Ollie’s Bargain Outlet Sees Unusually Large Options Volume (NASDAQ:OLLI)

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) was the target of some unusual options trading on Wednesday. Stock investors purchased 7,322 put options on the stock. This represents an increase of 803% compared to the typical volume of 811 put options.

Institutional Investors Weigh In On Ollie’s Bargain Outlet

Hedge funds and other institutional investors have recently made changes to their positions in the business. Allworth Financial LP grew its position in 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 in the last quarter. Cornerstone Planning Group LLC raised its holdings in Ollie’s Bargain Outlet by 218.8% in 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 in the last quarter. Maseco LLP bought a new stake in shares of Ollie’s Bargain Outlet during the 4th quarter valued at $30,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Ollie’s Bargain Outlet by 49.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 279 shares of the company’s stock worth $31,000 after purchasing an additional 92 shares in the last quarter. Finally, Quarry LP bought a new position in shares of Ollie’s Bargain Outlet in the third quarter worth $55,000.

Analyst Ratings Changes

A number of research analysts recently issued reports on OLLI shares. KeyCorp reiterated an “overweight” rating on shares of Ollie’s Bargain Outlet in a report on Monday, June 15th. Weiss Ratings lowered shares of Ollie’s Bargain Outlet from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, April 22nd. Wells Fargo & Company dropped their target price on shares of Ollie’s Bargain Outlet from $130.00 to $115.00 and set an “overweight” rating on the stock in a report on Wednesday, May 13th. Piper Sandler set a $114.00 price objective on Ollie’s Bargain Outlet in a research note on Wednesday, June 3rd. Finally, Loop Capital reiterated a “buy” rating and set a $135.00 target price on shares of Ollie’s Bargain Outlet in a research note on Thursday, June 4th. Thirteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $118.53.

Ollie’s Bargain Outlet Stock Down 7.3%

Shares of Ollie’s Bargain Outlet stock traded down $5.00 on Wednesday, hitting $63.03. The stock had a trading volume of 2,513,053 shares, compared to its average volume of 1,581,629. The stock has a market cap of $3.81 billion, a price-to-earnings ratio of 15.60, a price-to-earnings-growth ratio of 1.20 and a beta of 0.47. Ollie’s Bargain Outlet has a twelve month low of $62.37 and a twelve month high of $141.74. The business’s 50 day moving average is $78.86 and its two-hundred day moving average is $96.08.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings data on Wednesday, June 3rd. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. Ollie’s Bargain Outlet had a return on equity of 13.43% and a net margin of 9.13%.The firm had revenue of $658.93 million for the quarter, compared to analyst estimates of $661.65 million. During the same period in the prior year, the firm posted $0.75 EPS. The company’s revenue for the quarter was up 14.2% on a year-over-year basis. 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 will post 4.52 earnings per share for the current fiscal year.

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.