Ollie’s Bargain Outlet (NASDAQ:OLLI) Updates FY 2025 Earnings Guidance

Ollie’s Bargain Outlet (NASDAQ:OLLI) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share guidance of 3.760-3.840 for the period, compared to the consensus earnings per share estimate of 3.740. The company issued revenue guidance of $2.6 billion-$2.6 billion, compared to the consensus revenue estimate of $2.6 billion.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on OLLI. Piper Sandler lifted 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 note on Tuesday, August 19th. Truist Financial increased their price objective on Ollie’s Bargain Outlet from $128.00 to $146.00 and gave the company a “buy” rating in a report on Wednesday, August 13th. Royal Bank Of Canada lifted their target price on Ollie’s Bargain Outlet from $133.00 to $144.00 and gave the stock an “outperform” rating in a report on Monday, August 18th. JPMorgan Chase & Co. upped their target price on Ollie’s Bargain Outlet from $137.00 to $159.00 and gave the company an “overweight” rating in a research report on Monday, July 21st. Finally, KeyCorp set a $145.00 price objective on shares of Ollie’s Bargain Outlet and gave the company an “overweight” rating in a research note on Thursday, June 26th. Eight equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Ollie’s Bargain Outlet currently has a consensus rating of “Moderate Buy” and an average target price of $132.62.

Ollie’s Bargain Outlet Price Performance

Ollie’s Bargain Outlet stock opened at $130.60 on Thursday. Ollie’s Bargain Outlet has a 12 month low of $86.29 and a 12 month high of $141.74. The stock has a market capitalization of $8.01 billion, a PE 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 simple moving average of $132.45 and a 200-day simple moving average of $117.29.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings results on Thursday, August 28th. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.91 by $0.08. Ollie’s Bargain Outlet had a net margin of 8.59% and a return on equity of 12.27%. Ollie’s Bargain Outlet has set its FY 2025 guidance at 3.760-3.840 EPS. On average, equities research analysts anticipate that Ollie’s Bargain Outlet will post 3.29 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Der Valk Eric Van sold 728 shares of Ollie’s Bargain Outlet stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $112.85, for a total value of $82,154.80. Following the sale, the chief executive officer directly owned 7,761 shares in the company, valued at approximately $875,828.85. The trade was a 8.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.75% of the company’s stock.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

Hedge funds and other institutional investors have recently made changes to their positions in the company. Headlands Technologies LLC purchased a new stake in shares of Ollie’s Bargain Outlet during the second quarter worth approximately $182,000. Glenview Trust co acquired a new stake in Ollie’s Bargain Outlet during the 2nd quarter worth $206,000. Nebula Research & Development LLC purchased a new stake in shares of Ollie’s Bargain Outlet during the second quarter worth $229,000. Jones Financial Companies Lllp raised its position in shares of Ollie’s Bargain Outlet by 993.4% in the first quarter. Jones Financial Companies Lllp now owns 2,154 shares of the company’s stock valued at $251,000 after buying an additional 1,957 shares during the last quarter. Finally, Vident Advisory LLC lifted its stake in shares of Ollie’s Bargain Outlet by 9.8% in the second quarter. Vident Advisory LLC now owns 2,272 shares of the company’s stock worth $299,000 after buying an additional 203 shares in the last quarter.

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.