Ollie’s Bargain Outlet (NASDAQ:OLLI) Upgraded to “Buy” at Jefferies Financial Group

Ollie’s Bargain Outlet (NASDAQ:OLLI) was upgraded by analysts at Jefferies Financial Group from a “hold” rating to a “buy” rating in a research report issued on Thursday, Marketbeat Ratings reports. The firm currently has a $130.00 target price on the stock. Jefferies Financial Group’s price target points to a potential upside of 42.48% from the stock’s previous close.

A number of other equities research analysts have also weighed in on OLLI. KeyCorp reissued an “overweight” rating on shares of Ollie’s Bargain Outlet in a research note on Wednesday, December 10th. Bank of America reaffirmed a “buy” rating on shares of Ollie’s Bargain Outlet in a research note on Friday, March 13th. Wells Fargo & Company upgraded Ollie’s Bargain Outlet from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $120.00 to $130.00 in a research report on Friday, March 13th. Sanford C. Bernstein reissued an “outperform” rating on shares of Ollie’s Bargain Outlet in a research note on Wednesday, December 10th. Finally, Royal Bank Of Canada raised their target price on shares of Ollie’s Bargain Outlet from $147.00 to $155.00 and gave the stock an “outperform” rating in a report on Friday, March 13th. Fourteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Ollie’s Bargain Outlet currently has an average rating of “Moderate Buy” and a consensus price target of $141.14.

Ollie’s Bargain Outlet Stock Down 0.9%

Shares of NASDAQ:OLLI opened at $91.24 on Thursday. The stock has a market cap of $5.56 billion, a PE ratio of 23.39, a PEG ratio of 1.61 and a beta of 0.59. The company’s fifty day moving average is $105.72 and its 200 day moving average is $115.95. Ollie’s Bargain Outlet has a 52 week low of $88.44 and a 52 week high of $141.74.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings results on Thursday, March 12th. The company reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.01. Ollie’s Bargain Outlet had a net margin of 9.08% and a return on equity of 13.18%. The business had revenue of $779.26 million during the quarter, compared to the consensus estimate of $783.72 million. During the same period in the previous year, the firm posted $1.19 earnings per share. The firm’s revenue for the quarter was up 16.8% on a year-over-year basis. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.400-4.500 EPS. Sell-side analysts anticipate that Ollie’s Bargain Outlet will post 3.29 EPS for the current year.

Insider Activity

In related news, Chairman John W. Swygert sold 3,898 shares of the business’s stock in a transaction dated Friday, March 27th. The stock was sold at an average price of $89.40, for a total transaction of $348,481.20. Following the transaction, the chairman owned 53,431 shares in the company, valued at $4,776,731.40. The trade was a 6.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.75% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Cornerstone Planning Group LLC lifted its position 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 valued at $27,000 after acquiring an additional 175 shares during the period. Allworth Financial LP lifted its position in 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 acquiring an additional 166 shares in the last quarter. Maseco LLP purchased a new stake in shares of Ollie’s Bargain Outlet during the fourth quarter valued at $30,000. Private Trust Co. NA boosted its holdings in shares of Ollie’s Bargain Outlet by 71.3% during the 3rd quarter. Private Trust Co. NA now owns 245 shares of the company’s stock valued at $31,000 after acquiring an additional 102 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted 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 last quarter.

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.