Brokerages Set Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Price Target at $140.64

Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) have been given an average recommendation of “Moderate Buy” by the sixteen brokerages that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $140.50.

OLLI has been the topic of a number of recent analyst reports. Bank of America reaffirmed a “buy” rating on shares of Ollie’s Bargain Outlet in a research report on Friday, March 13th. Royal Bank Of Canada cut their target price on Ollie’s Bargain Outlet from $155.00 to $153.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 29th. Truist Financial set a $135.00 target price on Ollie’s Bargain Outlet in a research report on Friday, March 13th. Weiss Ratings downgraded Ollie’s Bargain Outlet from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, April 22nd. Finally, Jefferies Financial Group upgraded Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and lifted their price target for the company from $120.00 to $130.00 in a report on Thursday, April 2nd.

Ollie’s Bargain Outlet Stock Down 0.8%

NASDAQ:OLLI opened at $81.78 on Wednesday. The business’s 50-day moving average price is $97.20 and its 200 day moving average price is $109.74. The firm has a market cap of $4.96 billion, a P/E ratio of 20.97, a PEG ratio of 1.45 and a beta of 0.48. Ollie’s Bargain Outlet has a 52-week low of $80.80 and a 52-week high of $141.74.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its earnings results on Thursday, March 12th. The company reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.01. The company had revenue of $779.26 million for the quarter, compared to analyst estimates of $783.72 million. Ollie’s Bargain Outlet had a return on equity of 13.18% and a net margin of 9.08%.Ollie’s Bargain Outlet’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.19 earnings per share. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.400-4.500 EPS. Sell-side analysts expect that Ollie’s Bargain Outlet will post 4.48 EPS for the current year.

Insider Buying and Selling at Ollie’s Bargain Outlet

In other news, Chairman John W. Swygert sold 5,231 shares of Ollie’s Bargain Outlet stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $92.09, for a total transaction of $481,722.79. Following the transaction, the chairman owned 48,200 shares in the company, valued at approximately $4,438,738. The trade was a 9.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 13,585 shares of company stock worth $1,275,398 in the last quarter. Insiders own 0.87% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of OLLI. Cornerstone Planning Group LLC grew its stake in Ollie’s Bargain Outlet by 218.8% in the fourth quarter. Cornerstone Planning Group LLC now owns 255 shares of the company’s stock valued at $27,000 after purchasing an additional 175 shares in the last quarter. Allworth Financial LP grew its stake in Ollie’s Bargain Outlet by 301.8% in the third quarter. Allworth Financial LP now owns 221 shares of the company’s stock valued at $28,000 after purchasing an additional 166 shares in the last quarter. Maseco LLP purchased a new position in Ollie’s Bargain Outlet in the fourth quarter valued at about $30,000. Private Trust Co. NA grew its stake in Ollie’s Bargain Outlet by 71.3% in the third quarter. Private Trust Co. NA now owns 245 shares of the company’s stock valued at $31,000 after purchasing an additional 102 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Ollie’s Bargain Outlet by 49.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 279 shares of the company’s stock valued at $31,000 after purchasing an additional 92 shares in the last quarter.

Ollie’s Bargain Outlet Company Profile

Ollie’s Bargain Outlet is an American discount retailer specializing in closeout merchandise and surplus inventory across a broad range of categories. The company operates a no-frills retail format that offers branded and private-label products at significant markdowns. Its merchandise mix typically includes housewares, electronics, health and beauty items, food products, beauty supplies, books, toys, and seasonal goods.

Founded in 1982 by Oliver E. “Ollie” Rosenberg, the company is headquartered in Harrisburg, Pennsylvania.