Ollie's Bargain Outlet (NASDAQ:OLLI) Share Price Crosses Above 200-Day Moving Average - Should You Sell?

Key Points

• Ollie’s Bargain Outlet shares rose above their 200-day moving average, reaching $93.64 and last trading at $92.42, compared with a 200-day average of $87.55.
• Analysts remain generally positive, with 13 Buy ratings and four Holds producing a “Moderate Buy” consensus and an average price target of $103.57.
• The company exceeded quarterly EPS expectations, reporting $1.42 versus $1.12 forecast, while revenue increased 9.1% year over year despite coming in slightly below estimates.

Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $87.55 and traded as high as $93.64. Ollie's Bargain Outlet shares last traded at $92.42, with a volume of 2,027,844 shares traded.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Craig Hallum restated a "buy" rating and set a $120.00 price target on shares of Ollie's Bargain Outlet in a research report on Thursday, September 3rd. Piper Sandler reissued an "overweight" rating on shares of Ollie's Bargain Outlet in a research note on Monday, October 12th. Morgan Stanley dropped their target price on Ollie's Bargain Outlet from $108.00 to $98.00 and set an "equal weight" rating for the company in a report on Thursday, September 3rd. Royal Bank Of Canada raised their price target on Ollie's Bargain Outlet from $124.00 to $125.00 and gave the stock an "outperform" rating in a research report on Tuesday. Finally, Truist Financial lifted their price target on Ollie's Bargain Outlet from $80.00 to $85.00 and gave the stock a "buy" rating in a research note on Thursday, September 3rd. Thirteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $103.57.

Ollie's Bargain Outlet Price Performance

The company has a market capitalization of $5.49 billion, a P/E ratio of 20.63, a PEG ratio of 1.42 and a beta of 0.41. The company has a 50 day moving average of $82.10 and a 200-day moving average of $87.55.

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

Hedge Funds Weigh In On Ollie's Bargain Outlet

Institutional investors have recently added to or reduced their stakes in the company. Bridge City Capital LLC increased its holdings in shares of Ollie's Bargain Outlet by 21.5% during the third quarter. Bridge City Capital LLC now owns 46,292 shares of the company's stock valued at $3,965,000 after acquiring an additional 8,178 shares in the last quarter. Vise Technologies Inc. bought a new position in Ollie's Bargain Outlet in the 3rd quarter worth about $272,000. Pinnacle Wealth Planning Services Inc. increased its stake in Ollie's Bargain Outlet by 4,638.5% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 616 shares of the company's stock valued at $53,000 after purchasing an additional 603 shares in the last quarter. Verdence Capital Advisors LLC bought a new position in shares of Ollie's Bargain Outlet in the third quarter worth approximately $370,000. Finally, Pullen Investment Management LLC grew its holdings in shares of Ollie's Bargain Outlet by 0.7% during the third quarter. Pullen Investment Management LLC now owns 46,698 shares of the company's stock valued at $4,000,000 after buying an additional 302 shares during the last quarter.

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 assortment of brand-name and private-label products at discounted prices, with inventory varying according to available purchasing opportunities.

The company's product categories generally include housewares, food, health and beauty products, toys, books, electronics, clothing, hardware, seasonal merchandise, and home furnishings.

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