Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• Ollie's Bargain Outlet Holdings, Inc. has received a consensus rating of "Moderate Buy" from analysts, with five holding the stock and nine giving it a buy recommendation.
• Recent price target increases from analysts include JPMorgan Chase raising it to $159.00, while Bank of America has set a target of $145.00.
• Ollie's reported a 17.5% increase in revenue year-over-year, with earnings per share surpassing analysts' expectations by $0.08.

Shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the fourteen analysts that are currently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $144.1538.

OLLI has been the subject of several recent analyst reports. JPMorgan Chase & Co. upped their target price 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. Bank of America upped their target price on Ollie's Bargain Outlet from $130.00 to $145.00 and gave the stock a "buy" rating in a research note on Friday, August 29th. Weiss Ratings reissued a "buy (b)" rating on shares of Ollie's Bargain Outlet in a report on Wednesday. KeyCorp boosted their price objective on Ollie's Bargain Outlet from $145.00 to $154.00 and gave the stock an "overweight" rating in a research report on Friday, September 19th. Finally, Citigroup restated a "buy" rating on shares of Ollie's Bargain Outlet in a research report on Friday, August 29th.

Insider Transactions at Ollie's Bargain Outlet

In related news, SVP James J. Comitale sold 2,117 shares of the business's stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $130.00, for a total transaction of $275,210.00. Following the sale, the senior vice president owned 2,504 shares in the company, valued at $325,520. The trade was a 45.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Larry Kraus sold 3,159 shares of the business's stock in a transaction on Monday, October 6th. The stock was sold at an average price of $131.46, for a total value of $415,282.14. Following the sale, the senior vice president owned 3,679 shares in the company, valued at $483,641.34. This represents a 46.20% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 116,334 shares of company stock worth $15,444,369. 0.75% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. HM Payson & Co. bought a new position in Ollie's Bargain Outlet during the 1st quarter worth $30,000. Assetmark Inc. raised its position in Ollie's Bargain Outlet by 44.8% during the 2nd quarter. Assetmark Inc. now owns 265 shares of the company's stock worth $35,000 after purchasing an additional 82 shares during the last quarter. Maseco LLP bought a new position in Ollie's Bargain Outlet during the 2nd quarter worth $36,000. Opal Wealth Advisors LLC bought a new position in Ollie's Bargain Outlet during the 1st quarter worth $38,000. Finally, Brooklyn Investment Group grew its holdings in Ollie's Bargain Outlet by 133.5% during the 1st quarter. Brooklyn Investment Group now owns 390 shares of the company's stock worth $45,000 after acquiring an additional 223 shares during the period.

Ollie's Bargain Outlet Price Performance

NASDAQ OLLI opened at $124.60 on Friday. The business has a fifty day moving average price of $132.22 and a two-hundred day moving average price of $123.34. Ollie's Bargain Outlet has a fifty-two week low of $86.88 and a fifty-two week high of $141.74. The stock has a market capitalization of $7.64 billion, a PE ratio of 36.12, a PEG ratio of 2.58 and a beta of 0.42.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last released its earnings results on Thursday, August 28th. The company reported $0.99 earnings per share for the quarter, topping 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 analysts' expectations of $658.03 million. During the same period in the prior year, the company earned $0.78 earnings per share. The company's quarterly revenue was up 17.5% on a year-over-year basis. Ollie's Bargain Outlet has set its FY 2025 guidance at 3.760-3.840 EPS. As a group, sell-side analysts expect that Ollie's Bargain Outlet will post 3.29 earnings per share for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.