Royal Bank Of Canada Has Lowered Expectations for Ollie's Bargain Outlet (NASDAQ:OLLI) Stock Price

Key Points

• Royal Bank of Canada has reduced its target price for Ollie's Bargain Outlet stock from $149.00 to $147.00, while maintaining an "outperform" rating, indicating a potential upside of 23.82% based on the current price.
• Multiple analysts have varying price targets for Ollie's, with some raising their estimates, leading to a consensus rating of "Moderate Buy" and an average target price of $144.00.
• Insider selling activity increased, with Chairman John W. Swygert selling over 107,000 shares, representing a significant 68.95% decrease in his ownership position, while the company's stock traded down 2.0% recently.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) had its target price reduced by equities researchers at Royal Bank Of Canada from $149.00 to $147.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Royal Bank Of Canada's target price indicates a potential upside of 23.82% from the company's current price.

A number of other equities research analysts have also recently commented on OLLI. Truist Financial raised their price objective on Ollie's Bargain Outlet from $146.00 to $148.00 and gave the company a "buy" rating in a research note on Thursday, August 28th. Wells Fargo & Company lifted their target price on Ollie's Bargain Outlet from $105.00 to $130.00 and gave the company an "equal weight" rating in a research report on Friday, August 29th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Ollie's Bargain Outlet in a research report on Wednesday, October 8th. Bank of America lifted their price target on Ollie's Bargain Outlet from $130.00 to $145.00 and gave the stock a "buy" rating in a report on Friday, August 29th. Finally, JPMorgan Chase & Co. lifted their price target on Ollie's Bargain Outlet from $137.00 to $159.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. Nine equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $144.00.

Ollie's Bargain Outlet Trading Down 2.0%

NASDAQ OLLI traded down $2.46 during trading hours on Friday, hitting $118.72. 247,639 shares of the company's stock were exchanged, compared to its average volume of 1,149,809. The stock has a 50-day simple moving average of $130.03 and a 200 day simple moving average of $124.01. Ollie's Bargain Outlet has a 1-year low of $86.88 and a 1-year high of $141.74. The firm has a market cap of $7.28 billion, a price-to-earnings ratio of 34.36, a PEG ratio of 2.46 and a beta of 0.42.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last released its earnings results on Thursday, August 28th. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.91 by $0.08. Ollie's Bargain Outlet had a return on equity of 12.66% and a net margin of 8.74%.The business had revenue of $679.56 million during the quarter, compared to analysts' expectations of $658.03 million. During the same quarter last year, the firm posted $0.78 earnings per share. The firm's revenue was up 17.5% on a year-over-year basis. Ollie's Bargain Outlet has set its FY 2025 guidance at 3.760-3.840 EPS. On average, sell-side analysts anticipate that Ollie's Bargain Outlet will post 3.29 earnings per share for the current fiscal year.

Insider Buying and Selling at Ollie's Bargain Outlet

In other news, Chairman John W. Swygert sold 107,058 shares of the company's stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $132.87, for a total value of $14,224,796.46. Following the completion of the transaction, the chairman directly owned 48,200 shares in the company, valued at approximately $6,404,334. This represents a 68.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Der Valk Eric Van sold 4,000 shares of the company's stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $132.27, for a total value of $529,080.00. Following the completion of the transaction, the chief executive officer owned 7,761 shares of the company's stock, 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. Insiders sold 128,523 shares of company stock valued at $17,013,590 over the last 90 days. Insiders own 0.75% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Wasatch Advisors LP raised its position in Ollie's Bargain Outlet by 1.2% during the 2nd quarter. Wasatch Advisors LP now owns 4,062,147 shares of the company's stock valued at $535,310,000 after purchasing an additional 49,603 shares during the last quarter. Invesco Ltd. raised its position in Ollie's Bargain Outlet by 55.5% during the 2nd quarter. Invesco Ltd. now owns 2,552,605 shares of the company's stock valued at $336,382,000 after purchasing an additional 911,364 shares during the last quarter. Hood River Capital Management LLC raised its position in Ollie's Bargain Outlet by 165.4% during the 2nd quarter. Hood River Capital Management LLC now owns 1,240,339 shares of the company's stock valued at $163,452,000 after purchasing an additional 773,013 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Ollie's Bargain Outlet by 0.4% in the 2nd quarter. Geode Capital Management LLC now owns 1,140,234 shares of the company's stock worth $150,284,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Geneva Capital Management LLC raised its position in shares of Ollie's Bargain Outlet by 7.6% in the 2nd quarter. Geneva Capital Management LLC now owns 1,129,086 shares of the company's stock worth $148,791,000 after acquiring an additional 79,627 shares in the last quarter.

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.

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