Ollie's Bargain Outlet Holdings, Inc. operates as a retailer of brand name merchandise. The company offers housewares, bed and bath, food, floor coverings, health and beauty aids, books and stationery, toys, and electronics; and other products, including hardware, candy, clothing, sporting goods, pet and lawn, and garden products. It provides its products primarily under the Ollie's, Ollie's Bargain Outlet, Good Stuff Cheap, Ollie's Army, Real Brands Real Cheap!, Real Brands! Real Bargains, Sarasota Breeze, Steelton Tools, American Way, and Middleton Home names. As of March 23, 2022, it operated 436 stores in 29 states throughout half of the United States. The company was formerly known as Bargain Holdings, Inc. and changed its name to Ollie's Bargain Outlet Holdings, Inc. in March 2015. Ollie's Bargain Outlet Holdings, Inc. was founded in 1982 and is headquartered in Harrisburg, Pennsylvania.
Ollie's Bargain Outlet Trading Up 1.8 %
OLLI Stock opened at $63.73 on Thursday. The stock has a market capitalization of $3.98 billion, a PE ratio of 35.60, a price-to-earnings-growth ratio of 1.94 and a beta of 0.82. Ollie's Bargain Outlet has a 12-month low of $37.67 and a 12-month high of $92.78. The stock's 50 day simple moving average is $61.13 and its 200 day simple moving average is $51.12.
Ollie's Bargain Outlet (NASDAQ:OLLI - Get Rating) last released its quarterly earnings data on Wednesday, June 8th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.10). The business had revenue of $406.70 million during the quarter, compared to the consensus estimate of $417.48 million. Ollie's Bargain Outlet had a net margin of 6.72% and a return on equity of 8.58%. The business's revenue was down 10.1% compared to the same quarter last year. During the same period last year, the company posted $0.80 earnings per share. On average, research analysts predict that Ollie's Bargain Outlet will post 1.88 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on OLLI shares. Craig Hallum upgraded Ollie's Bargain Outlet from a "hold" rating to a "buy" rating and boosted their price target for the company from $43.00 to $75.00 in a report on Wednesday, June 8th. UBS Group upped their target price on Ollie's Bargain Outlet to $55.00 in a report on Thursday, June 9th. Citigroup upped their target price on Ollie's Bargain Outlet from $43.00 to $55.00 and gave the stock a "neutral" rating in a report on Thursday, June 9th. Bank of America upgraded Ollie's Bargain Outlet from an "underperform" rating to a "buy" rating and upped their target price for the stock from $30.00 to $75.00 in a report on Friday, May 20th. Finally, Piper Sandler upped their target price on Ollie's Bargain Outlet to $78.00 in a report on Thursday, June 9th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $64.13.