Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) released its earnings results on Thursday. The company reported $0.99 EPS for the quarter, topping analysts' consensus estimates of $0.91 by $0.08, Zacks reports. 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 analyst estimates of $658.03 million. During the same quarter in the previous year, the business earned $0.78 EPS. The business's quarterly revenue was up 17.5% compared to the same quarter last year. Ollie's Bargain Outlet updated its FY 2025 guidance to 3.760-3.840 EPS.
Ollie's Bargain Outlet Stock Performance
OLLI traded down $1.20 on Tuesday, reaching $125.64. The company had a trading volume of 348,089 shares, compared to its average volume of 1,171,532. Ollie's Bargain Outlet has a fifty-two week low of $86.67 and a fifty-two week high of $141.74. The stock has a market cap of $7.71 billion, a P/E ratio of 36.41, a P/E/G ratio of 2.61 and a beta of 0.45. The company's fifty day moving average is $132.72 and its 200 day moving average is $117.96.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on OLLI shares. Royal Bank Of Canada boosted their price target on shares of Ollie's Bargain Outlet from $144.00 to $149.00 and gave the stock an "outperform" rating in a research report on Friday. Citigroup reissued a "buy" rating on shares of Ollie's Bargain Outlet in a research report on Friday. JPMorgan Chase & Co. boosted their price target on shares of Ollie's Bargain Outlet from $137.00 to $159.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. Wall Street Zen raised shares of Ollie's Bargain Outlet from a "sell" rating to a "hold" rating in a report on Tuesday, May 13th. Finally, KeyCorp set a $145.00 price target on Ollie's Bargain Outlet and gave the stock an "overweight" rating in a research report on Thursday, June 26th. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $143.46.
Get Our Latest Report on Ollie's Bargain Outlet
Insider Buying and Selling
In related news, CEO Der Valk Eric Van sold 728 shares of the company's stock in a transaction dated 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 owned 7,761 shares in the company, valued at approximately $875,828.85. This represents a 8.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.87% of the company's stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the business. Diversify Advisory Services LLC grew its position in shares of Ollie's Bargain Outlet by 16.2% during the 2nd quarter. Diversify Advisory Services LLC now owns 4,404 shares of the company's stock worth $585,000 after purchasing an additional 615 shares in the last quarter. Rafferty Asset Management LLC grew its position in shares of Ollie's Bargain Outlet by 5.2% during the 2nd quarter. Rafferty Asset Management LLC now owns 4,277 shares of the company's stock worth $564,000 after purchasing an additional 211 shares in the last quarter. Jump Financial LLC acquired a new position in shares of Ollie's Bargain Outlet during the 2nd quarter worth approximately $382,000. Empowered Funds LLC acquired a new position in shares of Ollie's Bargain Outlet during the 1st quarter worth approximately $359,000. Finally, Benjamin Edwards Inc. grew its position in shares of Ollie's Bargain Outlet by 13.7% during the 2nd quarter. Benjamin Edwards Inc. now owns 2,600 shares of the company's stock worth $343,000 after purchasing an additional 313 shares in the last quarter.
About Ollie's Bargain Outlet
(
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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.
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