Ollie's Bargain Outlet (NASDAQ:OLLI) Posts Quarterly Earnings Results, Beats Expectations By $0.05 EPS

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

Ollie's Bargain Outlet Stock Performance

Shares of OLLI traded up $4.50 during trading hours on Wednesday, hitting $114.41. 2,522,567 shares of the stock were exchanged, compared to its average volume of 1,187,678. The stock's 50-day moving average price is $111.57 and its two-hundred day moving average price is $107.75. The company has a market cap of $7.03 billion, a price-to-earnings ratio of 34.15, a price-to-earnings-growth ratio of 2.21 and a beta of 0.45. Ollie's Bargain Outlet has a 12-month low of $82.84 and a 12-month high of $122.15.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. KeyCorp restated an "overweight" rating and issued a $135.00 price objective on shares of Ollie's Bargain Outlet in a research note on Wednesday. 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. Royal Bank of Canada reissued an "outperform" rating and set a $133.00 target price on shares of Ollie's Bargain Outlet in a report on Wednesday. UBS Group increased their price target on Ollie's Bargain Outlet from $117.00 to $123.00 and gave the stock a "neutral" rating in a research report on Thursday, March 20th. Finally, Jefferies Financial Group downgraded Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and lowered their target price for the stock from $125.00 to $111.00 in a research note on Tuesday, February 4th. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $124.50.

Insider Activity at Ollie's Bargain Outlet

In other news, CFO Robert F. Helm sold 312 shares of the company's 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 transaction, the chief financial officer now owns 3,273 shares of the company's stock, valued at $350,767.41. This represents a 8.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert Fisch sold 6,250 shares of the business's stock in a transaction that occurred on Monday, March 24th. The shares were 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 directly owns 22,159 shares in the company, valued at approximately $2,394,944.72. The trade was a 22.00% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,897 shares of company stock valued at $4,227,970. Corporate insiders own 0.75% of the company's stock.

Hedge Funds Weigh In On Ollie's Bargain Outlet

Several institutional investors have recently modified their holdings of the business. Jones Financial Companies Lllp raised its stake in shares of Ollie's Bargain Outlet by 993.4% in the first quarter. Jones Financial Companies Lllp now owns 2,154 shares of the company's stock valued at $251,000 after acquiring an additional 1,957 shares in the last quarter. Integrated Wealth Concepts LLC boosted its stake in shares of Ollie's Bargain Outlet by 28.0% in the 1st quarter. Integrated Wealth Concepts LLC now owns 2,815 shares of the company's stock valued at $328,000 after buying an additional 615 shares during the period. Empowered Funds LLC acquired a new position in shares of Ollie's Bargain Outlet during the first quarter worth about $359,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of 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 worth $21,342,000 after buying an additional 19,837 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in Ollie's Bargain Outlet by 42.7% in the first quarter. Goldman Sachs Group Inc. now owns 446,277 shares of the company's stock valued at $51,929,000 after acquiring an additional 133,537 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.