Investors Purchase High Volume of Ollie's Bargain Outlet Call Options (NASDAQ:OLLI)

Key Points

• Unusually high options activity: Investors purchased 7,187 Ollie’s call options, roughly 457% above the typical daily volume of 1,291 contracts.
• Shares rose 2.6% to $87.59 on Monday. The company recently exceeded quarterly earnings expectations with EPS of $1.42 versus the $1.12 consensus, while revenue increased 9.1% year over year.
• Analyst sentiment remains positive: Thirteen analysts rate the stock a Buy and four rate it a Hold, producing a “Moderate Buy” consensus and an average price target of $102.43.

Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Get Free Report) saw unusually large options trading activity on Monday. Stock investors purchased 7,187 call options on the stock. This represents an increase of approximately 457% compared to the typical daily volume of 1,291 call options.

Ollie's Bargain Outlet Stock Up 2.6%

Shares of OLLI stock traded up $2.26 on Monday, hitting $87.59. The stock had a trading volume of 799,467 shares, compared to its average volume of 1,644,344. The business has a 50 day moving average price of $78.60 and a 200 day moving average price of $79.57. The company has a market cap of $5.20 billion, a PE ratio of 19.54, a P/E/G ratio of 1.41 and a beta of 0.41. Ollie's Bargain Outlet has a one year low of $60.29 and a one year high of $133.28.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last posted its earnings results on Wednesday, September 2nd. The company reported $1.42 EPS for the quarter, beating analysts' consensus estimates of $1.12 by $0.30. Ollie's Bargain Outlet had a net margin of 9.79% and a return on equity of 14.54%. The business had revenue of $741.31 million for the quarter, compared to the consensus estimate of $747.71 million. During the same quarter last year, the firm posted $0.99 EPS. The company's revenue for the quarter was up 9.1% on a year-over-year basis. Ollie's Bargain Outlet has set its FY 2026 guidance at 4.570-4.650 EPS. Equities research analysts expect that Ollie's Bargain Outlet will post 4.61 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. GK Wealth Management LLC acquired a new stake in Ollie's Bargain Outlet in the 3rd quarter worth about $61,000. GAMMA Investing LLC raised its holdings in shares of Ollie's Bargain Outlet by 36.8% during the third quarter. GAMMA Investing LLC now owns 2,232 shares of the company's stock valued at $191,000 after acquiring an additional 600 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of Ollie's Bargain Outlet by 26.7% in the third quarter. Farther Finance Advisors LLC now owns 622 shares of the company's stock valued at $53,000 after acquiring an additional 131 shares in the last quarter. Tidal Investments LLC lifted its position in shares of Ollie's Bargain Outlet by 35.8% in the second quarter. Tidal Investments LLC now owns 241,268 shares of the company's stock valued at $18,549,000 after acquiring an additional 63,607 shares in the last quarter. Finally, WINTON GROUP Ltd boosted its stake in shares of Ollie's Bargain Outlet by 46.5% in the second quarter. WINTON GROUP Ltd now owns 67,584 shares of the company's stock worth $5,196,000 after acquiring an additional 21,437 shares during the last quarter.

Analyst Ratings Changes

OLLI has been the subject of a number of analyst reports. The Goldman Sachs Group reduced their price target on Ollie's Bargain Outlet from $112.00 to $100.00 and set a "buy" rating for the company in a research report on Thursday, September 3rd. Craig Hallum reaffirmed a "buy" rating and set a $120.00 price objective on shares of Ollie's Bargain Outlet in a research report on Thursday, September 3rd. Piper Sandler reiterated an "overweight" rating on shares of Ollie's Bargain Outlet in a research note on Monday. Wells Fargo & Company set a $98.00 price target on shares of Ollie's Bargain Outlet in a report on Thursday, September 3rd. Finally, JPMorgan Chase & Co. upped their price target on shares of Ollie's Bargain Outlet from $70.00 to $73.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 18th. Thirteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $102.43.

About Ollie's Bargain Outlet

Ollie's Bargain Outlet Holdings, Inc operates Ollie's Bargain Outlet, a U.S. retailer specializing in closeout, excess, and salvage merchandise. Its stores offer a constantly changing selection of brand-name products at discounted prices, with inventory varying based on availability and opportunistic purchasing.

The company's merchandise generally includes housewares, food, hardware, toys, seasonal goods, books, flooring, apparel, and other consumer products. Ollie's uses a treasure-hunt-style shopping experience, with stores organized to emphasize value and frequently changing assortments.

Founded in 1982 in Mechanicsburg, Pennsylvania, Ollie's has expanded into a national retail chain serving customers across numerous U.S.

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