Ollie's Bargain Outlet (NASDAQ:OLLI) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Key Points

• Wells Fargo & Company raised the price target for Ollie's Bargain Outlet from $105.00 to $130.00, reflecting a potential upside of 1.33% from its previous close.
• KeyCorp set a higher price target of $145.00, while other analysts have varied ratings from "buy" to "hold," indicating a consensus rating of "Moderate Buy" with an average target price of $139.00.
• Ollie's Bargain Outlet's latest quarterly earnings showed a revenue increase of 17.5% year-over-year, with EPS of $0.99 surpassing estimates, underscoring strong business performance.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) had its price target upped by research analysts at Wells Fargo & Company from $105.00 to $130.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Wells Fargo & Company's price target suggests a potential upside of 2.89% from the stock's current price.

Other equities research analysts have also recently issued research reports about the stock. Jefferies Financial Group increased their target price on shares of Ollie's Bargain Outlet from $111.00 to $135.00 and gave the stock a "hold" rating in a research report on Friday. UBS Group raised their price objective on shares of Ollie's Bargain Outlet from $125.00 to $140.00 and gave the stock a "neutral" rating in a report on Friday. KeyCorp set a $145.00 target price on shares of Ollie's Bargain Outlet and gave the company an "overweight" rating in a research note on Thursday, June 26th. Loop Capital lowered 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 report on Tuesday, June 24th. Finally, JPMorgan Chase & Co. raised their price target on Ollie's Bargain Outlet from $137.00 to $159.00 and gave the company an "overweight" rating in a report on Monday, July 21st. Eight equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $143.46.

Ollie's Bargain Outlet Price Performance

Shares of OLLI traded down $0.49 during mid-day trading on Friday, reaching $126.35. The company had a trading volume of 1,114,699 shares, compared to its average volume of 1,176,406. The company has a market capitalization of $7.75 billion, a P/E ratio of 36.62, a P/E/G ratio of 2.61 and a beta of 0.45. Ollie's Bargain Outlet has a twelve month low of $86.67 and a twelve month high of $141.74. The company's 50-day moving average is $132.72 and its 200-day moving average is $117.96.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last announced its quarterly earnings results on Thursday, August 28th. The company reported $0.99 earnings per share for the quarter, beating 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 for the quarter, compared to analysts' expectations of $658.03 million. During the same period in the prior year, the business posted $0.78 earnings per share. The business's revenue was up 17.5% compared to the same quarter last year. Ollie's Bargain Outlet has set its FY 2025 guidance at 3.760-3.840 EPS. As a group, equities analysts expect that Ollie's Bargain Outlet will post 3.29 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Der Valk Eric Van sold 728 shares of Ollie's Bargain Outlet stock in a transaction on Friday, June 13th. The stock was sold at an average price of $112.85, for a total value of $82,154.80. Following the completion of the sale, the chief executive officer directly owned 7,761 shares of the company's stock, valued at approximately $875,828.85. This trade represents a 8.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.87% of the company's stock.

Hedge Funds Weigh In On Ollie's Bargain Outlet

Several hedge funds have recently added to or reduced their stakes in the company. Wasatch Advisors LP raised its holdings in Ollie's Bargain Outlet by 1.2% during the 2nd quarter. Wasatch Advisors LP now owns 4,062,147 shares of the company's stock worth $535,310,000 after purchasing an additional 49,603 shares during the last quarter. Invesco Ltd. raised its stake in shares of Ollie's Bargain Outlet by 55.5% during the second quarter. Invesco Ltd. now owns 2,552,605 shares of the company's stock worth $336,382,000 after buying an additional 911,364 shares during the last quarter. Hood River Capital Management LLC lifted its holdings in Ollie's Bargain Outlet by 165.4% in the second quarter. Hood River Capital Management LLC now owns 1,240,339 shares of the company's stock valued at $163,452,000 after buying an additional 773,013 shares during the period. Geode Capital Management LLC boosted its stake in Ollie's Bargain Outlet by 0.4% in the second quarter. Geode Capital Management LLC now owns 1,140,234 shares of the company's stock valued at $150,284,000 after acquiring an additional 5,000 shares during the last quarter. Finally, Geneva Capital Management LLC boosted its stake in Ollie's Bargain Outlet by 7.6% in the second quarter. Geneva Capital Management LLC now owns 1,129,086 shares of the company's stock valued at $148,791,000 after acquiring an additional 79,627 shares during the last quarter.

Ollie's Bargain Outlet Company Profile

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.