Ollie's Bargain Outlet (NASDAQ:OLLI) Updates FY 2025 Earnings Guidance

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) updated its FY 2025 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 3.650-3.750 for the period, compared to the consensus estimate of 3.730. The company issued revenue guidance of $2.6 billion-$2.6 billion, compared to the consensus revenue estimate of $2.6 billion.

Ollie's Bargain Outlet Stock Performance

Shares of Ollie's Bargain Outlet stock traded up $4.50 on Wednesday, hitting $114.41. 2,522,567 shares of the company's stock were exchanged, compared to its average volume of 1,187,678. The stock has a market capitalization of $7.03 billion, a PE ratio of 34.15, a PEG ratio of 2.21 and a beta of 0.45. Ollie's Bargain Outlet has a 1 year low of $82.84 and a 1 year high of $122.15. The company has a 50-day simple moving average of $111.57 and a 200-day simple moving average of $107.75.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last posted its quarterly earnings data on Tuesday, June 3rd. The company reported $0.75 earnings per share for the quarter, beating analysts' consensus estimates of $0.70 by $0.05. The firm had revenue of $576.77 million for the quarter, compared to analysts' expectations of $565.04 million. Ollie's Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The business's quarterly revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.73 EPS. On average, analysts expect that Ollie's Bargain Outlet will post 3.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on OLLI. Royal Bank of Canada restated an "outperform" rating and set a $133.00 price objective on shares of Ollie's Bargain Outlet in a research report on Wednesday. Wall Street Zen raised Ollie's Bargain Outlet from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. Jefferies Financial Group cut Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and cut their target price for the stock from $125.00 to $111.00 in a research report on Tuesday, February 4th. Piper Sandler reissued an "overweight" rating and issued a $123.00 price target (down from $124.00) on shares of Ollie's Bargain Outlet in a report on Wednesday. Finally, Truist Financial lifted their price objective on shares of Ollie's Bargain Outlet from $126.00 to $128.00 and gave the company a "buy" rating in a research report on Wednesday. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $124.50.

Insider Buying and Selling at Ollie's Bargain Outlet

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 transaction 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 represents a 8.70% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman John W. Swygert sold 3,331 shares of Ollie's Bargain Outlet stock in a transaction on Friday, April 4th. The stock was sold at an average price of $114.60, for a total transaction of $381,732.60. Following the transaction, the chairman now directly owns 48,200 shares of the company's stock, valued at $5,523,720. The trade was a 6.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 37,897 shares of company stock worth $4,227,970 over the last ninety days. Company insiders own 0.75% of the company's stock.

Hedge Funds Weigh In On Ollie's Bargain Outlet

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

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.