Ollie's Bargain Outlet Holdings, Inc. (OLLI) - What Are Investment Firms Thinking About This Stock?

Key Points

• Analysts remain broadly positive: Ollie’s has a “Moderate Buy” consensus from 17 brokerages, with 13 buy ratings and an average 12-month price target of $103.50.
• Institutional interest has increased: Several investment firms, including Assenagon Asset Management and IFP Advisors, recently expanded their positions, while other funds initiated or increased holdings.
• Quarterly results exceeded earnings expectations: Ollie’s reported $1.42 in EPS versus the $1.12 consensus estimate, while revenue rose 9.1% year over year to $741.31 million, though it slightly missed revenue forecasts.

Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Get Free Report) has been given a consensus rating of "Moderate Buy" by the seventeen brokerages that are currently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $103.50.

OLLI has been the subject of several recent research reports. Truist Financial boosted their price target on shares of Ollie's Bargain Outlet from $80.00 to $85.00 and gave the company a "buy" rating in a report on Thursday, September 3rd. Craig Hallum reaffirmed a "buy" rating and issued a $120.00 price target on shares of Ollie's Bargain Outlet in a research report on Thursday, September 3rd. JPMorgan Chase & Co. increased their price objective on shares of Ollie's Bargain Outlet from $70.00 to $73.00 and gave the company a "neutral" rating in a research note on Tuesday, August 18th. Royal Bank Of Canada increased their price objective on shares of Ollie's Bargain Outlet from $121.00 to $124.00 and gave the company an "outperform" rating in a research note on Thursday, September 3rd. Finally, Weiss Ratings raised shares of Ollie's Bargain Outlet from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, October 8th.

Institutional Trading of Ollie's Bargain Outlet

A number of hedge funds have recently bought and sold shares of the stock. IFP Advisors Inc lifted its position in Ollie's Bargain Outlet by 13.3% during the third quarter. IFP Advisors Inc now owns 11,645 shares of the company's stock valued at $997,000 after acquiring an additional 1,370 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in Ollie's Bargain Outlet by 167.6% in the third quarter. Assenagon Asset Management S.A. now owns 10,938 shares of the company's stock valued at $937,000 after acquiring an additional 6,850 shares in the last quarter. GK Wealth Management LLC acquired a new stake in Ollie's Bargain Outlet in the third quarter valued at approximately $61,000. GAMMA Investing LLC boosted its stake in Ollie's Bargain Outlet by 36.8% in the third quarter. GAMMA Investing LLC now owns 2,232 shares of the company's stock valued at $191,000 after acquiring an additional 600 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in Ollie's Bargain Outlet by 26.7% in the third quarter. Farther Finance Advisors LLC now owns 622 shares of the company's stock worth $53,000 after purchasing an additional 131 shares during the last quarter.

Ollie's Bargain Outlet Trading Down 1.0%

Shares of Ollie's Bargain Outlet stock opened at $92.67 on Wednesday. The stock's fifty day moving average price is $80.50 and its 200-day moving average price is $79.60. The firm has a market cap of $5.50 billion, a P/E ratio of 20.69, a P/E/G ratio of 1.55 and a beta of 0.41. Ollie's Bargain Outlet has a 12 month low of $60.29 and a 12 month high of $130.40.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last released its quarterly earnings data on Wednesday, September 2nd. The company reported $1.42 earnings per share for the quarter, topping analysts' consensus estimates of $1.12 by $0.30. Ollie's Bargain Outlet had a net margin of 9.79% and a return on equity of 14.54%. The company had revenue of $741.31 million during the quarter, compared to analyst estimates of $747.71 million. During the same period in the prior year, the firm earned $0.99 earnings per share. The firm's revenue for the quarter was up 9.1% compared to the same quarter last year. Ollie's Bargain Outlet has set its FY 2026 guidance at 4.570-4.650 EPS. Analysts forecast that Ollie's Bargain Outlet will post 4.61 earnings per share for the current year.

Ollie's Bargain Outlet Company Profile

Ollie's Bargain Outlet Holdings, Inc operates Ollie's Bargain Outlet, a U.S. retailer specializing in closeout, excess, and salvage merchandise. Its stores offer a constantly changing assortment of brand-name and private-label products at discounted prices, with inventory varying according to available purchasing opportunities.

The company's product categories generally include housewares, food, health and beauty products, toys, books, electronics, clothing, hardware, seasonal merchandise, and home furnishings.

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