Ollie’s Bargain Outlet (NASDAQ:OLLI) Hits New 52-Week Low – Time to Sell?

Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) reached a new 52-week low on Monday . The company traded as low as $84.29 and last traded at $85.1720, with a volume of 1272686 shares. The stock had previously closed at $85.61.

Analysts Set New Price Targets

Several equities analysts recently issued reports on OLLI shares. UBS Group set a $125.00 price target on Ollie’s Bargain Outlet in a research note on Monday, March 16th. Weiss Ratings lowered Ollie’s Bargain Outlet from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, April 22nd. Wells Fargo & Company upgraded Ollie’s Bargain Outlet from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $120.00 to $130.00 in a research report on Friday, March 13th. Truist Financial set a $135.00 target price on Ollie’s Bargain Outlet in a research note on Friday, March 13th. Finally, Royal Bank Of Canada reduced their target price on Ollie’s Bargain Outlet from $155.00 to $153.00 and set an “outperform” rating for the company in a research report on Wednesday, April 29th. Thirteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $140.50.

Ollie’s Bargain Outlet Stock Performance

The company has a 50-day moving average of $97.20 and a 200 day moving average of $109.74. The firm has a market cap of $4.96 billion, a P/E ratio of 20.97, a P/E/G ratio of 1.45 and a beta of 0.48.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings results on Thursday, March 12th. The company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.01. The firm had revenue of $779.26 million for the quarter, compared to analysts’ expectations of $783.72 million. Ollie’s Bargain Outlet had a return on equity of 13.18% and a net margin of 9.08%.The business’s revenue was up 16.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.19 earnings per share. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.400-4.500 EPS. Sell-side analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 4.48 EPS for the current fiscal year.

Insider Activity

In related news, Chairman John W. Swygert sold 3,330 shares of Ollie’s Bargain Outlet stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of $95.80, for a total transaction of $319,014.00. Following the completion of the transaction, the chairman directly owned 48,200 shares of the company’s stock, valued at $4,617,560. This trade represents a 6.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 13,585 shares of company stock worth $1,275,398. Company insiders own 0.87% of the company’s stock.

Institutional Trading of Ollie’s Bargain Outlet

Hedge funds have recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its stake in shares of Ollie’s Bargain Outlet by 34.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,501 shares of the company’s stock valued at $236,000 after acquiring an additional 637 shares during the last quarter. Illinois Municipal Retirement Fund grew its position in Ollie’s Bargain Outlet by 12.2% during the 1st quarter. Illinois Municipal Retirement Fund now owns 7,196 shares of the company’s stock worth $662,000 after acquiring an additional 785 shares during the last quarter. Calamos Wealth Management LLC acquired a new stake in Ollie’s Bargain Outlet during the 1st quarter valued at $291,000. Calamos Advisors LLC acquired a new stake in Ollie’s Bargain Outlet during the 1st quarter valued at $291,000. Finally, Emerald Mutual Fund Advisers Trust raised its position in Ollie’s Bargain Outlet by 6.4% in the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 197,473 shares of the company’s stock valued at $18,175,000 after purchasing an additional 11,850 shares during the last quarter.

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.