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

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ollie's Bargain Outlet in the last year. There are currently 1 sell rating, 5 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research 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.
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13 analysts have issued 12 month target prices for Ollie's Bargain Outlet's stock. Their OLLI share price forecasts range from $49.00 to $79.00. On average, they anticipate the company's stock price to reach $62.13 in the next twelve months. This suggests a possible upside of 12.7% from the stock's current price.
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Ollie's Bargain Outlet's stock was trading at $46.84 at the beginning of the year. Since then, OLLI stock has increased by 17.7% and is now trading at $55.12.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, June 7th 2023.
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Ollie's Bargain Outlet will be holding an earnings conference call on Wednesday, June 7th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) released its earnings results on Wednesday, March, 22nd. The company reported $0.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.80 by $0.04. The business earned $549.80 million during the quarter, compared to analyst estimates of $542.18 million. Ollie's Bargain Outlet had a net margin of 5.63% and a trailing twelve-month return on equity of 7.69%. The business's quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.69 EPS.

ETFs with the largest weight of Ollie's Bargain Outlet (NASDAQ:OLLI) stock in their portfolio include SPDR S&P Retail ETF (XRT), Nuveen Small Cap Select ETF (NSCS), Direxion Daily Retail Bull 3X Shares (RETL), First Trust Consumer Discretionary AlphaDEX Fund (FXD), Cultivar ETF (CVAR), Syntax Stratified MidCap ETF (SMDY), Invesco S&P MidCap 400 Equal Weight ETF (EWMC) and Strive Small-Cap ETF (STXK).

Ollie's Bargain Outlet updated its FY24 earnings guidance on Wednesday, March, 22nd. The company provided earnings per share (EPS) guidance of $2.49-2.58 for the period, compared to the consensus EPS estimate of $2.38. The company issued revenue guidance of $2.036-2.058 billion, compared to the consensus revenue estimate of $2.00 billion.

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.

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).

(OLLI) raised $125 million in an initial public offering (IPO) 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.

Ollie's Bargain Outlet trades on the NASDAQ under the ticker symbol "OLLI."

Ollie's Bargain Outlet's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (8.08%), Wasatch Advisors LP (7.47%), Bank of New York Mellon Corp (4.86%), Kayne Anderson Rudnick Investment Management LLC (3.63%), State Street Corp (2.80%) and Dimensional Fund Advisors LP (2.56%). Insiders that own company stock include John W Swygert, John W Swygert, Kenneth Robert Bertram, Kevin Mclain, Ray Daugherty, Scott Osborne, Stanley Fleishman and Thomas Hendrickson.
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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.
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One share of OLLI stock can currently be purchased for approximately $55.12.

Ollie's Bargain Outlet (NASDAQ:OLLI) has a market capitalization of $3.41 billion and generates $1.83 billion in revenue each year. The company earns $102.79 million in net income (profit) each year or $1.64 on an earnings per share basis.

The company employs 10,700 workers across the globe.

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.