Ollie's Bargain Outlet (NASDAQ:OLLI) Lowered to "Hold" Rating by Wall Street Zen

Key Points

• Ollie's Bargain Outlet was downgraded from a "buy" to a "hold" rating by Wall Street Zen, signaling a shift in market confidence.
• Despite the downgrade, Ollie's has a consensus rating of "Moderate Buy" among analysts, with an average price target of $144.15.
• The company's latest earnings report showed a 17.5% year-over-year revenue increase, surpassing estimates with revenues of $679.56 million.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Friday.

OLLI has been the topic of a number of other research reports. Loop Capital cut Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and set a $130.00 price target on the stock. in a research note on Tuesday, June 24th. KeyCorp raised their price objective on Ollie's Bargain Outlet from $145.00 to $154.00 and gave the company an "overweight" rating in a research note on Friday, September 19th. JPMorgan Chase & Co. lifted their price target on Ollie's Bargain Outlet from $137.00 to $159.00 and gave the company an "overweight" rating in a research note on Monday, July 21st. Wells Fargo & Company lifted their price target on Ollie's Bargain Outlet from $105.00 to $130.00 and gave the company an "equal weight" rating in a research note on Friday, August 29th. Finally, Citigroup reissued a "buy" rating on shares of Ollie's Bargain Outlet in a research note on Friday, August 29th. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $144.15.

Ollie's Bargain Outlet Stock Performance

NASDAQ OLLI traded down $1.25 during trading hours on Friday, reaching $132.40. 1,036,537 shares of the company's stock were exchanged, compared to its average volume of 1,045,377. The company's 50-day moving average is $133.84 and its two-hundred day moving average is $121.73. Ollie's Bargain Outlet has a one year low of $86.88 and a one year high of $141.74. The company has a market capitalization of $8.12 billion, a price-to-earnings ratio of 38.38, a price-to-earnings-growth ratio of 2.73 and a beta of 0.45.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last released its quarterly earnings results on Thursday, August 28th. The company reported $0.99 earnings per share for the quarter, topping analysts' consensus estimates of $0.91 by $0.08. Ollie's Bargain Outlet had a return on equity of 12.66% and a net margin of 8.74%.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 firm posted $0.78 EPS. The business'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. Research analysts predict that Ollie's Bargain Outlet will post 3.29 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Chairman John W. Swygert sold 107,058 shares of Ollie's Bargain Outlet stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $132.87, for a total value of $14,224,796.46. Following the completion of the sale, the chairman owned 48,200 shares of the company's stock, valued at approximately $6,404,334. This trade represents a 68.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP James J. Comitale sold 2,117 shares of the business's stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $130.00, for a total transaction of $275,210.00. Following 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 position. The disclosure for this sale can be found here. 0.75% of the stock is owned by company insiders.

Institutional Investors Weigh In On Ollie's Bargain Outlet

Several institutional investors have recently bought and sold shares of OLLI. HM Payson & Co. bought a new stake in Ollie's Bargain Outlet during the first quarter worth $30,000. City Holding Co. purchased a new position in shares of Ollie's Bargain Outlet during the 1st quarter valued at $31,000. Assetmark Inc. lifted its position in shares of Ollie's Bargain Outlet by 44.8% during the 2nd quarter. Assetmark Inc. now owns 265 shares of the company's stock valued at $35,000 after buying an additional 82 shares during the last quarter. Maseco LLP purchased a new stake in Ollie's Bargain Outlet during the 2nd quarter worth about $36,000. Finally, Opal Wealth Advisors LLC purchased a new stake in Ollie's Bargain Outlet during the 1st quarter worth about $38,000.

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.

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