Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Receives $142.14 Consensus PT from Analysts

Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) have received a consensus recommendation of “Moderate Buy” from the sixteen brokerages that are covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $142.1429.

Several equities analysts recently issued reports on OLLI shares. Loop Capital upgraded Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and boosted their price target for the company from $130.00 to $135.00 in a research report on Monday, December 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Ollie’s Bargain Outlet in a research note on Wednesday, October 8th. Wells Fargo & Company dropped their target price on Ollie’s Bargain Outlet from $125.00 to $120.00 and set an “equal weight” rating on the stock in a report on Friday, December 19th. Sanford C. Bernstein restated an “outperform” rating on shares of Ollie’s Bargain Outlet in a research note on Wednesday, December 10th. Finally, UBS Group lowered their price objective on shares of Ollie’s Bargain Outlet from $141.00 to $130.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 10th.

Ollie’s Bargain Outlet Trading Up 2.1%

Shares of NASDAQ OLLI opened at $116.65 on Monday. The stock has a market cap of $7.15 billion, a P/E ratio of 32.22, a P/E/G ratio of 2.02 and a beta of 0.48. Ollie’s Bargain Outlet has a twelve month low of $94.88 and a twelve month high of $141.74. The stock has a 50 day moving average of $116.33 and a two-hundred day moving average of $125.29.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its earnings results on Tuesday, December 9th. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.04. Ollie’s Bargain Outlet had a net margin of 8.81% and a return on equity of 12.86%. The business had revenue of $613.62 million for the quarter, compared to analyst estimates of $613.63 million. During the same period last year, the firm posted $0.58 earnings per share. The company’s revenue for the quarter was up 18.6% compared to the same quarter last year. Ollie’s Bargain Outlet has set its FY 2025 guidance at 3.810-3.870 EPS. As a group, research analysts predict that Ollie’s Bargain Outlet will post 3.29 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Balyasny Asset Management L.P. acquired a new stake in Ollie’s Bargain Outlet in the third quarter valued at about $136,152,000. Invesco Ltd. raised its stake in shares of Ollie’s Bargain Outlet by 55.5% during the 2nd quarter. Invesco Ltd. now owns 2,552,605 shares of the company’s stock worth $336,382,000 after buying an additional 911,364 shares in the last quarter. Hood River Capital Management LLC lifted its holdings in shares of Ollie’s Bargain Outlet by 165.4% in the 2nd quarter. Hood River Capital Management LLC now owns 1,240,339 shares of the company’s stock valued at $163,452,000 after buying an additional 773,013 shares during the period. Norges Bank purchased a new stake in shares of Ollie’s Bargain Outlet in the second quarter valued at approximately $83,622,000. Finally, Marshall Wace LLP grew its holdings in Ollie’s Bargain Outlet by 1,082.9% during the third quarter. Marshall Wace LLP now owns 390,196 shares of the company’s stock worth $50,101,000 after acquiring an additional 357,210 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.