Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Receives Average Recommendation of "Moderate Buy" from Brokerages

Key Points

• Ollie's Bargain Outlet Holdings, Inc. is rated as a "Moderate Buy" by 13 brokerages, with 8 analysts recommending to buy the stock, while 5 suggest holding it.
• The company's stock target price averages around $143.46, with Bank of America recently increasing its target to $145.00.
• Ollie's reported a 17.5% increase in quarterly revenue year-over-year, achieving $0.99 earnings per share, surpassing analyst expectations.

Shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the thirteen brokerages that are currently covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $143.4615.

A number of research analysts have weighed in on OLLI shares. Bank of America raised their target price on shares of 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. KeyCorp set a $145.00 target price on shares of Ollie's Bargain Outlet and gave the stock an "overweight" rating in a research note on Thursday, June 26th. UBS Group raised their target price on shares of 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. Citigroup reissued a "buy" rating on shares of Ollie's Bargain Outlet in a research note on Friday, August 29th. Finally, Wells Fargo & Company lifted their price target on shares of Ollie's Bargain Outlet from $105.00 to $130.00 and gave the company an "equal weight" rating in a research report on Friday, August 29th.

Ollie's Bargain Outlet Trading Up 3.6%

Shares of Ollie's Bargain Outlet stock opened at $136.25 on Tuesday. The firm has a market capitalization of $8.35 billion, a PE ratio of 39.49, a P/E/G ratio of 2.69 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 firm's 50-day moving average price is $132.60 and its 200 day moving average price is $119.99.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last issued its quarterly earnings results on Thursday, August 28th. The company reported $0.99 earnings per share for the quarter, beating analysts' consensus estimates of $0.91 by $0.08. The firm had revenue of $679.56 million for the quarter, compared to analyst estimates of $658.03 million. Ollie's Bargain Outlet had a net margin of 8.74% and a return on equity of 12.66%. Ollie's Bargain Outlet's quarterly revenue was up 17.5% compared to the same quarter last year. During the same period last year, the company posted $0.78 EPS. Ollie's Bargain Outlet has set its FY 2025 guidance at 3.760-3.840 EPS. On average, sell-side analysts predict that Ollie's Bargain Outlet will post 3.29 EPS for the current fiscal year.

Insider Transactions at Ollie's Bargain Outlet

In other Ollie's Bargain Outlet news, SVP James J. Comitale sold 2,117 shares of the business's stock in a transaction that occurred 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 sale, the senior vice president owned 2,504 shares of the company's stock, valued at $325,520. The trade was a 45.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.87% of the stock is currently owned by insiders.

Institutional Trading of Ollie's Bargain Outlet

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cetera Investment Advisers lifted its position in shares of Ollie's Bargain Outlet by 42.2% during the fourth quarter. Cetera Investment Advisers now owns 19,084 shares of the company's stock worth $2,094,000 after purchasing an additional 5,660 shares in the last quarter. Deutsche Bank AG lifted its position in shares of Ollie's Bargain Outlet by 253.3% during the fourth quarter. Deutsche Bank AG now owns 17,168 shares of the company's stock worth $1,884,000 after purchasing an additional 12,308 shares in the last quarter. Nomura Holdings Inc. acquired a new position in shares of Ollie's Bargain Outlet in the fourth quarter worth $893,000. ProShare Advisors LLC grew its stake in shares of Ollie's Bargain Outlet by 7.7% in the fourth quarter. ProShare Advisors LLC now owns 2,871 shares of the company's stock worth $315,000 after acquiring an additional 205 shares in the last quarter. Finally, Royal Bank of Canada grew its stake in shares of Ollie's Bargain Outlet by 48.5% in the fourth quarter. Royal Bank of Canada now owns 649,382 shares of the company's stock worth $71,257,000 after acquiring an additional 212,055 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.

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.