Ollie's Bargain Outlet (NASDAQ:OLLI) Sets New 52-Week High - What's Next?

Key Points

• Ollie's Bargain Outlet shares reached a new 52-week high of $140.25, with a recent trading price of $139.97 and a volume of 341,715 shares.
• Analysts have rated Ollie's stock with a consensus of "Moderate Buy," with price targets ranging from $126 to $159, reflecting strong confidence in its performance.
• For Q1, Ollie's reported earnings of $0.75 per share, exceeding expectations, alongside a 13.4% increase in revenue compared to the same quarter last year.

Shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Get Free Report) reached a new 52-week high during trading on Monday . The company traded as high as $140.25 and last traded at $139.97, with a volume of 341715 shares. The stock had previously closed at $138.04.

Analysts Set New Price Targets

Several analysts have recently weighed in on OLLI shares. Loop Capital cut shares of Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and set a $130.00 price objective on the stock. in a research report on Tuesday, June 24th. Wall Street Zen upgraded Ollie's Bargain Outlet from a "sell" rating to a "hold" rating in a research report on Tuesday, May 13th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $133.00 price objective on shares of Ollie's Bargain Outlet in a report on Wednesday, June 4th. KeyCorp set a $145.00 price objective on Ollie's Bargain Outlet and gave the company an "overweight" rating in a research report on Thursday, June 26th. Finally, Piper Sandler restated an "overweight" rating and issued a $123.00 target price (down previously from $124.00) on shares of Ollie's Bargain Outlet in a research report on Wednesday, June 4th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Ollie's Bargain Outlet has a consensus rating of "Moderate Buy" and an average target price of $126.79.

Ollie's Bargain Outlet Trading Down 0.6%

The business's fifty day simple moving average is $127.31 and its 200-day simple moving average is $115.09. The firm has a market cap of $8.50 billion, a P/E ratio of 42.68, a price-to-earnings-growth ratio of 3.16 and a beta of 0.40.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last posted its earnings results on Tuesday, June 3rd. The company reported $0.75 earnings per share for the quarter, topping analysts' consensus estimates of $0.70 by $0.05. Ollie's Bargain Outlet had a net margin of 8.59% and a return on equity of 12.27%. The company had revenue of $576.77 million during the quarter, compared to analyst estimates of $565.04 million. During the same period in the prior year, the business posted $0.73 earnings per share. Ollie's Bargain Outlet's revenue for the quarter was up 13.4% on a year-over-year basis. Analysts anticipate that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Insider Activity at Ollie's Bargain Outlet

In related news, CEO Der Valk Eric Van sold 728 shares of the stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $112.85, for a total transaction of $82,154.80. Following the transaction, the chief executive officer owned 7,761 shares in the company, valued at $875,828.85. This represents a 8.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.75% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. HM Payson & Co. bought a new position in Ollie's Bargain Outlet in the 1st quarter worth approximately $30,000. City Holding Co. purchased a new position in shares of Ollie's Bargain Outlet in the first quarter worth $31,000. Putney Financial Group LLC purchased a new position in Ollie's Bargain Outlet during the fourth quarter valued at $33,000. Assetmark Inc. increased its holdings in Ollie's Bargain Outlet by 44.8% in the 2nd quarter. Assetmark Inc. now owns 265 shares of the company's stock valued at $35,000 after acquiring an additional 82 shares during the last quarter. Finally, Maseco LLP bought a new stake in Ollie's Bargain Outlet in the 2nd quarter valued at $36,000.

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.