Ollie’s Bargain Outlet (NASDAQ:OLLI) Hits New 12-Month Low – What’s Next?

Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $70.48 and last traded at $69.9040, with a volume of 1954258 shares changing hands. The stock had previously closed at $74.21.

Wall Street Analysts Forecast Growth

OLLI has been the topic of several recent research reports. Royal Bank Of Canada decreased their target price on shares of Ollie’s Bargain Outlet from $153.00 to $152.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 27th. Truist Financial set a $112.00 price target on shares of Ollie’s Bargain Outlet in a research note on Thursday, June 4th. Bank of America reaffirmed a “buy” rating on shares of Ollie’s Bargain Outlet in a report on Friday, March 13th. The Goldman Sachs Group lowered their price objective on Ollie’s Bargain Outlet from $129.00 to $112.00 and set a “buy” rating on the stock in a research note on Monday, June 29th. Finally, UBS Group dropped their target price on Ollie’s Bargain Outlet from $125.00 to $87.00 and set a “neutral” rating for the company in a report on Thursday, June 4th. Fourteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Ollie’s Bargain Outlet has an average rating of “Moderate Buy” and a consensus price target of $124.00.

Ollie’s Bargain Outlet Trading Down 5.7%

The firm has a market capitalization of $4.23 billion, a price-to-earnings ratio of 17.30, a P/E/G ratio of 1.29 and a beta of 0.47. The firm has a fifty day moving average price of $79.68 and a 200 day moving average price of $96.66.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings data on Wednesday, June 3rd. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.04. The firm had revenue of $658.93 million during the quarter, compared to the consensus estimate of $661.65 million. Ollie’s Bargain Outlet had a return on equity of 13.43% and a net margin of 9.13%.The business’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.75 EPS. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. As a group, equities analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 4.52 EPS for the current fiscal year.

Insiders Place Their Bets

In other Ollie’s Bargain Outlet news, Chairman John W. Swygert sold 3,330 shares of the business’s stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of $95.80, for a total value of $319,014.00. Following the completion of the transaction, the chairman directly owned 48,200 shares of the company’s stock, valued at approximately $4,617,560. The trade was a 6.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.75% of the company’s stock.

Institutional Trading of Ollie’s Bargain Outlet

Several institutional investors and hedge funds have recently added to or reduced their stakes in OLLI. Allworth Financial LP raised its stake 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 worth $28,000 after buying an additional 166 shares during the last quarter. Cornerstone Planning Group LLC boosted its position in shares of Ollie’s Bargain Outlet by 218.8% in the 4th 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 last quarter. Maseco LLP acquired a new stake in shares of Ollie’s Bargain Outlet during the fourth quarter worth $30,000. Northwestern Mutual Wealth Management Co. increased 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 valued at $31,000 after purchasing an additional 92 shares during the last quarter. Finally, Quarry LP bought a new stake in Ollie’s Bargain Outlet in the third quarter valued at about $55,000.

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.