Ollie’s Bargain Outlet (NASDAQ:OLLI) Price Target Raised to $144.00

Ollie’s Bargain Outlet (NASDAQ:OLLI) had its price target hoisted by Royal Bank Of Canada from $133.00 to $144.00 in a research note issued to investors on Monday, MarketBeat Ratings reports. Royal Bank Of Canada currently has an outperform rating on the stock.

Other analysts also recently issued research reports about the company. JPMorgan Chase & Co. raised their price target on Ollie’s Bargain Outlet from $137.00 to $159.00 and gave the stock an “overweight” rating in a report on Monday, July 21st. Wall Street Zen raised Ollie’s Bargain Outlet from a “sell” rating to a “hold” rating in a report on Tuesday, May 13th. Loop Capital downgraded Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and set a $130.00 price target on the stock. in a report on Tuesday, June 24th. Piper Sandler restated an “overweight” rating and issued a $123.00 target price (down previously from $124.00) on shares of Ollie’s Bargain Outlet in a research report on Wednesday, June 4th. Finally, Truist Financial upped their target price on shares of Ollie’s Bargain Outlet from $128.00 to $146.00 and gave the stock a “buy” rating in a research report on Wednesday, August 13th. Nine investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $130.79.

Ollie’s Bargain Outlet Stock Down 0.5%

NASDAQ:OLLI opened at $134.88 on Monday. The business’s 50 day moving average is $131.02 and its two-hundred day moving average is $116.43. Ollie’s Bargain Outlet has a 52 week low of $86.29 and a 52 week high of $141.74. The company has a market cap of $8.27 billion, a PE ratio of 41.50, a P/E/G ratio of 3.04 and a beta of 0.40.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings results on Tuesday, June 3rd. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.05. The business had revenue of $576.77 million for the quarter, compared to the consensus estimate of $565.04 million. Ollie’s Bargain Outlet had a return on equity of 12.27% and a net margin of 8.59%.The business’s revenue was up 13.4% on a year-over-year basis. During the same quarter last year, the business posted $0.73 EPS. Ollie’s Bargain Outlet has set its FY 2025 guidance at 3.650-3.750 EPS. As a group, sell-side analysts expect that Ollie’s Bargain Outlet will post 3.29 EPS for the current fiscal year.

Insiders Place Their Bets

In other Ollie’s Bargain Outlet news, CEO Der Valk Eric Van sold 728 shares of Ollie’s Bargain Outlet stock in a transaction on Friday, June 13th. The stock was sold at an average price of $112.85, for a total transaction of $82,154.80. Following the sale, the chief executive officer owned 7,761 shares of the company’s stock, valued at $875,828.85. The trade was a 8.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.75% of the stock is owned by insiders.

Institutional Trading of Ollie’s Bargain Outlet

Hedge funds have recently added to or reduced their stakes in the business. Wasatch Advisors LP increased its position in shares of Ollie’s Bargain Outlet by 1.2% during the 2nd quarter. Wasatch Advisors LP now owns 4,062,147 shares of the company’s stock valued at $535,310,000 after purchasing an additional 49,603 shares during the period. Invesco Ltd. increased its position in shares of Ollie’s Bargain Outlet by 55.5% during the 2nd quarter. Invesco Ltd. now owns 2,552,605 shares of the company’s stock valued at $336,382,000 after purchasing an additional 911,364 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Ollie’s Bargain Outlet by 2.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,242,332 shares of the company’s stock valued at $136,325,000 after purchasing an additional 24,890 shares during the period. Hood River Capital Management LLC increased its position in shares of Ollie’s Bargain Outlet by 165.4% during the 2nd quarter. Hood River Capital Management LLC now owns 1,240,339 shares of the company’s stock valued at $163,452,000 after purchasing an additional 773,013 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Ollie’s Bargain Outlet by 0.4% during the 2nd quarter. Geode Capital Management LLC now owns 1,140,234 shares of the company’s stock valued at $150,284,000 after purchasing an additional 5,000 shares during the period.

Ollie’s Bargain Outlet Company Profile

Ollie’s Bargain Outlet Holdings, Inc is a holding company, which engages in the retail of closeouts, excess inventory, and salvage merchandise. It offers overstocks, package changes, manufacturer refurbished goods, and irregulars. The company’s products include housewares, food, books and stationery, bed and bath, floor coverings, electronics and toys.