Ollie’s Bargain Outlet (NASDAQ:OLLI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Ollie’s Bargain Outlet (NASDAQ:OLLI) from a hold rating to a buy rating in a research report sent to investors on Saturday.

Several other analysts have also commented on the company. Truist Financial increased their price objective on Ollie’s Bargain Outlet from $146.00 to $148.00 and gave the company a “buy” rating in a report on Thursday, August 28th. Loop Capital lowered Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and set a $130.00 price objective for the company. in a report on Tuesday, June 24th. Bank of America increased their price objective on Ollie’s Bargain Outlet from $130.00 to $145.00 and gave the company a “buy” rating in a report on Friday, August 29th. KeyCorp set a $145.00 target price on Ollie’s Bargain Outlet and gave the company an “overweight” rating in a research report on Thursday, June 26th. Finally, Royal Bank Of Canada raised their target price on Ollie’s Bargain Outlet from $144.00 to $149.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Eight investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Ollie’s Bargain Outlet currently has an average rating of “Moderate Buy” and an average target price of $143.46.

Ollie’s Bargain Outlet Trading Down 0.8%

Shares of OLLI opened at $132.36 on Friday. Ollie’s Bargain Outlet has a 12 month low of $86.88 and a 12 month high of $141.74. The stock has a fifty day moving average price of $132.63 and a 200-day moving average price of $118.88. The firm has a market cap of $8.11 billion, a PE ratio of 38.37, a P/E/G ratio of 2.73 and a beta of 0.45.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings data on Thursday, August 28th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.91 by $0.08. Ollie’s Bargain Outlet had a return on equity of 12.66% and a net margin of 8.74%.The firm had revenue of $679.56 million during the quarter, compared to analyst estimates of $658.03 million. During the same quarter in the prior year, the business posted $0.78 EPS. The business’s revenue for the quarter was up 17.5% compared to the same quarter last year. Ollie’s Bargain Outlet has set its FY 2025 guidance at 3.760-3.840 EPS. As a group, research analysts forecast that Ollie’s Bargain Outlet will post 3.29 EPS for the current year.

Insider Activity

In other Ollie’s Bargain Outlet news, CEO Der Valk Eric Van sold 728 shares of the stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $112.85, for a total transaction of $82,154.80. Following the sale, the chief executive officer directly owned 7,761 shares of the company’s stock, valued at approximately $875,828.85. This trade represents a 8.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP James J. Comitale sold 2,117 shares of the stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $130.00, for a total value of $275,210.00. Following the sale, the senior vice president directly owned 2,504 shares in the company, valued at $325,520. This represents a 45.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.87% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Ollie’s Bargain Outlet

A number of institutional investors have recently modified their holdings of the business. Wasatch Advisors LP grew its position in shares of Ollie’s Bargain Outlet by 1.2% during the 2nd quarter. Wasatch Advisors LP now owns 4,062,147 shares of the company’s stock valued at $535,310,000 after acquiring an additional 49,603 shares during the period. Invesco Ltd. grew its position in shares of Ollie’s Bargain Outlet by 55.5% during the 2nd quarter. Invesco Ltd. now owns 2,552,605 shares of the company’s stock valued at $336,382,000 after acquiring an additional 911,364 shares during the period. Hood River Capital Management LLC grew its position in shares of Ollie’s Bargain Outlet by 165.4% during the 2nd quarter. Hood River Capital Management LLC now owns 1,240,339 shares of the company’s stock valued at $163,452,000 after acquiring an additional 773,013 shares during the period. Geode Capital Management LLC grew its position in shares of Ollie’s Bargain Outlet by 0.4% during the 2nd quarter. Geode Capital Management LLC now owns 1,140,234 shares of the company’s stock valued at $150,284,000 after acquiring an additional 5,000 shares during the period. Finally, Geneva Capital Management LLC grew its position in shares of Ollie’s Bargain Outlet by 7.6% during the 2nd quarter. Geneva Capital Management LLC now owns 1,129,086 shares of the company’s stock valued at $148,791,000 after acquiring an additional 79,627 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.