Ollie’s Bargain Outlet (NASDAQ:OLLI) Sees Strong Trading Volume – Still a Buy?

Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) saw an uptick in trading volume on Wednesday . 877,359 shares were traded during mid-day trading, a decline of 44% from the previous session’s volume of 1,564,937 shares.The stock last traded at $64.25 and had previously closed at $68.03.

Analyst Upgrades and Downgrades

OLLI has been the subject of a number of research reports. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $70.00 price objective (down from $152.00) on shares of Ollie’s Bargain Outlet in a research note on Wednesday. Gordon Haskett reaffirmed an “accumulate” rating and issued a $90.00 price target (down from $100.00) on shares of Ollie’s Bargain Outlet in a research report on Thursday, June 4th. The Goldman Sachs Group dropped their price objective on shares of 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. Loop Capital reissued a “buy” rating and set a $135.00 price objective on shares of Ollie’s Bargain Outlet in a report on Thursday, June 4th. Finally, Morgan Stanley lowered their target price on Ollie’s Bargain Outlet from $120.00 to $108.00 and set an “equal weight” rating for the company in a report on Thursday, June 4th. Thirteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $118.53.

Ollie’s Bargain Outlet Price Performance

The company has a market cap of $3.79 billion, a PE ratio of 15.49, a PEG ratio of 1.20 and a beta of 0.47. The stock’s 50-day moving average is $78.86 and its 200 day moving average is $96.08.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings results on Wednesday, June 3rd. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.04. The business had revenue of $658.93 million for the quarter, compared to analyst estimates of $661.65 million. Ollie’s Bargain Outlet had a net margin of 9.13% and a return on equity of 13.43%. The business’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.75 earnings per share. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. On average, analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 4.52 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in OLLI. Peregrine Capital Management LLC raised its position in shares of Ollie’s Bargain Outlet by 21.2% in the 4th quarter. Peregrine Capital Management LLC now owns 120,733 shares of the company’s stock valued at $13,234,000 after purchasing an additional 21,138 shares during the last quarter. TimesSquare Capital Management LLC grew its position in Ollie’s Bargain Outlet by 42.7% during the 4th quarter. TimesSquare Capital Management LLC now owns 246,235 shares of the company’s stock worth $26,990,000 after purchasing an additional 73,633 shares during the last quarter. Capital World Investors grew its position in Ollie’s Bargain Outlet by 76.5% during the 4th quarter. Capital World Investors now owns 695,464 shares of the company’s stock worth $76,230,000 after purchasing an additional 301,332 shares during the last quarter. Capital Research Global Investors increased its stake in Ollie’s Bargain Outlet by 70.2% during the 4th quarter. Capital Research Global Investors now owns 772,837 shares of the company’s stock valued at $84,711,000 after purchasing an additional 318,865 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in Ollie’s Bargain Outlet by 80.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 213,047 shares of the company’s stock valued at $23,352,000 after purchasing an additional 95,011 shares in 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.