Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) released its earnings results on Thursday. The company reported $0.99 earnings per share for the quarter, topping analysts' consensus estimates of $0.91 by $0.08, Zacks reports. Ollie's Bargain Outlet had a return on equity of 12.27% and a net margin of 8.59%. Ollie's Bargain Outlet updated its FY 2025 guidance to 3.760-3.840 EPS.
Ollie's Bargain Outlet Price Performance
Shares of OLLI opened at $130.60 on Thursday. The business's 50-day moving average is $132.45 and its 200-day moving average is $117.29. The company has a market capitalization of $8.01 billion, a price-to-earnings ratio of 40.18, a P/E/G ratio of 2.93 and a beta of 0.40. Ollie's Bargain Outlet has a fifty-two week low of $86.29 and a fifty-two week high of $141.74.
Insider Buying and Selling
In other news, CEO Der Valk Eric Van sold 728 shares of the company's stock in a transaction on Friday, June 13th. The shares were 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 approximately $875,828.85. This represents a 8.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.75% of the company's stock.
Institutional Investors Weigh In On Ollie's Bargain Outlet
Several institutional investors and hedge funds have recently modified their holdings of the business. Thrivent Financial for Lutherans increased its holdings in shares of Ollie's Bargain Outlet by 0.6% during the 2nd quarter. Thrivent Financial for Lutherans now owns 14,458 shares of the company's stock valued at $1,905,000 after acquiring an additional 91 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of Ollie's Bargain Outlet in the second quarter valued at approximately $182,000. Corient Private Wealth LLC raised its position in shares of Ollie's Bargain Outlet by 54.4% in the second quarter. Corient Private Wealth LLC now owns 5,388 shares of the company's stock valued at $710,000 after purchasing an additional 1,898 shares during the period. Captrust Financial Advisors lifted its stake in shares of Ollie's Bargain Outlet by 66.7% in the second quarter. Captrust Financial Advisors now owns 13,078 shares of the company's stock worth $1,723,000 after buying an additional 5,234 shares during the last quarter. Finally, Vident Advisory LLC boosted its holdings in shares of Ollie's Bargain Outlet by 9.8% during the 2nd quarter. Vident Advisory LLC now owns 2,272 shares of the company's stock worth $299,000 after buying an additional 203 shares during the period.
Wall Street Analyst Weigh In
A number of analysts have recently commented on the company. 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. Royal Bank Of Canada lifted their target price on Ollie's Bargain Outlet from $133.00 to $144.00 and gave the stock an "outperform" rating in a report on Monday, August 18th. JPMorgan Chase & Co. upped 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. Truist Financial boosted their target price on shares of Ollie's Bargain Outlet from $128.00 to $146.00 and gave the stock a "buy" rating in a report on Wednesday, August 13th. Finally, Piper Sandler raised their target price on shares of Ollie's Bargain Outlet from $123.00 to $150.00 and gave the stock an "overweight" rating in a report on Tuesday, August 19th. Eight research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $132.62.
Check Out Our Latest Report on Ollie's Bargain Outlet
Ollie's Bargain Outlet Company Profile
(
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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.
See Also
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