollie’s Bargain Outlet by 6.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,272,306 shares of the company’s stock worth $117,098,000 after purchasing an additional 72,781 shares in the last quarter. Stephens Investment Management Group LLC lifted its stake in Ollie’s Bargain Outlet by 32.8% in the 1st quarter. Stephens Investment Management Group LLC now owns 1,126,255 shares of the company’s stock worth $103,661,000 after purchasing an additional 277,870 shares in the last quarter. Finally, Primecap Management Co. CA acquired a new position in shares of Ollie’s Bargain Outlet during the 2nd quarter worth approximately $67,338,000.

Ollie’s Bargain Outlet Company Profile

Ollie’s Bargain Outlet Holdings, Inc operates Ollie’s Bargain Outlet, a U.S. retailer specializing in closeout, excess, and salvage merchandise. Its stores offer a constantly changing assortment of brand-name and private-label products at discounted prices, with inventory varying according to available purchasing opportunities.

The company’s product categories generally include housewares, food, health and beauty products, toys, books, electronics, clothing, hardware, seasonal merchandise, and home furnishings.