Ollie's Bargain Outlet's (OLLI) "Buy (B)" Rating Reiterated at Weiss Ratings

Key Points

• Ollie's Bargain Outlet received a "buy" rating from Weiss Ratings in a recent research report, reiterating confidence in the stock's performance.
• Analysts have raised their target prices for Ollie's stock, with UBS increasing it from $125 to $140 and JPMorgan from $137 to $159, reflecting a positive outlook from various research firms.
• The company reported a 17.5% year-over-year revenue increase with earnings per share (EPS) coming in at $0.99, surpassing analysts' expectations of $0.91.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report)'s stock had its "buy (b)" rating restated by investment analysts at Weiss Ratings in a research report issued on Saturday,Weiss Ratings reports.

Other research analysts have also issued reports about the stock. UBS Group boosted their target price on shares of Ollie's Bargain Outlet from $125.00 to $140.00 and gave the company a "neutral" rating in a research note on Friday, August 29th. Wells Fargo & Company boosted their price target on shares of Ollie's Bargain Outlet from $105.00 to $130.00 and gave the stock an "equal weight" rating in a research report on Friday, August 29th. Royal Bank Of Canada dropped their price target on shares of Ollie's Bargain Outlet from $149.00 to $147.00 and set an "outperform" rating on the stock in a research report on Friday. JPMorgan Chase & Co. boosted their price target on shares of Ollie's Bargain Outlet from $137.00 to $159.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. Finally, Morgan Stanley boosted their price target on shares of Ollie's Bargain Outlet from $118.00 to $145.00 and gave the stock an "equal weight" rating in a research report on Friday, August 29th. Nine analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $144.00.

Ollie's Bargain Outlet Stock Down 3.3%

Ollie's Bargain Outlet stock opened at $117.13 on Friday. The firm has a 50-day moving average price of $129.70 and a two-hundred day moving average price of $124.25. The firm has a market capitalization of $7.18 billion, a price-to-earnings ratio of 33.95, a PEG ratio of 2.39 and a beta of 0.42. Ollie's Bargain Outlet has a 52-week low of $86.88 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 8.74% and a return on equity of 12.66%. 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.

Insiders Place Their Bets

In related news, CFO Robert F. Helm sold 1,493 shares of the business's stock in a transaction that occurred on Friday, October 17th. The shares were sold at an average price of $122.92, for a total value of $183,519.56. Following the sale, the chief financial officer directly owned 4,008 shares in the company, valued at $492,663.36. The trade was a 27.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Der Valk Eric Van sold 4,000 shares of the business's stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $132.27, for a total transaction of $529,080.00. Following the completion of the sale, the chief executive officer owned 7,761 shares in the company, valued at $1,026,547.47. The trade was a 34.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 128,523 shares of company stock worth $17,013,590. Company insiders own 0.75% of the company's stock.

Institutional Trading of Ollie's Bargain Outlet

A number of hedge funds and other institutional investors have recently made changes to their positions in OLLI. Invesco Ltd. raised its holdings in shares of Ollie's Bargain Outlet by 55.5% in the 2nd quarter. Invesco Ltd. now owns 2,552,605 shares of the company's stock worth $336,382,000 after purchasing an additional 911,364 shares in the last quarter. Hood River Capital Management LLC raised its holdings in shares of Ollie's Bargain Outlet by 165.4% in the 2nd quarter. Hood River Capital Management LLC now owns 1,240,339 shares of the company's stock worth $163,452,000 after purchasing an additional 773,013 shares in the last quarter. Norges Bank bought a new stake in shares of Ollie's Bargain Outlet in the 2nd quarter worth approximately $83,622,000. Wellington Management Group LLP raised its holdings in shares of Ollie's Bargain Outlet by 268.0% in the 1st quarter. Wellington Management Group LLP now owns 844,799 shares of the company's stock worth $98,301,000 after purchasing an additional 615,257 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Ollie's Bargain Outlet by 130.3% during the first quarter. Ameriprise Financial Inc. now owns 828,743 shares of the company's stock valued at $96,428,000 after acquiring an additional 468,944 shares during the period.

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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