Ollie's Bargain Outlet (NASDAQ:OLLI) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Key Points

• Ollie's Bargain Outlet received a price target increase from $111.00 to $135.00 by Jefferies Financial Group, indicating a potential upside of 2.75% from its previous close.
• Royal Bank Of Canada and Piper Sandler have also recently increased their price targets, with Piper Sandler raising it from $123.00 to $150.00.
• The company's recent earnings report showed an EPS of $0.99, exceeding analysts' expectations and reflecting a 17.5% year-over-year revenue growth.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) had its target price boosted by research analysts at Jefferies Financial Group from $111.00 to $135.00 in a research report issued on Friday,Benzinga reports. The firm currently has a "hold" rating on the stock. Jefferies Financial Group's target price indicates a potential upside of 2.75% from the stock's previous close.

OLLI has been the subject of a number of other reports. Royal Bank Of Canada boosted their target price on shares of Ollie's Bargain Outlet from $133.00 to $144.00 and gave the company an "outperform" rating in a research note on Monday, August 18th. Piper Sandler upped their price target on shares of Ollie's Bargain Outlet from $123.00 to $150.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 19th. KeyCorp set a $145.00 price target on shares of Ollie's Bargain Outlet and gave the stock an "overweight" rating in a research note on Thursday, June 26th. Wall Street Zen raised shares of Ollie's Bargain Outlet from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. Finally, Truist Financial upped their price target on shares of Ollie's Bargain Outlet from $128.00 to $146.00 and gave the stock a "buy" rating in a research note on Wednesday, August 13th. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $134.46.

Ollie's Bargain Outlet Stock Up 0.6%

Ollie's Bargain Outlet stock opened at $131.39 on Friday. The firm has a 50-day moving average price of $132.67 and a two-hundred day moving average price of $117.49. The firm has a market capitalization of $8.06 billion, a price-to-earnings ratio of 40.43, a PEG ratio of 2.93 and a beta of 0.40. Ollie's Bargain Outlet has a 52-week low of $86.29 and a 52-week high of $141.74.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last posted its earnings results on Thursday, August 28th. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.91 by $0.08. The firm had revenue of $679.56 million during the quarter, compared to analyst estimates of $658.03 million. Ollie's Bargain Outlet had a net margin of 8.59% and a return on equity of 12.27%. Ollie's Bargain Outlet's revenue was up 17.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.78 EPS. Ollie's Bargain Outlet has set its FY 2025 guidance at 3.760-3.840 EPS. Research analysts expect that Ollie's Bargain Outlet will post 3.29 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Der Valk Eric Van sold 728 shares of the stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $112.85, for a total transaction 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 $875,828.85. This represents a 8.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.75% of the stock is currently owned by corporate insiders.

Institutional Trading of Ollie's Bargain Outlet

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Assetmark Inc. lifted its stake in Ollie's Bargain Outlet by 44.8% during the second quarter. Assetmark Inc. now owns 265 shares of the company's stock valued at $35,000 after purchasing an additional 82 shares during the last quarter. Blue Barn Wealth LLC lifted its stake in Ollie's Bargain Outlet by 2.8% during the second quarter. Blue Barn Wealth LLC now owns 3,114 shares of the company's stock valued at $410,000 after purchasing an additional 86 shares during the last quarter. MAI Capital Management lifted its stake in Ollie's Bargain Outlet by 28.5% during the second quarter. MAI Capital Management now owns 397 shares of the company's stock valued at $52,000 after purchasing an additional 88 shares during the last quarter. Wedmont Private Capital lifted its stake in Ollie's Bargain Outlet by 4.5% during the first quarter. Wedmont Private Capital now owns 2,084 shares of the company's stock valued at $238,000 after purchasing an additional 89 shares during the last quarter. Finally, Belpointe Asset Management LLC lifted its stake in Ollie's Bargain Outlet by 1.3% during the first quarter. Belpointe Asset Management LLC now owns 7,001 shares of the company's stock valued at $815,000 after purchasing an additional 91 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.

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