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.
Wall Street Analysts Forecast Growth
OLLI has been the subject of a number of research reports. The Goldman Sachs Group raised shares of Ollie's Bargain Outlet from a "sell" rating to a "neutral" rating and boosted their price target for the stock from $37.00 to $57.00 in a research note on Monday, June 27th. Citigroup boosted their price target on shares of Ollie's Bargain Outlet from $43.00 to $55.00 and gave the stock a "neutral" rating in a research note on Thursday, June 9th. Craig Hallum raised shares of Ollie's Bargain Outlet from a "hold" rating to a "buy" rating and boosted their price target for the stock from $43.00 to $75.00 in a research note on Wednesday, June 8th. JPMorgan Chase & Co. cut their price target on shares of Ollie's Bargain Outlet from $45.00 to $39.00 in a research note on Tuesday, May 10th. Finally, Wells Fargo & Company boosted their price target on shares of Ollie's Bargain Outlet from $70.00 to $75.00 and gave the stock an "overweight" rating in a research note on Thursday, July 7th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $64.13.
Ollie's Bargain Outlet Stock Up 1.6 %
Shares of OLLI opened at $63.79 on Tuesday. The stock has a market capitalization of $3.99 billion, a P/E ratio of 35.64, a PEG ratio of 1.94 and a beta of 0.82. The firm has a fifty day simple moving average of $60.46 and a two-hundred day simple moving average of $50.95. Ollie's Bargain Outlet has a twelve month low of $37.67 and a twelve month high of $92.78.
Ollie's Bargain Outlet (NASDAQ:OLLI - Get Rating) last announced its quarterly earnings results on Wednesday, June 8th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.10). The firm had revenue of $406.70 million for the quarter, compared to analysts' expectations of $417.48 million. Ollie's Bargain Outlet had a net margin of 6.72% and a return on equity of 8.58%. The company's quarterly revenue was down 10.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.80 EPS. Sell-side analysts expect that Ollie's Bargain Outlet will post 1.88 EPS for the current fiscal year.