Citigroup Issues Pessimistic Forecast for Ollie’s Bargain Outlet (NASDAQ:OLLI) Stock Price

Ollie’s Bargain Outlet (NASDAQ:OLLI) had its target price dropped by Citigroup from $141.00 to $111.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Citigroup’s target price would suggest a potential upside of 46.13% from the stock’s current price.

A number of other analysts also recently commented on OLLI. Jefferies Financial Group raised Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and increased their price target for the company from $120.00 to $130.00 in a research report on Thursday, April 2nd. Truist Financial set a $135.00 price target on Ollie’s Bargain Outlet in a report on Friday, March 13th. Morgan Stanley dropped their price objective on Ollie’s Bargain Outlet from $130.00 to $120.00 and set an “equal weight” rating for the company in a research note on Friday, March 13th. Bank of America reaffirmed a “buy” rating on shares of Ollie’s Bargain Outlet in a research note on Friday, March 13th. Finally, Royal Bank Of Canada decreased their price objective on Ollie’s Bargain Outlet from $155.00 to $153.00 and set an “outperform” rating on the stock in a report on Wednesday, April 29th. Thirteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $138.36.

Ollie’s Bargain Outlet Stock Up 0.3%

Shares of NASDAQ OLLI traded up $0.23 during trading on Tuesday, reaching $75.96. The company had a trading volume of 1,079,135 shares, compared to its average volume of 1,270,527. Ollie’s Bargain Outlet has a 12 month low of $74.40 and a 12 month high of $141.74. The company’s fifty day moving average price is $95.08 and its 200-day moving average price is $108.57. The stock has a market cap of $4.61 billion, a P/E ratio of 19.44, a PEG ratio of 1.44 and a beta of 0.48.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its earnings results on Thursday, March 12th. The company reported $1.39 EPS for the quarter, beating the consensus estimate 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%.The firm’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.19 EPS. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.400-4.500 EPS. As a group, equities analysts predict that Ollie’s Bargain Outlet will post 4.48 earnings per share for the current year.

Insider Buying and Selling at Ollie’s Bargain Outlet

In related news, Chairman John W. Swygert sold 3,330 shares of the company’s stock in a transaction that occurred on Tuesday, April 7th. The stock was sold at an average price of $95.80, for a total value of $319,014.00. Following the sale, the chairman owned 48,200 shares in the company, valued at $4,617,560. This represents a 6.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 12,459 shares of company stock valued at $1,149,218. Corporate insiders own 0.87% of the company’s stock.

Institutional Trading of Ollie’s Bargain Outlet

Several hedge funds and other institutional investors have recently made changes to their positions in OLLI. Bessemer Group Inc. lifted its position in Ollie’s Bargain Outlet by 25.0% in the 3rd quarter. Bessemer Group Inc. now owns 430 shares of the company’s stock valued at $55,000 after acquiring an additional 86 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of Ollie’s Bargain Outlet by 0.6% during the 2nd quarter. Thrivent Financial for Lutherans now owns 14,458 shares of the company’s stock valued at $1,905,000 after buying an additional 91 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in Ollie’s Bargain Outlet by 49.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 279 shares of the company’s stock worth $31,000 after purchasing an additional 92 shares during the period. Huntington National Bank raised its holdings in Ollie’s Bargain Outlet by 9.0% in the 3rd quarter. Huntington National Bank now owns 1,145 shares of the company’s stock worth $147,000 after purchasing an additional 95 shares during the period. Finally, State of New Jersey Common Pension Fund D raised its holdings in Ollie’s Bargain Outlet by 0.4% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 21,780 shares of the company’s stock worth $2,797,000 after purchasing an additional 97 shares during the period.

About Ollie’s Bargain Outlet

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.