Ollie’s Bargain Outlet (NASDAQ:OLLI) Announces Earnings Results

Ollie’s Bargain Outlet (NASDAQ:OLLI) issued its quarterly earnings data on Wednesday. The company reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.07, Briefing.com reports. The firm had revenue of $648.90 million during the quarter, compared to analyst estimates of $649.39 million. Ollie’s Bargain Outlet had a return on equity of 12.55% and a net margin of 8.63%. The business’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.84 earnings per share. Ollie’s Bargain Outlet updated its FY25 guidance to $3.10-$3.20 EPS and its FY 2024 guidance to 3.100-3.200 EPS.

Ollie’s Bargain Outlet Stock Down 1.8 %

OLLI stock traded down $1.46 during trading on Friday, hitting $78.17. 1,240,645 shares of the company’s stock traded hands, compared to its average volume of 864,324. The firm has a market capitalization of $4.81 billion, a P/E ratio of 27.30 and a beta of 0.76. The business has a fifty day simple moving average of $75.91 and a two-hundred day simple moving average of $75.43. Ollie’s Bargain Outlet has a 1 year low of $52.93 and a 1 year high of $84.38.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on OLLI. Craig Hallum increased their price target on shares of Ollie’s Bargain Outlet from $98.00 to $100.00 and gave the company a “buy” rating in a report on Thursday. JPMorgan Chase & Co. lowered their price target on shares of Ollie’s Bargain Outlet from $88.00 to $85.00 and set a “neutral” rating for the company in a report on Thursday. The Goldman Sachs Group raised their price objective on shares of Ollie’s Bargain Outlet from $91.00 to $104.00 and gave the stock a “buy” rating in a research note on Thursday. Royal Bank of Canada reissued an “outperform” rating and issued a $86.00 price objective on shares of Ollie’s Bargain Outlet in a research note on Thursday. Finally, TheStreet downgraded shares of Ollie’s Bargain Outlet from a “b” rating to a “c+” rating in a research note on Thursday, December 14th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $84.08.

Insider Activity at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, CEO John W. Swygert sold 5,000 shares of Ollie’s Bargain Outlet stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $82.57, for a total value of $412,850.00. Following the transaction, the chief executive officer now directly owns 48,200 shares of the company’s stock, valued at $3,979,874. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO John W. Swygert sold 2,342 shares of Ollie’s Bargain Outlet stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $75.23, for a total transaction of $176,188.66. Following the completion of the sale, the chief executive officer now directly owns 48,200 shares in the company, valued at $3,626,086. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO John W. Swygert sold 5,000 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $82.57, for a total transaction of $412,850.00. Following the transaction, the chief executive officer now owns 48,200 shares of the company’s stock, valued at $3,979,874. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of OLLI. Creative Planning purchased a new stake in shares of Ollie’s Bargain Outlet during the third quarter worth about $46,000. KBC Group NV purchased a new stake in shares of Ollie’s Bargain Outlet during the fourth quarter worth about $70,000. Captrust Financial Advisors grew its stake in Ollie’s Bargain Outlet by 81.1% during the 2nd quarter. Captrust Financial Advisors now owns 1,411 shares of the company’s stock valued at $83,000 after acquiring an additional 632 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in Ollie’s Bargain Outlet during the 2nd quarter valued at about $167,000. Finally, State of Wyoming grew its stake in Ollie’s Bargain Outlet by 371.7% during the 2nd quarter. State of Wyoming now owns 2,972 shares of the company’s stock valued at $172,000 after acquiring an additional 2,342 shares in the last quarter.

Ollie’s Bargain Outlet Company Profile

Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise in the United States. The company offers housewares, bed and bath, food, floor coverings, health and beauty aids, books and stationery, toys, and electronics; and other products, including hardware, candy, clothing, sporting goods, pet and lawn, and garden products.