Ollie’s Bargain Outlet (NASDAQ:OLLI) Given “Neutral” Rating at JPMorgan Chase & Co.

JPMorgan Chase & Co. restated their neutral rating on shares of Ollie’s Bargain Outlet (NASDAQ:OLLI) in a research report report published on Wednesday,Benzinga reports. JPMorgan Chase & Co. currently has a $70.00 price target on the stock, down from their previous price target of $152.00.

Several other equities analysts have also recently weighed in on OLLI. Truist Financial set a $112.00 price target on Ollie’s Bargain Outlet in a report on Thursday, June 4th. Morgan Stanley decreased their price objective on Ollie’s Bargain Outlet from $120.00 to $108.00 and set an “equal weight” rating on the stock in a report on Thursday, June 4th. KeyCorp reaffirmed an “overweight” rating on shares of Ollie’s Bargain Outlet in a research note on Monday, June 15th. Wells Fargo & Company lowered their price objective on shares of Ollie’s Bargain Outlet from $130.00 to $115.00 and set an “overweight” rating for the company in a research report on Wednesday, May 13th. Finally, Bank of America reissued a “buy” rating on shares of Ollie’s Bargain Outlet in a research note on Friday, March 13th. Thirteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Ollie’s Bargain Outlet has a consensus rating of “Moderate Buy” and an average price target of $118.53.

Ollie’s Bargain Outlet Stock Performance

Shares of OLLI stock opened at $61.88 on Wednesday. The stock has a fifty day simple moving average of $78.25 and a two-hundred day simple moving average of $95.75. The firm has a market capitalization of $3.74 billion, a PE ratio of 15.28, a PEG ratio of 1.18 and a beta of 0.47. Ollie’s Bargain Outlet has a 52-week low of $61.61 and a 52-week high of $141.74.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings data on Wednesday, June 3rd. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. Ollie’s Bargain Outlet had a return on equity of 13.43% and a net margin of 9.13%.The firm had revenue of $658.93 million during the quarter, compared to analyst estimates of $661.65 million. During the same quarter in the prior year, the company posted $0.75 earnings per share. The business’s quarterly revenue was up 14.2% compared to the same quarter last year. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. On average, sell-side analysts forecast that Ollie’s Bargain Outlet will post 4.52 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in OLLI. Integrated Wealth Concepts LLC lifted its holdings in shares of Ollie’s Bargain Outlet by 28.0% in the 1st quarter. Integrated Wealth Concepts LLC now owns 2,815 shares of the company’s stock worth $328,000 after buying an additional 615 shares during the period. Jones Financial Companies Lllp increased its position in Ollie’s Bargain Outlet by 993.4% during the 1st quarter. Jones Financial Companies Lllp now owns 2,154 shares of the company’s stock valued at $251,000 after purchasing an additional 1,957 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Ollie’s Bargain Outlet by 42.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 446,277 shares of the company’s stock valued at $51,929,000 after purchasing an additional 133,537 shares in the last quarter. Empowered Funds LLC purchased a new stake in shares of Ollie’s Bargain Outlet in the 1st quarter worth approximately $359,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Ollie’s Bargain Outlet by 12.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 183,412 shares of the company’s stock worth $21,342,000 after purchasing an additional 19,837 shares during the period.

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.