Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Receives $144.00 Average Price Target from Brokerages

Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) have been assigned an average rating of “Moderate Buy” from the fourteen analysts that are currently covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $144.00.

Several analysts recently issued reports on OLLI shares. Piper Sandler raised their price target on Ollie’s Bargain Outlet from $123.00 to $150.00 and gave the stock an “overweight” rating in a report on Tuesday, August 19th. Weiss Ratings reissued a “buy (b)” rating on shares of Ollie’s Bargain Outlet in a report on Wednesday, October 8th. Bank of America upped their price target on shares of Ollie’s Bargain Outlet from $130.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, August 29th. Wells Fargo & Company increased their price objective on shares of Ollie’s Bargain Outlet from $105.00 to $130.00 and gave the stock an “equal weight” rating in a report on Friday, August 29th. Finally, Wall Street Zen raised shares of Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st.

Insider Activity

In related news, CEO Der Valk Eric Van sold 4,000 shares of Ollie’s Bargain Outlet stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $132.27, for a total transaction of $529,080.00. Following the sale, the chief executive officer directly owned 7,761 shares in the company, valued at $1,026,547.47. The trade was a 34.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Larry Kraus sold 8,921 shares of the company’s stock in a transaction dated Monday, October 13th. The stock was sold at an average price of $130.31, for a total transaction 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 position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 128,890 shares of company stock worth $17,057,659 over the last ninety days. 0.75% of the stock is currently owned by company insiders.

Institutional Trading of Ollie’s Bargain Outlet

A number of hedge funds and other institutional investors have recently made changes to their positions in OLLI. Assetmark Inc. raised its holdings in Ollie’s Bargain Outlet by 44.8% during the second quarter. Assetmark Inc. now owns 265 shares of the company’s stock worth $35,000 after purchasing an additional 82 shares in the last quarter. Blue Barn Wealth LLC boosted its stake in Ollie’s Bargain Outlet by 2.8% in the 2nd quarter. Blue Barn Wealth LLC now owns 3,114 shares of the company’s stock worth $410,000 after purchasing an additional 86 shares during the period. Bessemer Group Inc. boosted its position in shares of Ollie’s Bargain Outlet by 25.0% in the third quarter. Bessemer Group Inc. now owns 430 shares of the company’s stock worth $55,000 after buying an additional 86 shares during the period. MAI Capital Management grew its position in Ollie’s Bargain Outlet by 28.5% during the second quarter. MAI Capital Management now owns 397 shares of the company’s stock valued at $52,000 after purchasing an additional 88 shares in the last quarter. Finally, Campbell Newman Asset Management Inc. grew its stake in Ollie’s Bargain Outlet by 0.4% in the third quarter. Campbell Newman Asset Management Inc. now owns 20,850 shares of the company’s stock valued at $2,677,000 after purchasing an additional 90 shares in the last quarter.

Ollie’s Bargain Outlet Stock Performance

Ollie’s Bargain Outlet stock opened at $123.46 on Wednesday. Ollie’s Bargain Outlet has a 1 year low of $86.88 and a 1 year high of $141.74. The firm’s 50-day moving average is $127.96 and its 200-day moving average is $125.04. The company has a market cap of $7.57 billion, a P/E ratio of 35.79, a PEG ratio of 2.50 and a beta of 0.41.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings data on Thursday, August 28th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.08. Ollie’s Bargain Outlet had a net margin of 8.74% and a return on equity of 12.66%. The firm had revenue of $679.56 million for the quarter, compared to analyst estimates of $658.03 million. During the same quarter in the prior year, the business earned $0.78 earnings per share. Ollie’s Bargain Outlet’s quarterly revenue was up 17.5% on a year-over-year basis. Ollie’s Bargain Outlet has set its FY 2025 guidance at 3.760-3.840 EPS. As a group, sell-side analysts predict that Ollie’s Bargain Outlet will post 3.29 earnings per share for the current year.

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.