Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Receives $142.57 Average Target Price from Brokerages

Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) have earned a consensus recommendation of “Moderate Buy” from the sixteen brokerages that are presently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $142.5714.

A number of equities research analysts recently commented on the stock. Wall Street Zen cut shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. Craig Hallum reissued a “buy” rating and issued a $157.00 target price on shares of Ollie’s Bargain Outlet in a research report on Wednesday, December 10th. KeyCorp reaffirmed an “overweight” rating on shares of Ollie’s Bargain Outlet in a research report on Wednesday, December 10th. The Goldman Sachs Group reiterated a “buy” rating and set a $162.00 price target on shares of Ollie’s Bargain Outlet in a research note on Wednesday, December 10th. Finally, Royal Bank Of Canada set a $140.00 price objective on Ollie’s Bargain Outlet in a research note on Wednesday, December 10th.

Ollie’s Bargain Outlet Stock Performance

Shares of NASDAQ:OLLI opened at $110.79 on Thursday. The company has a market capitalization of $6.79 billion, a P/E ratio of 30.61, a price-to-earnings-growth ratio of 1.99 and a beta of 0.44. The company’s 50-day moving average is $119.21 and its 200 day moving average is $126.74. Ollie’s Bargain Outlet has a fifty-two week low of $94.88 and a fifty-two week high of $141.74.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data on Tuesday, December 9th. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.71 by $0.04. The business 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 8.81% and a return on equity of 12.86%. The company’s revenue for the quarter was up 18.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.58 earnings per share. Ollie’s Bargain Outlet has set its FY 2025 guidance at 3.810-3.870 EPS. As a group, research analysts predict that Ollie’s Bargain Outlet will post 3.29 earnings per share for the current year.

Insider Activity

In related news, SVP Larry Kraus sold 8,921 shares of the company’s stock in a transaction that occurred on 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 sale, the senior vice president directly owned 3,679 shares in the company, valued at approximately $479,410.49. This represents a 70.80% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Robert F. Helm sold 367 shares of the firm’s stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of $120.08, for a total transaction of $44,069.36. Following the completion of the transaction, the chief financial officer directly owned 3,641 shares of the company’s stock, valued at approximately $437,211.28. This trade represents a 9.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 15,744 shares of company stock valued at $2,031,770 over the last quarter. Company insiders own 0.87% of the company’s stock.

Institutional Trading of Ollie’s Bargain Outlet

A number of hedge funds and other institutional investors have recently made changes to their positions in OLLI. Allworth Financial LP grew its holdings in Ollie’s Bargain Outlet by 301.8% during the 3rd quarter. Allworth Financial LP now owns 221 shares of the company’s stock valued at $28,000 after buying an additional 166 shares in the last quarter. Private Trust Co. NA boosted its position in shares of Ollie’s Bargain Outlet by 71.3% in the third quarter. Private Trust Co. NA now owns 245 shares of the company’s stock valued at $31,000 after acquiring an additional 102 shares during the period. Assetmark Inc. grew its stake in Ollie’s Bargain Outlet by 44.8% during the second quarter. Assetmark Inc. now owns 265 shares of the company’s stock valued at $35,000 after acquiring an additional 82 shares in the last quarter. Maseco LLP bought a new stake in Ollie’s Bargain Outlet during the 2nd quarter worth approximately $36,000. Finally, Shell Asset Management Co. purchased a new stake in Ollie’s Bargain Outlet in the 3rd quarter worth approximately $37,000.

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.