Ollie’s Bargain Outlet (NASDAQ:OLLI) Given New $111.00 Price Target at Citigroup

Ollie’s Bargain Outlet (NASDAQ:OLLI) had its price target cut by Citigroup from $141.00 to $111.00 in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other research analysts have also recently issued reports on OLLI. Royal Bank Of Canada decreased their price objective on shares of Ollie’s Bargain Outlet from $155.00 to $153.00 and set an “outperform” rating for the company in a report on Wednesday, April 29th. UBS Group set a $125.00 price target on shares of Ollie’s Bargain Outlet in a report on Monday, March 16th. JPMorgan Chase & Co. cut their price objective on shares of Ollie’s Bargain Outlet from $163.00 to $152.00 and set an “overweight” rating on the stock in a research report on Monday, April 13th. Bank of America reissued a “buy” rating on shares of Ollie’s Bargain Outlet in a research report on Friday, March 13th. Finally, Jefferies Financial Group raised shares of Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and upped their price target for the stock from $120.00 to $130.00 in a research report on Thursday, April 2nd. Thirteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $138.36.

Ollie’s Bargain Outlet Trading Down 0.7%

Shares of NASDAQ OLLI opened at $75.18 on Tuesday. Ollie’s Bargain Outlet has a 1-year low of $74.40 and a 1-year high of $141.74. The company has a market cap of $4.56 billion, a PE ratio of 19.28, a P/E/G ratio of 1.33 and a beta of 0.48. The company has a 50-day moving average of $94.44 and a two-hundred day moving average of $108.25.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings results on Thursday, March 12th. The company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.38 by $0.01. Ollie’s Bargain Outlet had a net margin of 9.08% and a return on equity of 13.18%. The company had revenue of $779.26 million during the quarter, compared to analysts’ expectations of $783.72 million. During the same quarter in the previous year, the company earned $1.19 EPS. Ollie’s Bargain Outlet’s revenue was up 16.8% on a year-over-year basis. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.400-4.500 EPS. As a group, equities research analysts forecast that Ollie’s Bargain Outlet will post 4.48 earnings per share for the current year.

Insider Transactions at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, Chairman John W. Swygert sold 3,330 shares of the stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of $95.80, for a total transaction of $319,014.00. Following the sale, the chairman directly owned 48,200 shares in the company, valued at $4,617,560. This represents a 6.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 12,459 shares of company stock worth $1,149,218 in the last 90 days. Corporate insiders own 0.87% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in OLLI. Goldman Sachs Group Inc. lifted its position in shares of Ollie’s Bargain Outlet by 315.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,707,117 shares of the company’s stock worth $187,117,000 after purchasing an additional 1,296,672 shares during the period. Balyasny Asset Management L.P. acquired a new stake in Ollie’s Bargain Outlet in the 3rd quarter valued at $136,152,000. Norges Bank acquired a new stake in Ollie’s Bargain Outlet in the 4th quarter valued at $85,845,000. Invesco Ltd. boosted its holdings in Ollie’s Bargain Outlet by 17.2% during the 3rd quarter. Invesco Ltd. now owns 2,992,848 shares of the company’s stock worth $384,282,000 after acquiring an additional 440,243 shares during the last quarter. Finally, Freestone Grove Partners LP purchased a new position in Ollie’s Bargain Outlet during the 4th quarter worth $44,168,000.

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.