Analysts Set Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) PT at $142.14

Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) have been assigned an average rating of “Moderate Buy” from the sixteen brokerages that are presently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $142.1429.

A number of equities research analysts recently weighed in on OLLI shares. UBS Group lowered their price objective on shares of Ollie’s Bargain Outlet from $141.00 to $130.00 and set a “neutral” rating for the company in a research report on Wednesday, December 10th. Loop Capital upgraded Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and lifted their target price for the company from $130.00 to $135.00 in a research note on Monday, December 22nd. Piper Sandler reaffirmed an “overweight” rating on shares of Ollie’s Bargain Outlet in a report on Wednesday, December 10th. KeyCorp reissued an “overweight” rating on shares of Ollie’s Bargain Outlet in a report on Wednesday, December 10th. Finally, Wall Street Zen lowered Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th.

Insider Activity

In other news, Chairman John W. Swygert sold 1,126 shares of the company’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $112.06, for a total transaction of $126,179.56. Following the completion of the transaction, the chairman owned 48,200 shares in the company, valued at approximately $5,401,292. This represents a 2.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.87% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. increased its stake in shares of Ollie’s Bargain Outlet by 315.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,707,117 shares of the company’s stock valued at $187,117,000 after purchasing an additional 1,296,672 shares during the period. Balyasny Asset Management L.P. bought a new position in Ollie’s Bargain Outlet in the 3rd quarter worth approximately $136,152,000. Invesco Ltd. increased its position in Ollie’s Bargain Outlet by 55.5% in the 2nd quarter. Invesco Ltd. now owns 2,552,605 shares of the company’s stock valued at $336,382,000 after acquiring an additional 911,364 shares during the period. Norges Bank acquired a new stake in Ollie’s Bargain Outlet in the 4th quarter valued at approximately $85,845,000. Finally, Hood River Capital Management LLC raised its stake in Ollie’s Bargain Outlet by 165.4% during the 2nd quarter. Hood River Capital Management LLC now owns 1,240,339 shares of the company’s stock valued at $163,452,000 after acquiring an additional 773,013 shares in the last quarter.

Ollie’s Bargain Outlet Stock Down 1.2%

NASDAQ:OLLI opened at $113.70 on Friday. The company has a market cap of $6.97 billion, a PE ratio of 31.41, a P/E/G ratio of 1.74 and a beta of 0.51. The business’s 50 day moving average is $112.56 and its two-hundred day moving average is $122.83. Ollie’s Bargain Outlet has a 52 week low of $94.88 and a 52 week high of $141.74.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings results on Tuesday, December 9th. The company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.04. Ollie’s Bargain Outlet had a return on equity of 12.86% and a net margin of 8.81%.The business had revenue of $613.62 million during the quarter, compared to the consensus estimate of $613.63 million. During the same period in the previous year, the business earned $0.58 EPS. The business’s quarterly revenue was up 18.6% on a year-over-year basis. Ollie’s Bargain Outlet has set its FY 2025 guidance at 3.810-3.870 EPS. As a group, sell-side analysts expect that Ollie’s Bargain Outlet will post 3.29 EPS for the current fiscal year.

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.