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

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ollie's Bargain Outlet in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" OLLI shares.
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12 brokerages have issued twelve-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 predict the company's share price to reach $61.67 in the next twelve months. This suggests a possible upside of 8.7% 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 21.1% and is now trading at $56.74.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, June 14th 2023.
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Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) posted its quarterly earnings results on Wednesday, March, 22nd. The company reported $0.84 earnings per share for the quarter, beating analysts' consensus estimates of $0.80 by $0.04. The firm 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 company's quarterly revenue was up 9.7% compared to the same quarter last year. During the same period last year, the business earned $0.69 earnings per share.

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), Cultivar ETF (CVAR), Pacer Lunt MidCap Multi-Factor Alternator ETF (PAMC), Janus Henderson Small Cap Growth Alpha ETF (JSML), Syntax Stratified MidCap ETF (SMDY) and First Trust Consumer Discretionary AlphaDEX Fund (FXD).

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 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 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 shareholders include T. Rowe Price Investment Management Inc. (5.83%), Dimensional Fund Advisors LP (2.01%), Geode Capital Management LLC (1.38%), Geneva Capital Management LLC (1.21%), Royal London Asset Management Ltd. (1.20%) and Two Sigma Investments LP (1.06%). 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 $56.74.

Ollie's Bargain Outlet (NASDAQ:OLLI) has a market capitalization of $3.53 billion and generates $1.83 billion in revenue each year. The company earns $157.46 million in net income (profit) each year or $1.64 on an earnings per share basis.

The company employs 9,900 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.