Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Ollie's Bargain Outlet Holdings, Inc. has been given a consensus rating of "Moderate Buy" by 14 analysts, with an average twelve-month price target of $130.79.
• The company reported a 13.4% year-over-year increase in quarterly revenue, amounting to $576.77 million, and beat EPS estimates by $0.05.
• Notable recent stock ratings include recommendations from Truist Financial and JPMorgan, with price targets raised to $146.00 and $159.00, respectively.

Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the fourteen ratings firms that are presently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $130.7857.

OLLI has been the topic of a number of recent research reports. Loop Capital lowered Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and set a $130.00 price target on the stock. in a research note on Tuesday, June 24th. Wall Street Zen raised Ollie's Bargain Outlet from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. Truist Financial lifted their price objective on Ollie's Bargain Outlet from $128.00 to $146.00 and gave the stock a "buy" rating in a research note on Wednesday, August 13th. KeyCorp set a $145.00 price objective on Ollie's Bargain Outlet and gave the stock an "overweight" rating in a research note on Thursday, June 26th. Finally, JPMorgan Chase & Co. lifted their price objective on 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.

Ollie's Bargain Outlet Trading Down 0.6%

Shares of OLLI stock opened at $134.13 on Friday. The business's 50-day moving average price is $131.41 and its 200-day moving average price is $116.62. Ollie's Bargain Outlet has a 12 month low of $86.29 and a 12 month high of $141.74. The firm has a market capitalization of $8.23 billion, a price-to-earnings ratio of 41.27, a PEG ratio of 3.02 and a beta of 0.40.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last announced its quarterly earnings results on Tuesday, June 3rd. The company reported $0.75 EPS for the quarter, beating analysts' consensus estimates of $0.70 by $0.05. Ollie's Bargain Outlet had a return on equity of 12.27% and a net margin of 8.59%.The firm had revenue of $576.77 million for the quarter, compared to analyst estimates of $565.04 million. During the same period last year, the firm posted $0.73 earnings per share. The business's revenue for the quarter was up 13.4% on a year-over-year basis. Ollie's Bargain Outlet has set its FY 2025 guidance at 3.650-3.750 EPS. On average, sell-side analysts predict that Ollie's Bargain Outlet will post 3.29 earnings per share for the current fiscal year.

Insider Activity at Ollie's Bargain Outlet

In related news, CEO Der Valk Eric Van sold 728 shares of Ollie's Bargain Outlet stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $112.85, for a total value of $82,154.80. Following the transaction, the chief executive officer directly owned 7,761 shares of the company's stock, valued at $875,828.85. The trade was a 8.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.75% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Ollie's Bargain Outlet

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Caxton Associates LP bought a new stake in Ollie's Bargain Outlet in the fourth quarter worth approximately $438,000. Schonfeld Strategic Advisors LLC increased its holdings in Ollie's Bargain Outlet by 85.2% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 5,800 shares of the company's stock worth $636,000 after purchasing an additional 2,668 shares in the last quarter. Teacher Retirement System of Texas increased its holdings in Ollie's Bargain Outlet by 63.8% in the first quarter. Teacher Retirement System of Texas now owns 11,711 shares of the company's stock worth $1,363,000 after purchasing an additional 4,563 shares in the last quarter. DAVENPORT & Co LLC increased its holdings in Ollie's Bargain Outlet by 10.6% in the first 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. Finally, Bank of New York Mellon Corp increased its holdings in Ollie's Bargain Outlet by 25.5% in the first 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.

Ollie's Bargain Outlet Company Profile

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.

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