UBS Group Has Lowered Expectations for Ollie’s Bargain Outlet (NASDAQ:OLLI) Stock Price

Ollie’s Bargain Outlet (NASDAQ:OLLI) had its price objective dropped by UBS Group from $141.00 to $130.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s target price indicates a potential upside of 14.31% from the company’s previous close.

Several other brokerages have also weighed in on OLLI. KeyCorp restated an “overweight” rating on shares of Ollie’s Bargain Outlet in a research note on Wednesday. Citigroup dropped their price objective on Ollie’s Bargain Outlet from $154.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, November 24th. Truist Financial boosted their price objective on Ollie’s Bargain Outlet from $146.00 to $148.00 and gave the company a “buy” rating in a research report on Thursday, August 28th. The Goldman Sachs Group reiterated a “buy” rating and set a $162.00 target price on shares of Ollie’s Bargain Outlet in a research report on Wednesday. Finally, Piper Sandler reissued an “overweight” rating on shares of Ollie’s Bargain Outlet in a research note on Wednesday. Eleven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $144.21.

Ollie’s Bargain Outlet Stock Performance

Shares of OLLI traded down $0.35 during trading hours on Wednesday, hitting $113.73. The stock had a trading volume of 368,696 shares, compared to its average volume of 1,137,154. The firm has a 50-day moving average price of $123.57 and a 200 day moving average price of $126.97. Ollie’s Bargain Outlet has a fifty-two week low of $94.88 and a fifty-two week high of $141.74. The firm has a market capitalization of $6.97 billion, a price-to-earnings ratio of 33.00, a PEG ratio of 2.42 and a beta of 0.44.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings results on Tuesday, December 9th. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.71 by $0.04. The company had revenue of $613.62 million for the quarter, compared to analyst estimates of $613.63 million. Ollie’s Bargain Outlet had a net margin of 8.74% and a return on equity of 12.66%. The firm’s revenue was up 18.6% on a year-over-year basis. During the same quarter last year, the business earned $0.58 earnings per share. Ollie’s Bargain Outlet has set its FY 2025 guidance at 3.810-3.870 EPS. As a group, analysts predict that Ollie’s Bargain Outlet will post 3.29 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, SVP James J. Comitale sold 1,775 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $125.75, for a total value of $223,206.25. Following the sale, the senior vice president directly owned 2,898 shares of the company’s stock, valued at $364,423.50. The trade was a 37.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Robert F. Helm sold 1,493 shares of the stock in a transaction on Friday, October 17th. The shares were sold at an average price of $122.92, for a total value of $183,519.56. Following the completion of the transaction, the chief financial officer directly owned 4,008 shares of the company’s stock, valued at approximately $492,663.36. This represents a 27.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 126,773 shares of company stock valued at $16,782,449. 0.87% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

Hedge funds and other institutional investors have recently modified their holdings of the business. Allworth Financial LP increased its holdings in shares of Ollie’s Bargain Outlet by 301.8% during the 3rd quarter. Allworth Financial LP now owns 221 shares of the company’s stock worth $28,000 after buying an additional 166 shares during the last quarter. Swiss Life Asset Management Ltd grew its position in Ollie’s Bargain Outlet by 76.6% in the third quarter. Swiss Life Asset Management Ltd now owns 2,789 shares of the company’s stock worth $358,000 after acquiring an additional 1,210 shares during the period. Trust Investment Advisors purchased a new position in Ollie’s Bargain Outlet in the third quarter worth approximately $206,000. Danske Bank A S acquired a new stake in Ollie’s Bargain Outlet during the third quarter worth $64,000. Finally, Advisory Services Network LLC raised its position in Ollie’s Bargain Outlet by 123.7% in the third quarter. Advisory Services Network LLC now owns 6,277 shares of the company’s stock valued at $806,000 after purchasing an additional 3,471 shares during the period.

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.