Ollie’s Bargain Outlet (NASDAQ:OLLI) Announces Earnings Results, Beats Expectations By $0.04 EPS

Ollie’s Bargain Outlet (NASDAQ:OLLI) issued its earnings results on Tuesday. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.04, FiscalAI reports. The business had revenue of $613.62 million during the quarter, compared to analyst estimates of $613.63 million. Ollie’s Bargain Outlet had a return on equity of 12.66% and a net margin of 8.74%. Ollie’s Bargain Outlet updated its FY 2025 guidance to 3.810-3.870 EPS.

Ollie’s Bargain Outlet Price Performance

OLLI opened at $118.80 on Tuesday. The firm has a market capitalization of $7.28 billion, a price-to-earnings ratio of 34.43, a PEG ratio of 2.48 and a beta of 0.44. Ollie’s Bargain Outlet has a one year low of $94.88 and a one year high of $141.74. The business has a 50 day simple moving average of $123.86 and a two-hundred day simple moving average of $126.95.

Analyst Upgrades and Downgrades

OLLI has been the subject of a number of recent research reports. Citigroup lowered their price objective on shares of Ollie’s Bargain Outlet from $154.00 to $150.00 and set a “buy” rating for the company in a report on Monday, November 24th. Weiss Ratings reissued a “buy (b)” rating on shares of Ollie’s Bargain Outlet in a research note on Wednesday, October 8th. Morgan Stanley raised their price objective on Ollie’s Bargain Outlet from $118.00 to $145.00 and gave the company an “equal weight” rating in a research note on Friday, August 29th. Piper Sandler lifted their price objective on Ollie’s Bargain Outlet from $123.00 to $150.00 and gave the stock an “overweight” rating in a report on Tuesday, August 19th. Finally, Wall Street Zen cut Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. Nine analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Ollie’s Bargain Outlet currently has a consensus rating of “Moderate Buy” and an average target price of $145.38.

Insider Buying and Selling

In related news, SVP Larry Kraus sold 8,921 shares of the business’s stock in a transaction dated Monday, October 13th. The shares were sold at an average price of $130.31, for a total transaction of $1,162,495.51. Following the transaction, the senior vice president owned 3,679 shares in the company, valued at $479,410.49. The trade was a 70.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman John W. Swygert sold 107,058 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $132.87, for a total transaction of $14,224,796.46. Following the transaction, the chairman owned 48,200 shares of the company’s stock, valued at $6,404,334. The trade was a 68.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 126,773 shares of company stock valued at $16,782,449 over the last three months. Insiders own 0.87% of the company’s stock.

Institutional Investors Weigh In On Ollie’s Bargain Outlet

Several hedge funds have recently added to or reduced their stakes in OLLI. Allworth Financial LP increased its holdings in shares of Ollie’s Bargain Outlet by 301.8% during the third quarter. Allworth Financial LP now owns 221 shares of the company’s stock valued at $28,000 after acquiring an additional 166 shares in the last quarter. Quarry LP purchased a new stake in Ollie’s Bargain Outlet during the 3rd quarter valued at about $55,000. Johnson Financial Group Inc. bought a new stake in Ollie’s Bargain Outlet during the 3rd quarter valued at about $62,000. Danske Bank A S purchased a new position in Ollie’s Bargain Outlet in the third quarter worth about $64,000. Finally, NewEdge Advisors LLC lifted its stake in shares of Ollie’s Bargain Outlet by 28.0% in the third quarter. NewEdge Advisors LLC now owns 800 shares of the company’s stock worth $103,000 after buying an additional 175 shares in the last quarter.

About Ollie’s Bargain Outlet

Ollie’s Bargain Outlet Holdings, Inc is a holding company, which engages in the retail of closeouts, excess inventory, and salvage merchandise. It offers overstocks, package changes, manufacturer refurbished goods, and irregulars. The company’s products include housewares, food, books and stationery, bed and bath, floor coverings, electronics and toys.