Ollie’s Bargain Outlet (NASDAQ:OLLI) Issues Quarterly Earnings Results, Beats Expectations By $0.08 EPS

Ollie’s Bargain Outlet (NASDAQ:OLLI) issued its quarterly earnings results on Thursday. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.08, Zacks reports. Ollie’s Bargain Outlet had a return on equity of 12.27% and a net margin of 8.59%. Ollie’s Bargain Outlet updated its FY 2025 guidance to 3.760-3.840 EPS.

Ollie’s Bargain Outlet Stock Performance

OLLI opened at $130.60 on Thursday. The firm has a market cap of $8.01 billion, a P/E ratio of 40.18, a price-to-earnings-growth ratio of 2.93 and a beta of 0.40. The business has a 50 day moving average price of $132.45 and a 200 day moving average price of $117.29. Ollie’s Bargain Outlet has a twelve month low of $86.29 and a twelve month high of $141.74.

Analyst Upgrades and Downgrades

Several analysts have recently commented on OLLI shares. KeyCorp set a $145.00 target price on Ollie’s Bargain Outlet and gave the stock an “overweight” rating in a research report on Thursday, June 26th. Royal Bank Of Canada upped their price objective on shares of Ollie’s Bargain Outlet from $133.00 to $144.00 and gave the company an “outperform” rating in a research note on Monday, August 18th. Piper Sandler increased their target price on shares of Ollie’s Bargain Outlet from $123.00 to $150.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 19th. Wall Street Zen upgraded Ollie’s Bargain Outlet from a “sell” rating to a “hold” rating in a report on Tuesday, May 13th. Finally, Truist Financial boosted their target price on Ollie’s Bargain Outlet from $128.00 to $146.00 and gave the company a “buy” rating in a research note on Wednesday, August 13th. Eight equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Ollie’s Bargain Outlet has a consensus rating of “Moderate Buy” and an average target price of $132.62.

Insiders Place Their Bets

In other Ollie’s Bargain Outlet news, CEO Der Valk Eric Van sold 728 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $112.85, for a total value of $82,154.80. Following the transaction, the chief executive officer directly owned 7,761 shares of the company’s stock, valued at $875,828.85. The trade was a 8.58% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.75% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Ollie’s Bargain Outlet

Several institutional investors and hedge funds have recently made changes to their positions in the company. Thrivent Financial for Lutherans increased its position in Ollie’s Bargain Outlet by 0.6% in the 2nd quarter. Thrivent Financial for Lutherans now owns 14,458 shares of the company’s stock valued at $1,905,000 after acquiring an additional 91 shares in the last quarter. Lazard Asset Management LLC increased its stake in Ollie’s Bargain Outlet by 5.8% in the second quarter. Lazard Asset Management LLC now owns 2,508 shares of the company’s stock valued at $330,000 after purchasing an additional 138 shares in the last quarter. Vident Advisory LLC raised its stake in Ollie’s Bargain Outlet by 9.8% during the 2nd quarter. Vident Advisory LLC now owns 2,272 shares of the company’s stock worth $299,000 after buying an additional 203 shares during the period. Rafferty Asset Management LLC lifted its holdings in shares of Ollie’s Bargain Outlet by 5.2% during the 2nd quarter. Rafferty Asset Management LLC now owns 4,277 shares of the company’s stock valued at $564,000 after purchasing an additional 211 shares in the last quarter. Finally, Benjamin Edwards Inc. raised its stake in shares of Ollie’s Bargain Outlet by 13.7% in the 2nd quarter. Benjamin Edwards Inc. now owns 2,600 shares of the company’s stock valued at $343,000 after purchasing an additional 313 shares during the period.

About Ollie’s Bargain Outlet

Ollie’s Bargain Outlet Holdings, Inc is a holding company, which engages in the retail of closeouts, excess inventory, and salvage merchandise. It offers overstocks, package changes, manufacturer refurbished goods, and irregulars. The company’s products include housewares, food, books and stationery, bed and bath, floor coverings, electronics and toys.