Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Receives Average Recommendation of “Moderate Buy” from Brokerages

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) has earned a consensus rating of “Moderate Buy” from the seventeen analysts that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and fourteen have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $125.1333.

Several brokerages recently issued reports on OLLI. Piper Sandler set a $114.00 price objective on shares of Ollie’s Bargain Outlet in a research note on Wednesday, June 3rd. Citigroup reduced their price objective on shares of Ollie’s Bargain Outlet from $141.00 to $111.00 and set a “buy” rating on the stock in a research note on Tuesday, May 12th. Royal Bank Of Canada reduced their price objective on shares of Ollie’s Bargain Outlet from $153.00 to $152.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 27th. Morgan Stanley reduced their price objective on shares of Ollie’s Bargain Outlet from $120.00 to $108.00 and set an “equal weight” rating on the stock in a research note on Thursday, June 4th. Finally, UBS Group reduced their price objective on shares of Ollie’s Bargain Outlet from $125.00 to $87.00 and set a “neutral” rating on the stock in a research note on Thursday, June 4th.

Insider Activity

In related news, Chairman John W. Swygert sold 5,231 shares of the company’s stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $92.09, for a total transaction of $481,722.79. Following the completion of the transaction, the chairman owned 48,200 shares of the company’s stock, valued at approximately $4,438,738. This represents a 9.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 12,459 shares of company stock worth $1,149,218 over the last quarter. Corporate insiders own 0.75% of the company’s stock.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

Several institutional investors and hedge funds have recently bought and sold shares of OLLI. Cornerstone Planning Group LLC increased its position in Ollie’s Bargain Outlet by 218.8% during the fourth quarter. Cornerstone Planning Group LLC now owns 255 shares of the company’s stock worth $27,000 after purchasing an additional 175 shares during the last quarter. Allworth Financial LP increased its position in Ollie’s Bargain Outlet by 301.8% during the third quarter. Allworth Financial LP now owns 221 shares of the company’s stock worth $28,000 after purchasing an additional 166 shares during the last quarter. Maseco LLP acquired a new position in Ollie’s Bargain Outlet during the fourth quarter worth approximately $30,000. Northwestern Mutual Wealth Management Co. increased its position in Ollie’s Bargain Outlet by 49.2% during the fourth 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 last quarter. Finally, Shell Asset Management Co. acquired a new position in Ollie’s Bargain Outlet during the third quarter worth approximately $37,000.

Ollie’s Bargain Outlet Price Performance

Shares of NASDAQ OLLI opened at $73.42 on Thursday. Ollie’s Bargain Outlet has a 12-month low of $73.26 and a 12-month high of $141.74. The company has a market capitalization of $4.44 billion, a PE ratio of 18.13, a price-to-earnings-growth ratio of 1.34 and a beta of 0.46. The firm’s 50-day moving average is $83.03 and its two-hundred day moving average is $99.35.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings results on Wednesday, June 3rd. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.04. Ollie’s Bargain Outlet had a net margin of 9.13% and a return on equity of 13.43%. The company had revenue of $658.93 million for the quarter, compared to the consensus estimate of $661.65 million. During the same quarter in the prior year, the firm earned $0.75 earnings per share. The company’s revenue for the quarter was up 14.2% compared to the same quarter last year. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. On average, analysts forecast that Ollie’s Bargain Outlet will post 4.52 EPS for the current fiscal year.

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.