KeyCorp Boosts Ollie's Bargain Outlet (NASDAQ:OLLI) Price Target to $154.00

Key Points

• KeyCorp raised its price target for Ollie's Bargain Outlet (NASDAQ:OLLI) from $145.00 to $154.00, indicating a potential upside of 11.25% from the current stock price.
• Several brokerages have recently upgraded Ollie's rating, resulting in a consensus rating of "Moderate Buy" along with an average price target of $144.15.
• Ollie's reported $0.99 earnings per share for the last quarter, surpassing analysts' expectations, with revenue increasing by 17.5% year-over-year.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) had its price objective boosted by research analysts at KeyCorp from $145.00 to $154.00 in a research report issued to clients and investors on Friday, Marketbeat Ratings reports. The brokerage presently has an "overweight" rating on the stock. KeyCorp's price target suggests a potential upside of 17.20% from the company's current price.

OLLI has been the topic of a number of other research reports. UBS Group boosted their price target on Ollie's Bargain Outlet from $125.00 to $140.00 and gave the stock a "neutral" rating in a research note on Friday, August 29th. 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. Citigroup reissued a "buy" rating on shares of Ollie's Bargain Outlet in a research report on Friday, August 29th. Royal Bank Of Canada boosted their price target on Ollie's Bargain Outlet from $144.00 to $149.00 and gave the company an "outperform" rating in a research note on Friday, August 29th. Finally, Piper Sandler lifted their target price on Ollie's Bargain Outlet from $123.00 to $150.00 and gave the stock an "overweight" rating in a report on Tuesday, August 19th. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $144.15.

Ollie's Bargain Outlet Stock Performance

OLLI traded down $1.54 during trading on Friday, hitting $131.40. The stock had a trading volume of 184,852 shares, compared to its average volume of 1,166,410. The company has a market capitalization of $8.06 billion, a PE ratio of 38.09, a PEG ratio of 2.81 and a beta of 0.45. Ollie's Bargain Outlet has a twelve month low of $86.88 and a twelve month high of $141.74. The stock has a 50 day simple moving average of $133.48 and a two-hundred day simple moving average of $121.11.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) 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. On average, equities research analysts anticipate that Ollie's Bargain Outlet will post 3.29 EPS for the current year.

Insider Buying and Selling

In related news, SVP James J. Comitale sold 2,117 shares of the stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $130.00, for a total value of $275,210.00. Following the completion of the transaction, the senior vice president directly owned 2,504 shares of the company's stock, valued at approximately $325,520. This represents a 45.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.87% of the company's stock.

Institutional Investors Weigh In On Ollie's Bargain Outlet

Large investors have recently modified their holdings of the business. Teacher Retirement System of Texas grew its holdings in shares of Ollie's Bargain Outlet by 63.8% during the first quarter. Teacher Retirement System of Texas now owns 11,711 shares of the company's stock worth $1,363,000 after buying an additional 4,563 shares in the last quarter. Axiom Investors LLC DE acquired a new position in Ollie's Bargain Outlet during the first quarter worth about $4,749,000. DAVENPORT & Co LLC lifted its stake in Ollie's Bargain Outlet by 10.6% in the 1st quarter. DAVENPORT & Co LLC now owns 2,266 shares of the company's stock worth $264,000 after purchasing an additional 217 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Ollie's Bargain Outlet by 25.5% in the 1st quarter. Bank of New York Mellon Corp now owns 881,996 shares of the company's stock worth $102,629,000 after purchasing an additional 179,452 shares in the last quarter. Finally, Stephens Investment Management Group LLC lifted its stake in Ollie's Bargain Outlet by 13.3% in the 1st quarter. Stephens Investment Management Group LLC now owns 809,282 shares of the company's stock worth $94,168,000 after purchasing an additional 95,204 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.