Brokerages Set Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Price Target at $143.46

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 a consensus recommendation of "Moderate Buy" from the thirteen brokerages that are currently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $144.1538.

OLLI has been the topic of several research reports. Piper Sandler raised their price target on shares of Ollie's Bargain Outlet from $123.00 to $150.00 and gave the company an "overweight" rating in a report on Tuesday, August 19th. Loop Capital lowered shares of Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and set a $130.00 price target on the stock. in a report on Tuesday, June 24th. JPMorgan Chase & Co. raised their price target on shares of Ollie's Bargain Outlet from $137.00 to $159.00 and gave the company an "overweight" rating in a report on Monday, July 21st. Wall Street Zen upgraded shares of Ollie's Bargain Outlet from a "hold" rating to a "buy" rating in a report on Saturday, September 6th. Finally, Wells Fargo & Company raised 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 report on Friday, August 29th.

Insider Transactions at Ollie's Bargain Outlet

In other Ollie's Bargain Outlet news, SVP James J. Comitale sold 2,117 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $130.00, for a total value of $275,210.00. Following the completion of the sale, the senior vice president owned 2,504 shares of the company's stock, valued at $325,520. This trade represents a 45.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.75% of the stock is owned by company insiders.

Institutional Trading of Ollie's Bargain Outlet

Large investors have recently bought and sold shares of the company. HM Payson & Co. acquired a new stake in Ollie's Bargain Outlet in the first quarter valued at approximately $30,000. Assetmark Inc. grew its position in Ollie's Bargain Outlet by 44.8% in the second quarter. Assetmark Inc. now owns 265 shares of the company's stock valued at $35,000 after acquiring an additional 82 shares in the last quarter. City Holding Co. acquired a new stake in Ollie's Bargain Outlet in the first quarter valued at approximately $31,000. Maseco LLP acquired a new stake in Ollie's Bargain Outlet in the second quarter valued at approximately $36,000. Finally, Putney Financial Group LLC acquired a new stake in Ollie's Bargain Outlet in the fourth quarter valued at approximately $33,000.

Ollie's Bargain Outlet Trading Down 0.6%

Shares of NASDAQ OLLI traded down $0.83 on Tuesday, reaching $137.48. 1,515,331 shares of the company traded hands, compared to its average volume of 1,216,243. Ollie's Bargain Outlet has a fifty-two week low of $86.88 and a fifty-two week high of $141.74. The company has a 50 day moving average of $133.39 and a 200 day moving average of $120.68. The stock has a market capitalization of $8.43 billion, a PE ratio of 39.85, a P/E/G ratio of 2.83 and a beta of 0.45.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last posted its earnings results on Thursday, August 28th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.91 by $0.08. Ollie's Bargain Outlet had a net margin of 8.74% and a return on equity of 12.66%. The firm had revenue of $679.56 million during the quarter, compared to the consensus estimate of $658.03 million. During the same quarter in the prior year, the company earned $0.78 EPS. The company's 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, research analysts expect that Ollie's Bargain Outlet will post 3.29 earnings per share for the current year.

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.