Weekly Research Analysts’ Ratings Updates for Ollie’s Bargain Outlet (OLLI)

A number of research firms have changed their ratings and price targets for Ollie’s Bargain Outlet (NASDAQ: OLLI):

• 8/30/2024 – Ollie’s Bargain Outlet was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 8/30/2024 – Ollie’s Bargain Outlet had its price target lowered by analysts at JPMorgan Chase & Co. from $113.00 to $105.00. They now have an “overweight” rating on the stock.
• 8/30/2024 – Ollie’s Bargain Outlet had its “overweight” rating reaffirmed by analysts at Piper Sandler. They now have a $107.00 price target on the stock.
• 8/30/2024 – Ollie’s Bargain Outlet had its price target lowered by analysts at Royal Bank of Canada from $101.00 to $100.00. They now have an “outperform” rating on the stock.
• 8/30/2024 – Ollie’s Bargain Outlet had its price target raised by analysts at UBS Group AG from $97.00 to $99.00. They now have a “neutral” rating on the stock.
• 8/26/2024 – Ollie’s Bargain Outlet was upgraded by analysts at Gordon Haskett from an “accumulate” rating to a “buy” rating. They now have a $107.00 price target on the stock, up previously from $105.00.

Ollie’s Bargain Outlet Stock Performance

Shares of NASDAQ:OLLI traded up $0.16 during trading on Friday, reaching $98.32. The company had a trading volume of 463,280 shares, compared to its average volume of 1,040,842. The firm’s fifty day moving average is $95.55 and its 200 day moving average is $85.33. Ollie’s Bargain Outlet Holdings, Inc. has a twelve month low of $68.05 and a twelve month high of $104.98. The firm has a market capitalization of $6.03 billion, a PE ratio of 31.02, a price-to-earnings-growth ratio of 2.41 and a beta of 0.84.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data on Thursday, August 29th. The company reported $0.78 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.78. Ollie’s Bargain Outlet had a net margin of 9.19% and a return on equity of 13.27%. The company had revenue of $578.38 million during the quarter, compared to analysts’ expectations of $561.60 million. During the same quarter in the prior year, the company posted $0.67 EPS. The business’s revenue was up 12.4% on a year-over-year basis. Equities analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.28 earnings per share for the current fiscal year.

Insider Buying and Selling at Ollie’s Bargain Outlet

In related news, Director Thomas Hendrickson sold 4,500 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $97.54, for a total value of $438,930.00. Following the completion of the sale, the director now owns 5,659 shares in the company, valued at approximately $551,978.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Ollie’s Bargain Outlet news, SVP James J. Comitale sold 2,153 shares of the business’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $104.17, for a total transaction of $224,278.01. Following the sale, the senior vice president now owns 2,732 shares in the company, valued at approximately $284,592.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Thomas Hendrickson sold 4,500 shares of the stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $97.54, for a total value of $438,930.00. Following the transaction, the director now directly owns 5,659 shares of the company’s stock, valued at approximately $551,978.86. The disclosure for this sale can be found here. Company insiders own 0.87% of the company’s stock.

Institutional Investors Weigh In On Ollie’s Bargain Outlet

Several institutional investors have recently modified their holdings of OLLI. Signaturefd LLC increased its stake in shares of Ollie’s Bargain Outlet by 6.4% in the second quarter. Signaturefd LLC now owns 1,727 shares of the company’s stock valued at $170,000 after purchasing an additional 104 shares during the period. Vista Investment Partners LLC raised its holdings in Ollie’s Bargain Outlet by 1.8% in the 1st quarter. Vista Investment Partners LLC now owns 11,087 shares of the company’s stock worth $882,000 after acquiring an additional 191 shares during the period. Bank of Montreal Can increased its holdings in shares of Ollie’s Bargain Outlet by 2.4% during the 2nd quarter. Bank of Montreal Can now owns 8,319 shares of the company’s stock worth $820,000 after purchasing an additional 195 shares during the period. Bridge City Capital LLC boosted its position in shares of Ollie’s Bargain Outlet by 0.8% during the 1st quarter. Bridge City Capital LLC now owns 31,301 shares of the company’s stock valued at $2,491,000 after acquiring an additional 240 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new position in shares of Ollie’s Bargain Outlet during the second quarter worth approximately $25,000.

Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise in the United States. The company offers housewares, bed and bath, food, floor coverings, health and beauty aids, books and stationery, toys, and electronics; and other products, including hardware, candy, clothing, sporting goods, pet and lawn, and garden products.