Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Receives Average Recommendation of “Moderate Buy” from Brokerages

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) has been assigned a consensus rating of “Moderate Buy” from the sixteen brokerages that are currently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $142.1429.

OLLI has been the subject of a number of analyst reports. Royal Bank Of Canada set a $140.00 price objective on Ollie’s Bargain Outlet in a research note on Wednesday, December 10th. Craig Hallum reiterated a “buy” rating and issued a $157.00 target price on shares of Ollie’s Bargain Outlet in a report on Wednesday, December 10th. Wells Fargo & Company lowered their price target on shares of Ollie’s Bargain Outlet from $125.00 to $120.00 and set an “equal weight” rating on the stock in a report on Friday, December 19th. 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. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Ollie’s Bargain Outlet in a research report on Wednesday, December 10th.

Insider Transactions at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, CFO Robert F. Helm sold 367 shares of Ollie’s Bargain Outlet stock in a transaction on Thursday, October 23rd. The shares were sold at an average price of $120.08, for a total value of $44,069.36. Following the transaction, the chief financial officer directly owned 3,641 shares of the company’s stock, valued at approximately $437,211.28. The trade was a 9.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.75% of the company’s stock.

Institutional Trading of Ollie’s Bargain Outlet

A number of institutional investors have recently made changes to their positions in the business. Assetmark Inc. increased its holdings 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 period. Blue Barn Wealth LLC lifted its holdings in shares of Ollie’s Bargain Outlet by 2.8% during the second quarter. Blue Barn Wealth LLC now owns 3,114 shares of the company’s stock worth $410,000 after purchasing an additional 86 shares during the period. Bessemer Group Inc. boosted its position in Ollie’s Bargain Outlet by 25.0% in the third quarter. Bessemer Group Inc. now owns 430 shares of the company’s stock valued at $55,000 after buying an additional 86 shares during the last quarter. MAI Capital Management increased its holdings in Ollie’s Bargain Outlet by 28.5% in the 2nd quarter. MAI Capital Management now owns 397 shares of the company’s stock worth $52,000 after buying an additional 88 shares during the period. Finally, Campbell Newman Asset Management Inc. raised its position in Ollie’s Bargain Outlet by 0.4% during the 3rd quarter. Campbell Newman Asset Management Inc. now owns 20,850 shares of the company’s stock worth $2,677,000 after buying an additional 90 shares during the last quarter.

Ollie’s Bargain Outlet Stock Down 0.6%

Shares of OLLI stock opened at $116.61 on Monday. The firm has a market cap of $7.15 billion, a price-to-earnings ratio of 32.21, a PEG ratio of 2.06 and a beta of 0.48. The company’s 50 day moving average is $117.02 and its 200 day moving average is $125.63. 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 posted its earnings results on Tuesday, December 9th. The company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.04. The company had revenue of $613.62 million during the quarter, compared to analyst estimates of $613.63 million. Ollie’s Bargain Outlet had a return on equity of 12.86% and a net margin of 8.81%.Ollie’s Bargain Outlet’s revenue was up 18.6% on a year-over-year basis. During the same quarter in the prior 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. Analysts anticipate 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.