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

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) has received a consensus rating of “Moderate Buy” from the seventeen research firms that are currently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $125.1333.

Several equities analysts have recently issued reports on OLLI shares. Piper Sandler set a $114.00 price target on shares of Ollie’s Bargain Outlet in a report on Wednesday, June 3rd. Loop Capital reissued a “buy” rating and set a $135.00 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 boosted their price target for the company from $120.00 to $130.00 in a report on Thursday, April 2nd. Citigroup reduced their price target on shares of Ollie’s Bargain Outlet from $141.00 to $111.00 and set a “buy” rating for the company in a report on Tuesday, May 12th. Finally, Weiss Ratings downgraded shares of Ollie’s Bargain Outlet from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, April 22nd.

Ollie’s Bargain Outlet Price Performance

OLLI stock opened at $77.47 on Thursday. Ollie’s Bargain Outlet has a 1-year low of $73.32 and a 1-year high of $141.74. The firm has a fifty day moving average price of $84.20 and a two-hundred day moving average price of $100.32. The firm has a market cap of $4.68 billion, a price-to-earnings ratio of 19.13, a PEG ratio of 1.43 and a beta of 0.46.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its earnings results on Wednesday, June 3rd. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.04. Ollie’s Bargain Outlet had a net margin of 9.13% and a return on equity of 13.43%. 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 previous year, the firm earned $0.75 earnings per share. The firm’s revenue for the quarter 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. As a group, analysts expect that Ollie’s Bargain Outlet will post 4.52 EPS for the current fiscal year.

Insider Activity

In other news, Chairman John W. Swygert sold 5,231 shares of the business’s stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $92.09, for a total transaction of $481,722.79. Following the completion of the transaction, the chairman owned 48,200 shares of the company’s stock, valued at approximately $4,438,738. The trade was a 9.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 12,459 shares of company stock worth $1,149,218 over the last three months. Insiders own 0.75% of the company’s stock.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

Hedge funds and other institutional investors have recently modified their holdings of the company. Allworth Financial LP boosted its holdings in shares of Ollie’s Bargain Outlet by 301.8% during the third quarter. Allworth Financial LP now owns 221 shares of the company’s stock valued at $28,000 after acquiring an additional 166 shares during the period. Cornerstone Planning Group LLC lifted its holdings in Ollie’s Bargain Outlet by 218.8% in the fourth quarter. Cornerstone Planning Group LLC now owns 255 shares of the company’s stock worth $27,000 after purchasing an additional 175 shares during the period. Maseco LLP acquired a new stake in Ollie’s Bargain Outlet in the fourth quarter worth about $30,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Ollie’s Bargain Outlet by 49.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 279 shares of the company’s stock worth $31,000 after purchasing an additional 92 shares during the period. Finally, Shell Asset Management Co. acquired a new stake in Ollie’s Bargain Outlet in the third quarter worth about $37,000.

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.