JPMorgan Chase & Co. Reiterates “Neutral” Rating for Ollie’s Bargain Outlet (NASDAQ:OLLI)

Ollie’s Bargain Outlet (NASDAQ:OLLI)‘s stock had its “neutral” rating reissued by stock analysts at JPMorgan Chase & Co. in a report issued on Wednesday,Benzinga reports. They presently have a $70.00 price target on the stock, down from their prior price target of $152.00. JPMorgan Chase & Co.‘s target price indicates a potential upside of 10.47% from the stock’s previous close.

OLLI has been the topic of a number of other research reports. Morgan Stanley reduced their price target on Ollie’s Bargain Outlet from $120.00 to $108.00 and set an “equal weight” rating on the stock in a research report on Thursday, June 4th. Royal Bank Of Canada lowered their price objective on Ollie’s Bargain Outlet from $153.00 to $152.00 and set an “outperform” rating for the company in a research report on Wednesday, May 27th. UBS Group cut their target price 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. Wells Fargo & Company reduced their target price on shares of Ollie’s Bargain Outlet from $130.00 to $115.00 and set an “overweight” rating on the stock in a report on Wednesday, May 13th. Finally, Jefferies Financial Group upgraded shares of Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and boosted their price target for the stock from $120.00 to $130.00 in a report on Thursday, April 2nd. Thirteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Ollie’s Bargain Outlet presently has a consensus rating of “Moderate Buy” and a consensus price target of $118.53.

Ollie’s Bargain Outlet Price Performance

Shares of OLLI stock traded down $4.66 during trading on Wednesday, reaching $63.37. The company’s stock had a trading volume of 1,394,020 shares, compared to its average volume of 1,573,032. Ollie’s Bargain Outlet has a 1-year low of $63.69 and a 1-year high of $141.74. The stock’s 50-day moving average price is $78.86 and its 200 day moving average price is $96.08. The company has a market capitalization of $3.83 billion, a price-to-earnings ratio of 15.53, a P/E/G ratio of 1.20 and a beta of 0.47.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its earnings results on Wednesday, June 3rd. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $661.65 million. During the same period in the prior year, the business earned $0.75 EPS. The firm’s quarterly revenue 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 anticipate that Ollie’s Bargain Outlet will post 4.52 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC raised its position in shares of Ollie’s Bargain Outlet by 13.2% during the 2nd quarter. GAMMA Investing LLC now owns 1,632 shares of the company’s stock worth $125,000 after acquiring an additional 190 shares in the last quarter. Western Wealth Management LLC acquired a new position in Ollie’s Bargain Outlet in the first quarter valued at approximately $387,000. NewEdge Advisors LLC increased its stake in Ollie’s Bargain Outlet by 618.6% in the first quarter. NewEdge Advisors LLC now owns 4,491 shares of the company’s stock valued at $413,000 after purchasing an additional 3,866 shares during the last quarter. Alpine Woods Capital Investors LLC purchased a new position in Ollie’s Bargain Outlet in the first quarter valued at approximately $205,000. Finally, Edgestream Partners L.P. acquired a new stake in Ollie’s Bargain Outlet during the first quarter worth approximately $2,753,000.

Ollie’s Bargain Outlet Company Profile

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.