Ollie's Bargain Outlet (NASDAQ:OLLI) Issues Earnings Results

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) posted its quarterly earnings data on Tuesday. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.70 by $0.05, Zacks reports. Ollie's Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The business had revenue of $576.77 million for the quarter, compared to the consensus estimate of $565.04 million. During the same quarter in the prior year, the business earned $0.73 earnings per share. Ollie's Bargain Outlet's revenue for the quarter was up 13.4% on a year-over-year basis. Ollie's Bargain Outlet updated its FY 2025 guidance to 3.650-3.750 EPS.

Ollie's Bargain Outlet Stock Up 3.8%

Shares of OLLI stock traded up $4.36 on Friday, reaching $119.37. The company's stock had a trading volume of 1,070,665 shares, compared to its average volume of 1,177,392. Ollie's Bargain Outlet has a 12-month low of $82.84 and a 12-month high of $122.15. The company has a market capitalization of $7.32 billion, a P/E ratio of 35.63, a PEG ratio of 2.21 and a beta of 0.37. The stock's 50 day simple moving average is $111.66 and its 200-day simple moving average is $108.17.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on OLLI shares. Piper Sandler reiterated an "overweight" rating and issued a $123.00 price objective (down previously from $124.00) on shares of Ollie's Bargain Outlet in a research note on Wednesday. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $133.00 price target on shares of Ollie's Bargain Outlet in a report on Wednesday. Truist Financial raised their price target on Ollie's Bargain Outlet from $126.00 to $128.00 and gave the stock a "buy" rating in a report on Wednesday. KeyCorp reaffirmed an "overweight" rating and issued a $135.00 price target on shares of Ollie's Bargain Outlet in a report on Wednesday. Finally, JPMorgan Chase & Co. raised their price target on Ollie's Bargain Outlet from $135.00 to $137.00 and gave the stock an "overweight" rating in a report on Monday, May 19th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, Ollie's Bargain Outlet currently has an average rating of "Moderate Buy" and a consensus price target of $124.50.

Insider Buying and Selling

In related news, CFO Robert F. Helm sold 312 shares of the stock in a transaction on Monday, April 7th. The stock was sold at an average price of $107.17, for a total value of $33,437.04. Following the sale, the chief financial officer now owns 3,273 shares in the company, valued at approximately $350,767.41. This trade represents a 8.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robert Fisch sold 6,250 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $108.08, for a total value of $675,500.00. Following the completion of the sale, the director now owns 22,159 shares in the company, valued at $2,394,944.72. This trade represents a 22.00% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 37,897 shares of company stock worth $4,227,970. Corporate insiders own 0.75% of the company's stock.

Institutional Investors Weigh In On Ollie's Bargain Outlet

A number of large investors have recently added to or reduced their stakes in OLLI. Integrated Wealth Concepts LLC raised its position in Ollie's Bargain Outlet by 28.0% during the first quarter. Integrated Wealth Concepts LLC now owns 2,815 shares of the company's stock valued at $328,000 after purchasing an additional 615 shares in the last quarter. Jones Financial Companies Lllp raised its position in Ollie's Bargain Outlet by 993.4% during the first quarter. Jones Financial Companies Lllp now owns 2,154 shares of the company's stock valued at $251,000 after purchasing an additional 1,957 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Ollie's Bargain Outlet by 42.7% during the first quarter. Goldman Sachs Group Inc. now owns 446,277 shares of the company's stock valued at $51,929,000 after purchasing an additional 133,537 shares in the last quarter. Empowered Funds LLC purchased a new stake in Ollie's Bargain Outlet during the first quarter valued at about $359,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Ollie's Bargain Outlet by 12.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 183,412 shares of the company's stock valued at $21,342,000 after purchasing an additional 19,837 shares in the last quarter.

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.