NASDAQ:OLLI

Ollie's Bargain Outlet (OLLI) Stock Forecast, Price & News

$75.40

-1.72 (-2.23%)

(As of 09/26/2023 ET)

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Today's Range: $75.29
▼
$77.02
50-Day Range: $70.89
▼
$78.52
52-Week Range: $44.72
▼
$80.94

Volume: 691,358 shs
Average Volume: 997,633 shs
Market Capitalization: $4.65 billion

P/E Ratio: 31.42
Dividend Yield: N/A
Price Target: $75.13

Ollie's Bargain Outlet MarketRank™ Forecast

Analyst Rating: Hold
2.43 Rating Score
Upside/Downside: 0.4% Downside
$75.13 Price Target
Short Interest: Bearish
7.17% of Float Sold Short
Dividend Strength: N/A
Sustainability: -2.68
Upright™ Environmental Score
News Sentiment: 0.62
Based on 8 Articles This Week
Insider Trading: Selling Shares
$907,006 Sold Last Quarter
Proj. Earnings Growth: 14.39%
From $2.71 to $3.10 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.01 out of 5 stars

Consumer Staples Sector

101st out of 132 stocks

Variety Stores Industry

9th out of 11 stocks

2.2

Analyst's Opinion

Consensus Rating
Ollie's Bargain Outlet has received a consensus rating of Hold. The company's average rating score is 2.43, and is based on 7 buy ratings, 6 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $75.13, Ollie's Bargain Outlet has a forecasted downside of 0.4% from its current price of $75.40.
Amount of Analyst Coverage
Ollie's Bargain Outlet has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.0

Short Interest

Percentage of Shares Shorted
7.17% of the float of Ollie's Bargain Outlet has been sold short.
Short Interest Ratio / Days to Cover
Ollie's Bargain Outlet has a short interest ratio ("days to cover") of 4.5.
Change versus previous month
Short interest in Ollie's Bargain Outlet has recently decreased by 4.96%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Ollie's Bargain Outlet does not currently pay a dividend.
Dividend Growth
Ollie's Bargain Outlet does not have a long track record of dividend growth.

2.5

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Ollie's Bargain Outlet has received a 14.08% net impact score from Upright. Ollie's Bargain Outlet seems to create the most significant positive value in categories "Jobs", "Taxes", and "Meaning & joy". The positive contribution in the "Meaning & joy" impact category is mostly driven by its "Physical retail of toys at a discount store", "Physical retail of books at a discount store", and "Physical retail of magazines at a discount store" products. See details.
Environmental Sustainability
The Environmental Impact score for Ollie's Bargain Outlet is -2.68.

3.1

News and Social Media Coverage

News Sentiment
Ollie's Bargain Outlet has a news sentiment score of 0.62. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Consumer Staples companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for Ollie's Bargain Outlet this week, compared to 6 articles on an average week.
Search Interest
16 people have searched for OLLI on MarketBeat in the last 30 days. This is an increase of 433% compared to the previous 30 days.
MarketBeat Follows
13 people have added Ollie's Bargain Outlet to their MarketBeat watchlist in the last 30 days. This is an increase of 550% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Ollie's Bargain Outlet insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $907,006.00 in company stock.
Percentage Held by Insiders
Only 0.86% of the stock of Ollie's Bargain Outlet is held by insiders.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Ollie's Bargain Outlet are expected to grow by 14.39% in the coming year, from $2.71 to $3.10 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Ollie's Bargain Outlet is 31.42, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.06.
Price to Earnings Ratio vs. Sector
The P/E ratio of Ollie's Bargain Outlet is 31.42, which means that it is trading at a more expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 22.09.
Price to Earnings Growth Ratio
Ollie's Bargain Outlet has a PEG Ratio of 1.04. PEG Ratios around 1 indicate that a company is correctly valued.
Price to Book Value per Share Ratio
Ollie's Bargain Outlet has a P/B Ratio of 3.45. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Ollie's Bargain Outlet (NASDAQ:OLLI) Stock

Ollie's Bargain Outlet Holdings, Inc. is a prominent American chain of discount closeout retailers. Founded in 1982 by Morton Bernstein, Mark L. Butler, Harry Coverman, and Oliver E. "Ollie" Rosenberg in Mechanicsburg, Pennsylvania, the company has become a leading destination for value-conscious shoppers. Ollie's Bargain Outlet offers a wide selection of discounted household goods, apparel, pet supplies, kitchen pantry staples, and seasonal products. With its mission to provide unparalleled value to customers, the company operates 468 locations across 29 states. The stores feature humorous caricatures of its namesake co-founder, Ollie Rosenberg, adding a distinctive and light-hearted touch to the shopping experience.

Ollie's Bargain Outlet is led by a highly skilled and experienced management team. John W. Swygert, Jr. serves as the President, Chief Executive Officer, and Director, overseeing the company's overall operations and strategic direction. With his extensive background in retail, Swygert has been instrumental in driving growth and expansion. Robert F. Helm, the Senior Vice President and Chief Financial Officer, brings his financial expertise to effectively manage the company's financial operations.

Ollie's Bargain Outlet has demonstrated strong financial performance over the past few years. The company reported annual sales that have increased yearly, highlighting its ability to generate substantial revenue. Ollie's Bargain Outlet achieved a respectable net income reflecting its profitability in a competitive retail landscape. The company has maintained a healthy profitability level with a net profit margin of over 5%. Ollie's Bargain Outlet has also managed its debt levels prudently, positioning itself with a solid balance sheet.

Ollie's Bargain Outlet operates in the discount retail industry, which is highly competitive and subject to various trends, competitors, and regulatory factors. Understanding the broader industry landscape is crucial for assessing the company's competitive positioning. Ollie's Bargain Outlet leverages its unique business model, which involves purchasing merchandise directly from manufacturers and retailers in bulk, enabling it to offer customers deeply discounted products. This approach gives the company a competitive advantage in providing a diverse range of products at compelling prices.

Ollie's Bargain Outlet has identified several growth opportunities to expand its market presence further. These opportunities include new product launches, acquisitions, and expansions into new markets. By capitalizing on its competitive advantages, such as its strong supplier relationships, efficient supply chain, and extensive store network, the company can pursue these growth avenues effectively. The ability to continuously deliver value to customers while exploring new markets and product categories positions Ollie's Bargain Outlet for sustained growth.

While Ollie's Bargain Outlet has experienced success, it also faces potential risks and challenges. Changes in consumer preferences and spending habits, evolving market dynamics, and competitive pressures are significant factors that can impact the company's performance. Regulatory changes related to labor, trade, or environmental policies may also pose challenges. However, Ollie's Bargain Outlet employs robust risk management strategies and stays adaptable to market shifts, mitigating potential risks. The company's customer-centric approach and ability to respond to changing market conditions position it well to overcome challenges and maintain its competitive edge.

OLLI Price History

30 days | 90 days | 365 days | Advanced Chart

OLLI Stock News Headlines

September 20, 2023 | marketbeat.com

3 Reasons Wall Street Is 100% Bullish on This Recent IPO (OLLI)

With nearly 50% upside to the consensus target, investors have a second chance to pounce on secondhand leader Savers Value Village.

September 26, 2023 | finance.yahoo.com

OLLIE'S CELEBRATES CONSTRUCTION MILESTONE AT NEW PRINCETON DISTRIBUTION CENTER

September 27, 2023 | Tradewins (Ad)

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September 25, 2023 | finance.yahoo.com

Here's Why Ollie's Bargain (OLLI) is a Smart Investment Choice

September 25, 2023 | finance.yahoo.com

Will Grocery Outlet's (GO) Plan of Growing Store Presence Aid?

September 22, 2023 | americanbankingnews.com

Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Given Consensus Rating of "Hold" by Brokerages

September 20, 2023 | msn.com

Roanoke Rapids shopping center evacuated for police investigation

September 18, 2023 | americanbankingnews.com

Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) VP Sells $237,000.00 in Stock

September 27, 2023 | Behind the Markets (Ad)

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The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.

September 18, 2023 | americanbankingnews.com

Q3 2024 EPS Estimates for Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Reduced by Analyst

September 6, 2023 | msn.com

Ollie’s bargain store opens in Moline inside old Gordman’s store

September 5, 2023 | finance.yahoo.com

Ollie’s Bargain Outlet Holdings, Inc. Announces Participation in the Piper Sandler Growth Frontiers Conference

September 5, 2023 | msn.com

Ollie's Bargain Outlet: Rating Upgrade As Business Performed Better Than Expected

September 3, 2023 | msn.com

Ollie's Bargain Outlet: We Need A Breather, Run A House Position

September 3, 2023 | finance.yahoo.com

Is Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Potentially Undervalued?

September 2, 2023 | msn.com

Ollies Bargain Outlet Holdings (OLLI) Price Target Increased by 5.75% to 73.85

September 1, 2023 | markets.businessinsider.com

Ollie's Bargain Outlet Analysts Boost Their Forecasts After Upbeat Earnings

September 1, 2023 | finance.yahoo.com

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Q2 2023 Earnings Call Transcript

September 1, 2023 | za.investing.com

Ollie's Bargain Outlet raises full-year forecast after Q2 beat

September 1, 2023 | finance.yahoo.com

Q2 2023 Ollie's Bargain Outlet Holdings Inc Earnings Call

August 31, 2023 | theglobeandmail.com

Ollie's (OLLI) Shares Skyrocket, What You Need To Know

August 31, 2023 | marketwatch.com

Ollie's Bargain Outlet Raises Full-Year Sales, Earnings Outlook

August 31, 2023 | msn.com

Ollie's Bargain Outlet rises as bargains lure consumers

August 31, 2023 | finance.yahoo.com

Why Ollie's Bargain Outlet Holdings Inc's Stock Skyrocketed 46% in a Quarter: A Deep Dive

August 31, 2023 | msn.com

Unusual Put Option Trade in Ollies Bargain Outlet Holdings (OLLI) Worth $413.00K

August 31, 2023 | marketwatch.com

Ollie's Bargain Outlet 2Q Sales Rise as Deals Draw Shoppers

August 31, 2023 | finance.yahoo.com

Ollie’s Bargain Outlet Holdings, Inc. Reports Second Quarter Fiscal 2023 Financial Results

See More Headlines

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OLLI Company Calendar

Last Earnings: 8/31/2023
Today: 9/27/2023
Next Earnings (Estimated): 12/06/2023
Fiscal Year End: 1/31/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Variety stores
Sub-Industry: N/A
Sector: Consumer Staples
Current Symbol: NASDAQ:OLLI
CUSIP: N/A
CIK: 1639300
Web: www.ollies.us
Phone: (717) 657-2300
Fax: N/A
Employees: 10,700
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $75.13
High Stock Price Forecast: $93.00
Low Stock Price Forecast: $51.00
Forecasted Upside/Downside: -0.4%
Consensus Rating: Hold
Rating Score (0-4): 2.43
Research Coverage: 14 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.40
Trailing P/E Ratio: 31.42
Forward P/E Ratio: 27.82
P/E Growth: 1.04
Net Income: $102.79 million
Net Margins: 7.69%
Pretax Margin: 10.16%
Return on Equity: 10.80%
Return on Assets: 7.13%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 2.74
Quick Ratio: 1.07

Sales & Book Value

Annual Sales: $1.83 billion
Price / Sales: 2.55
Cash Flow: $2.09 per share
Price / Cash Flow: 36.07
Book Value: $21.88 per share
Price / Book: 3.45

Miscellaneous

Outstanding Shares: 61,700,000
Free Float: 61,173,000
Market Cap: $4.65 billion
Optionable: Optionable
Beta: 0.96

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Key Executives

Mr. John W. Swygert Jr. (Age 54)
Pres, CEO & Director
Comp: $917.47k

Mr. Robert F. Helm (Age 43)
Sr. VP & CFO
Comp: $595.33k

Mr. Eric van der Valk (Age 53)
Exec. VP & COO
Comp: $497.44k

Mr. Larry Kraus (Age 52)
VP & Chief Information Officer
Comp: $289.52k

Mr. Kevin McLain (Age 57)
Sr. VP & Gen. Merchandise Mang.
Comp: $320.8k

Mr. James J. Comitale (Age 58)
Sr. VP, Gen. Counsel & Corp. Sec.

Tom Kuypers
Sr. VP of Marketing & Advter.

Ms. Lyn Rhoads Walther C.F.A.
Exec.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

OLLI Stock - Frequently Asked Questions

Should I buy or sell Ollie's Bargain Outlet stock right now?: 14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ollie's Bargain Outlet in the last twelve months. There are currently 1 sell rating, 6 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" OLLI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in OLLI, but not buy additional shares or sell existing shares.
View OLLI analyst ratings or view top-rated stocks.
What is Ollie's Bargain Outlet's stock price forecast for 2023?: 14 Wall Street analysts have issued 1-year price targets for Ollie's Bargain Outlet's shares. Their OLLI share price forecasts range from $51.00 to $93.00. On average, they anticipate the company's stock price to reach $75.13 in the next twelve months. This suggests that the stock has a possible downside of 0.4%.
View analysts price targets for OLLI or view top-rated stocks among Wall Street analysts.
How have OLLI shares performed in 2023?: Ollie's Bargain Outlet's stock was trading at $46.84 at the beginning of the year. Since then, OLLI stock has increased by 61.0% and is now trading at $75.40.
View the best growth stocks for 2023 here.
When is Ollie's Bargain Outlet's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, December 6th 2023.
View our OLLI earnings forecast.
How were Ollie's Bargain Outlet's earnings last quarter?: Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) posted its earnings results on Thursday, August, 31st. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.61 by $0.06. The business had revenue of $514.50 million for the quarter, compared to the consensus estimate of $499.04 million. Ollie's Bargain Outlet had a net margin of 7.69% and a trailing twelve-month return on equity of 10.80%. The company's quarterly revenue was up 13.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.22 earnings per share.
What ETFs hold Ollie's Bargain Outlet's stock?: ETFs with the largest weight of Ollie's Bargain Outlet (NASDAQ:OLLI) stock in their portfolio include Alger Weatherbie Enduring Growth ETF (AWEG), SPDR S&P Retail ETF (XRT), Direxion Daily Retail Bull 3X Shares (RETL), Cultivar ETF (CVAR), AGF U.S. Market Neutral Anti-Beta Fund (BTAL) and Inspire Small/Mid Cap ETF (ISMD).Invesco FTSE RAFI US 1500 Small-Mid ETF (PRFZ).
What guidance has Ollie's Bargain Outlet issued on next quarter's earnings?: Ollie's Bargain Outlet updated its FY24 earnings guidance on Thursday, August, 31st. The company provided EPS guidance of $2.65-$2.74 for the period, compared to the consensus earnings per share estimate of $2.62. The company issued revenue guidance of $2.076-$2.091 billion, compared to the consensus revenue estimate of $2.06 billion.
What is Mark Butler's approval rating as Ollie's Bargain Outlet's CEO?: 171 employees have rated Ollie's Bargain Outlet Chief Executive Officer Mark Butler on Glassdoor.com. Mark Butler has an approval rating of 72% among the company's employees.

What other stocks do shareholders of Ollie's Bargain Outlet own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Ollie's Bargain Outlet investors own include NVIDIA (NVDA), PayPal (PYPL), Walt Disney (DIS), Block (SQ), Hawkins (HWKN), Mastercard (MA), Alibaba Group (BABA), Shopify (SHOP) and Netflix (NFLX).
When did Ollie's Bargain Outlet IPO?: (OLLI) raised $125 million in an initial public offering on Thursday, July 16th 2015. The company issued 8,900,000 shares at $13.00-$15.00 per share. J.P. Morgan, Jefferies and BofA Merrill Lynch acted as the underwriters for the IPO and Credit Suisse, Piper Jaffray, KeyBanc Capital Markets and RBC Capital Markets were co-managers.
What is Ollie's Bargain Outlet's stock symbol?: Ollie's Bargain Outlet trades on the NASDAQ under the ticker symbol "OLLI."
Who are Ollie's Bargain Outlet's major shareholders?: Ollie's Bargain Outlet's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.04%), Wasatch Advisors LP (6.77%), Bank of New York Mellon Corp (4.54%), Kayne Anderson Rudnick Investment Management LLC (3.56%), State Street Corp (2.79%) and Dimensional Fund Advisors LP (2.45%). Insiders that own company stock include John W Swygert, John W Swygert, Kenneth Robert Bertram, Kevin Mclain, Larry Kraus, Ray Daugherty, Stanley Fleishman and Thomas Hendrickson.
View institutional ownership trends.
How do I buy shares of Ollie's Bargain Outlet?: Shares of OLLI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Ollie's Bargain Outlet's stock price today?: One share of OLLI stock can currently be purchased for approximately $75.40.
How much money does Ollie's Bargain Outlet make?: Ollie's Bargain Outlet (NASDAQ:OLLI) has a market capitalization of $4.65 billion and generates $1.83 billion in revenue each year. The company earns $102.79 million in net income (profit) each year or $2.40 on an earnings per share basis.
How many employees does Ollie's Bargain Outlet have?: The company employs 10,700 workers across the globe.
How can I contact Ollie's Bargain Outlet?: Ollie's Bargain Outlet's mailing address is 6295 ALLENTOWN BOULEVARD SUITE 1, HARRISBURG PA, 17112. The official website for the company is www.ollies.us. The company can be reached via phone at (717) 657-2300 or via email at jean.fontana@icrinc.com.

This page (NASDAQ:OLLI) was last updated on 9/27/2023 by MarketBeat.com Staff

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