Ollie's Bargain Outlet Stock Forecast, Price & News

Ollie's Bargain Outlet's stock was trading at $46.33 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, OLLI shares have increased by 82.2% and is now trading at $84.43.
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16 Wall Street 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 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Ollie's Bargain Outlet is scheduled to release its next quarterly earnings announcement on Tuesday, December 8th 2020.
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Ollie's Bargain Outlet Holdings Inc (NASDAQ:OLLI) issued its earnings results on Thursday, August, 27th. The company reported $1.04 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.90 by $0.14. The firm earned $529.30 million during the quarter, compared to analyst estimates of $513.88 million. Ollie's Bargain Outlet had a return on equity of 16.13% and a net margin of 12.90%. The business's quarterly revenue was up 58.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.35 earnings per share.
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Ollie's Bargain Outlet issued an update on its second quarter 2020 After-Hours earnings guidance on Tuesday, July, 21st. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $515-515 million, compared to the consensus revenue estimate of $387.84 million.

16 equities research analysts have issued 12 month target prices for Ollie's Bargain Outlet's stock. Their forecasts range from $59.00 to $128.00. On average, they anticipate Ollie's Bargain Outlet's stock price to reach $98.63 in the next year. This suggests a possible upside of 16.8% from the stock's current price.
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Ollie's Bargain Outlet saw a decrease in short interest in the month of August. As of August 31st, there was short interest totaling 8,210,000 shares, a decrease of 11.1% from the August 15th total of 9,240,000 shares. Based on an average daily trading volume, of 1,250,000 shares, the days-to-cover ratio is currently 6.6 days. Approximately 17.0% of the shares of the stock are short sold.
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Some companies that are related to Ollie's Bargain Outlet include Dollar Tree (DLTR), Five Below (FIVE), BJs Wholesale Club (BJ), PriceSmart (PSMT), Big Lots (BIG), Tuesday Morning (TUES) and Fred's (FREDQ).
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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), Square (SQ), Axon Enterprise (AAXN), Hawkins (HWKN), Alibaba Group (BABA), Mastercard (MA), Netflix (NFLX) and Shopify (SHOP).

(OLLI) raised $125 million in an initial public offering (IPO) on Thursday, July 16th 2015. The company issued 8,900,000 shares at a price of $13.00-$15.00 per share. J.P. Morgan, Jefferies and BofA Merrill Lynch served 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 many different retail and institutional investors. Top institutional shareholders include Kayne Anderson Rudnick Investment Management LLC (9.73%), Vanguard Group Inc. (7.05%), FMR LLC (5.28%), Wasatch Advisors Inc. (4.29%), Bank of New York Mellon Corp (2.34%) and Stephens Investment Management Group LLC (1.72%). Company insiders that own Ollie's Bargain Outlet stock include Jay Stasz, John W Swygert, Kenneth Robert Bertram, Kevin Mclain, Mark L Butler, Omar Segura, Scott Osborne, Stanley Fleishman and Thomas Hendrickson.
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OLLI stock was sold by a variety of institutional investors in the last quarter, including Wasatch Advisors Inc., Baird Financial Group Inc., Bank of New York Mellon Corp, TimesSquare Capital Management LLC, Bank of America Corp DE, Stephens Investment Management Group LLC, UBS Group AG, and Advisor Group Holdings Inc.. Company insiders that have sold Ollie's Bargain Outlet company stock in the last year include John W Swygert, Kenneth Robert Bertram, Kevin Mclain, Omar Segura, and Scott Osborne.
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OLLI stock was bought by a variety of institutional investors in the last quarter, including FMR LLC, Wedge Capital Management L L P NC, Victory Capital Management Inc., Peregrine Capital Management LLC, Neuberger Berman Group LLC, Federated Hermes Inc., Fenimore Asset Management Inc., and Retirement Systems of Alabama.
View insider buying and selling activity for Ollie's Bargain Outlet.

Shares of OLLI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of OLLI stock can currently be purchased for approximately $84.43.

Ollie's Bargain Outlet has a market capitalization of $5.52 billion and generates $1.41 billion in revenue each year. The company earns $141.13 million in net income (profit) each year or $1.96 on an earnings per share basis. Ollie's Bargain Outlet employs 8,300 workers across the globe.

The official website for Ollie's Bargain Outlet is www.ollies.us.

Ollie's Bargain Outlet's mailing address is 6295 ALLENTOWN BOULEVARD SUITE 1, HARRISBURG PA, 17112. The company can be reached via phone at 717-657-2300 or via email at [email protected]