Ollie’s Bargain Outlet (NASDAQ:OLLI) Shares Gap Down – Should You Sell?

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) shares gapped down before the market opened on Tuesday . The stock had previously closed at $118.80, but opened at $110.82. Ollie’s Bargain Outlet shares last traded at $113.43, with a volume of 1,319,260 shares changing hands.

Analyst Ratings Changes

OLLI has been the subject of a number of analyst reports. Morgan Stanley cut their price objective on shares of Ollie’s Bargain Outlet from $145.00 to $130.00 and set an “equal weight” rating for the company in a research report on Wednesday. Jefferies Financial Group boosted their price target on shares of Ollie’s Bargain Outlet from $111.00 to $135.00 and gave the company a “hold” rating in a research report on Friday, August 29th. Weiss Ratings reiterated a “buy (b)” rating on shares of Ollie’s Bargain Outlet in a research report on Wednesday, October 8th. Citigroup reduced their target price on Ollie’s Bargain Outlet from $154.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, November 24th. Finally, Truist Financial upped their target price on Ollie’s Bargain Outlet from $146.00 to $148.00 and gave the stock a “buy” rating in a research note on Thursday, August 28th. Eleven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $143.21.

Ollie’s Bargain Outlet Price Performance

The company has a 50 day simple moving average of $123.27 and a 200-day simple moving average of $126.87. The stock has a market cap of $7.20 billion, a P/E ratio of 32.40, a price-to-earnings-growth ratio of 2.33 and a beta of 0.44.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data on Tuesday, December 9th. The company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.04. The company had revenue of $613.62 million for the quarter, compared to analysts’ expectations of $613.63 million. Ollie’s Bargain Outlet had a return on equity of 12.86% and a net margin of 8.81%.Ollie’s Bargain Outlet’s revenue for the quarter was up 18.6% compared to the same quarter last year. During the same period last year, the firm posted $0.58 EPS. Ollie’s Bargain Outlet has set its FY 2025 guidance at 3.810-3.870 EPS. As a group, research analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Insider Buying and Selling

In other Ollie’s Bargain Outlet news, SVP Larry Kraus sold 8,921 shares of the business’s stock in a transaction on Monday, October 13th. The shares were sold at an average price of $130.31, for a total value of $1,162,495.51. Following the completion of the sale, the senior vice president directly owned 3,679 shares of the company’s stock, valued at $479,410.49. The trade was a 70.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Robert F. Helm sold 367 shares of the company’s stock in a transaction dated Thursday, October 23rd. The shares were sold at an average price of $120.08, for a total transaction of $44,069.36. Following the sale, the chief financial officer owned 3,641 shares of the company’s stock, valued at approximately $437,211.28. The trade was a 9.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 126,773 shares of company stock worth $16,782,449 in the last ninety days. 0.75% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Ollie’s Bargain Outlet

Several institutional investors have recently bought and sold shares of the stock. Wasatch Advisors LP grew its position in 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 worth $535,310,000 after acquiring an additional 49,603 shares during the last quarter. Invesco Ltd. lifted its position in Ollie’s Bargain Outlet by 17.2% in the third quarter. Invesco Ltd. now owns 2,992,848 shares of the company’s stock valued at $384,282,000 after purchasing an additional 440,243 shares during the last quarter. Hood River Capital Management LLC boosted its stake in shares of Ollie’s Bargain Outlet by 165.4% during the second 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. Geode Capital Management LLC grew its holdings in shares of Ollie’s Bargain Outlet by 0.4% in the second quarter. Geode Capital Management LLC now owns 1,140,234 shares of the company’s stock worth $150,284,000 after purchasing an additional 5,000 shares during the last quarter. Finally, Geneva Capital Management LLC increased its stake in shares of Ollie’s Bargain Outlet by 7.6% in the second quarter. Geneva Capital Management LLC now owns 1,129,086 shares of the company’s stock worth $148,791,000 after buying an additional 79,627 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.