Ollie’s Bargain Outlet (NASDAQ:OLLI) Reaches New 12-Month Low – What’s Next?

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)’s share price reached a new 52-week low on Monday . The stock traded as low as $73.26 and last traded at $73.42, with a volume of 2124803 shares changing hands. The stock had previously closed at $76.91.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on OLLI. Bank of America reaffirmed a “buy” rating on shares of Ollie’s Bargain Outlet in a research note on Friday, March 13th. Royal Bank Of Canada reduced their price objective on Ollie’s Bargain Outlet from $153.00 to $152.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 27th. Loop Capital restated a “buy” rating and issued a $135.00 target price on shares of Ollie’s Bargain Outlet in a research report on Thursday, June 4th. KeyCorp restated an “overweight” rating on shares of Ollie’s Bargain Outlet in a research report on Monday, June 15th. Finally, JPMorgan Chase & Co. cut their target price on Ollie’s Bargain Outlet from $163.00 to $152.00 and set an “overweight” rating for the company in a research note on Monday, April 13th. Fourteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Ollie’s Bargain Outlet currently has an average rating of “Moderate Buy” and an average price target of $125.13.

Ollie’s Bargain Outlet Price Performance

The stock has a market cap 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 business has a 50 day moving average price of $83.41 and a two-hundred day moving average price of $99.68.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its earnings results on Wednesday, June 3rd. The company reported $0.91 EPS for the quarter, topping 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 period in the previous year, the firm earned $0.75 earnings per share. The firm’s revenue for the quarter was up 14.2% on a year-over-year basis. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. On average, sell-side analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 4.52 earnings per share for the current fiscal year.

Insider Activity at Ollie’s Bargain Outlet

In other news, Chairman John W. Swygert sold 5,231 shares of the stock in a transaction dated 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 sale, the chairman directly owned 48,200 shares in the company, valued at approximately $4,438,738. This represents a 9.79% decrease in their ownership of the stock. The transaction 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 12,459 shares of company stock worth $1,149,218 over the last ninety days. Corporate insiders own 0.75% of the company’s stock.

Institutional Trading of Ollie’s Bargain Outlet

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Thrivent Financial for Lutherans boosted its holdings in Ollie’s Bargain Outlet by 0.6% in the second quarter. Thrivent Financial for Lutherans now owns 14,458 shares of the company’s stock valued at $1,905,000 after acquiring an additional 91 shares in the last quarter. 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 in the last quarter. 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 in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Ollie’s Bargain Outlet by 3.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 4,037 shares of the company’s stock worth $518,000 after purchasing an additional 121 shares during the period. Finally, Dana Investment Advisors Inc. lifted its position in shares of Ollie’s Bargain Outlet by 2.5% in the 4th quarter. Dana Investment Advisors Inc. now owns 5,649 shares of the company’s stock worth $619,000 after purchasing an additional 137 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.