Ollie’s Bargain Outlet (NASDAQ:OLLI) Stock Rating Lowered by Wall Street Zen

Ollie’s Bargain Outlet (NASDAQ:OLLI) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Sunday.

Several other equities analysts have also commented on the company. Wells Fargo & Company boosted their price target on Ollie’s Bargain Outlet from $105.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Friday, August 29th. Jefferies Financial Group upped their target price on shares of Ollie’s Bargain Outlet from $111.00 to $135.00 and gave the company a “hold” rating in a research note on Friday, August 29th. JPMorgan Chase & Co. lifted their price target on shares of Ollie’s Bargain Outlet from $137.00 to $159.00 and gave the stock an “overweight” rating in a research note on Monday, July 21st. Morgan Stanley boosted their price objective on shares of Ollie’s Bargain Outlet from $118.00 to $145.00 and gave the stock an “equal weight” rating in a report on Friday, August 29th. Finally, KeyCorp raised their target price on Ollie’s Bargain Outlet from $145.00 to $154.00 and gave the company an “overweight” rating in a research note on Friday, September 19th. Nine equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $144.00.

Ollie’s Bargain Outlet Stock Performance

OLLI opened at $126.53 on Friday. Ollie’s Bargain Outlet has a 1 year low of $86.88 and a 1 year high of $141.74. The firm has a 50 day moving average price of $127.95 and a 200 day moving average price of $125.40. The company has a market cap of $7.76 billion, a PE ratio of 36.68, a price-to-earnings-growth ratio of 2.52 and a beta of 0.41.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings results on Thursday, August 28th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.08. The firm had revenue of $679.56 million during the quarter, compared to the consensus estimate of $658.03 million. Ollie’s Bargain Outlet had a return on equity of 12.66% and a net margin of 8.74%.The firm’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.78 EPS. Ollie’s Bargain Outlet has set its FY 2025 guidance at 3.760-3.840 EPS. On average, sell-side analysts predict that Ollie’s Bargain Outlet will post 3.29 earnings per share for the current year.

Insiders Place Their Bets

In other news, Chairman John W. Swygert sold 107,058 shares of the stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $132.87, for a total transaction of $14,224,796.46. Following the transaction, the chairman owned 48,200 shares of the company’s stock, valued at approximately $6,404,334. This trade represents a 68.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Larry Kraus sold 8,921 shares of the business’s stock in a transaction dated 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 directly owned 3,679 shares of the company’s stock, valued at approximately $479,410.49. This represents a 70.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 128,890 shares of company stock worth $17,057,659. Company insiders own 0.87% of the company’s stock.

Institutional Investors Weigh In On Ollie’s Bargain Outlet

Institutional investors and hedge funds have recently made changes to their positions in the company. Private Trust Co. NA increased its stake in shares of Ollie’s Bargain Outlet by 71.3% in the third quarter. Private Trust Co. NA now owns 245 shares of the company’s stock valued at $31,000 after purchasing an additional 102 shares during the period. Assetmark Inc. boosted its position in shares of Ollie’s Bargain Outlet by 44.8% during the second quarter. Assetmark Inc. now owns 265 shares of the company’s stock worth $35,000 after buying an additional 82 shares during the period. Maseco LLP bought a new position in Ollie’s Bargain Outlet in the 2nd quarter worth approximately $36,000. Shell Asset Management Co. acquired a new stake in Ollie’s Bargain Outlet in the 3rd quarter valued at approximately $37,000. Finally, Smartleaf Asset Management LLC increased its position in Ollie’s Bargain Outlet by 125.0% in the 3rd quarter. Smartleaf Asset Management LLC now owns 342 shares of the company’s stock valued at $45,000 after acquiring an additional 190 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.