Citigroup Lowers Ollie’s Bargain Outlet (NASDAQ:OLLI) Price Target to $141.00

Ollie’s Bargain Outlet (NASDAQ:OLLI) had its price objective dropped by stock analysts at Citigroup from $150.00 to $141.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s target price points to a potential upside of 23.78% from the stock’s current price.

Several other research analysts have also recently weighed in on OLLI. Craig Hallum reaffirmed a “buy” rating and set a $157.00 price objective on shares of Ollie’s Bargain Outlet in a research report on Wednesday. Weiss Ratings restated a “buy (b)” rating on shares of Ollie’s Bargain Outlet in a research note on Wednesday, October 8th. Piper Sandler reaffirmed an “overweight” rating on shares of Ollie’s Bargain Outlet in a research report on Wednesday. KeyCorp reaffirmed an “overweight” rating on shares of Ollie’s Bargain Outlet in a research note on Wednesday. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of Ollie’s Bargain Outlet in a research report on Wednesday. Eleven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Ollie’s Bargain Outlet currently has a consensus rating of “Moderate Buy” and a consensus target price of $142.57.

Ollie’s Bargain Outlet Stock Performance

Shares of OLLI opened at $113.91 on Thursday. The stock has a 50 day simple moving average of $122.66 and a 200 day simple moving average of $126.81. Ollie’s Bargain Outlet has a 52-week low of $94.88 and a 52-week high of $141.74. The firm has a market capitalization of $6.99 billion, a PE ratio of 31.47, a P/E/G ratio of 2.36 and a beta of 0.44.

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

Insider Transactions at Ollie’s Bargain Outlet

In other news, SVP James J. Comitale sold 1,775 shares of the firm’s 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 completion of the sale, the senior vice president directly owned 2,898 shares of the company’s stock, valued at $364,423.50. This trade represents a 37.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Larry Kraus sold 8,921 shares of the business’s stock in a transaction that occurred on Monday, October 13th. The stock was sold at an average price of $130.31, for a total value of $1,162,495.51. Following the transaction, the senior vice president directly 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 126,773 shares of company stock valued at $16,782,449. Company insiders own 0.75% of the company’s stock.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

Institutional investors and hedge funds have recently modified their holdings of the stock. Allworth Financial LP lifted its stake 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. Private Trust Co. NA lifted its position in Ollie’s Bargain Outlet by 71.3% during the third quarter. Private Trust Co. NA now owns 245 shares of the company’s stock worth $31,000 after acquiring an additional 102 shares during the last quarter. Assetmark Inc. grew its position in shares of Ollie’s Bargain Outlet by 44.8% in the second quarter. Assetmark Inc. now owns 265 shares of the company’s stock valued at $35,000 after purchasing an additional 82 shares during the last quarter. Maseco LLP bought a new position in shares of Ollie’s Bargain Outlet during the second quarter worth approximately $36,000. Finally, Shell Asset Management Co. bought a new position in shares of Ollie’s Bargain Outlet during the third quarter worth approximately $37,000.

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.