Zacks Research Issues Positive Forecast for OLLI Earnings

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) – Zacks Research boosted their Q2 2027 EPS estimates for Ollie’s Bargain Outlet in a report released on Friday, June 12th. Zacks Research analyst Team now anticipates that the company will post earnings per share of $1.18 for the quarter, up from their prior forecast of $1.16. The consensus estimate for Ollie’s Bargain Outlet’s current full-year earnings is $4.52 per share. Zacks Research also issued estimates for Ollie’s Bargain Outlet’s Q3 2027 earnings at $0.83 EPS, Q4 2027 earnings at $1.60 EPS, FY2027 earnings at $4.52 EPS, Q1 2028 earnings at $1.02 EPS, Q2 2028 earnings at $1.34 EPS, Q4 2028 earnings at $1.75 EPS, FY2028 earnings at $5.12 EPS and Q1 2029 earnings at $1.17 EPS.

A number of other brokerages have also weighed in on OLLI. The Goldman Sachs Group lowered their price target on shares of Ollie’s Bargain Outlet from $151.00 to $129.00 and set a “buy” rating for the company in a report on Thursday, June 4th. Truist Financial set a $112.00 price target on shares of Ollie’s Bargain Outlet in a report on Thursday, June 4th. Jefferies Financial Group raised shares of Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and raised their price target for the company from $120.00 to $130.00 in a report on Thursday, April 2nd. KeyCorp set a $140.00 price target on shares of Ollie’s Bargain Outlet in a report on Wednesday, June 3rd. Finally, Gordon Haskett reaffirmed an “accumulate” rating and set a $90.00 target price (down from $100.00) on shares of Ollie’s Bargain Outlet in a report on Thursday, June 4th. Fourteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $125.13.

Ollie’s Bargain Outlet Price Performance

Shares of Ollie’s Bargain Outlet stock opened at $83.25 on Monday. The firm has a market cap of $5.03 billion, a P/E ratio of 20.56, a P/E/G ratio of 1.45 and a beta of 0.46. The firm has a 50 day simple moving average of $85.06 and a 200 day simple moving average of $101.23. Ollie’s Bargain Outlet has a fifty-two week low of $73.32 and a fifty-two week high of $141.74.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings results on Wednesday, June 3rd. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. The business had revenue of $658.93 million during the quarter, compared to analyst estimates of $661.65 million. Ollie’s Bargain Outlet had a net margin of 9.13% and a return on equity of 13.43%. Ollie’s Bargain Outlet’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.75 earnings per share. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS.

Insider Buying and Selling

In other Ollie’s Bargain Outlet news, Chairman John W. Swygert sold 3,330 shares of Ollie’s Bargain Outlet stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of $95.80, for a total transaction of $319,014.00. Following the completion of the sale, the chairman owned 48,200 shares of the company’s stock, valued at approximately $4,617,560. The trade was a 6.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 12,459 shares of company stock worth $1,149,218. 0.75% of the stock is currently owned by insiders.

Institutional Trading of Ollie’s Bargain Outlet

Institutional investors have recently bought and sold shares of the business. Cornerstone Planning Group LLC grew its holdings in Ollie’s Bargain Outlet by 218.8% during the 4th quarter. Cornerstone Planning Group LLC now owns 255 shares of the company’s stock worth $27,000 after acquiring an additional 175 shares during the period. Allworth Financial LP grew its holdings in shares of Ollie’s Bargain Outlet by 301.8% in the 3rd quarter. Allworth Financial LP now owns 221 shares of the company’s stock valued at $28,000 after buying an additional 166 shares during the period. Maseco LLP acquired a new position in shares of Ollie’s Bargain Outlet in the 4th quarter valued at $30,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Ollie’s Bargain Outlet by 49.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 279 shares of the company’s stock valued at $31,000 after buying an additional 92 shares during the period. Finally, Shell Asset Management Co. acquired a new position in shares of Ollie’s Bargain Outlet in the 3rd quarter valued at $37,000.

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.