Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI – Get Free Report)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $73.26 and last traded at $73.42, with a volume of 2124803 shares. The stock had previously closed at $76.91.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on the company. Morgan Stanley cut their price objective 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. The Goldman Sachs Group lowered their target price on shares of Ollie’s Bargain Outlet from $151.00 to $129.00 and set a “buy” rating on the stock in a report on Thursday, June 4th. Wells Fargo & Company dropped their price target on shares of Ollie’s Bargain Outlet from $130.00 to $115.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 13th. Gordon Haskett reiterated an “accumulate” rating and issued a $90.00 price target (down from $100.00) on shares of Ollie’s Bargain Outlet in a research note on Thursday, June 4th. Finally, KeyCorp reissued an “overweight” rating on shares of Ollie’s Bargain Outlet in a research report on Monday, June 15th. Fourteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.13.
View Our Latest Analysis on Ollie’s Bargain Outlet
Ollie’s Bargain Outlet Trading Up 1.8%
Ollie’s Bargain Outlet (NASDAQ:OLLI – Get Free Report) last released its quarterly earnings data on Wednesday, June 3rd. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. Ollie’s Bargain Outlet had a net margin of 9.13% and a return on equity of 13.43%. The firm had revenue of $658.93 million during the quarter, compared to analysts’ expectations of $661.65 million. During the same period in the previous year, the business posted $0.75 earnings per share. The company’s revenue for the quarter was up 14.2% compared to the same quarter last year. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. On average, sell-side analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 4.52 EPS for the current year.
Insider Buying and Selling
In related news, Chairman John W. Swygert sold 5,231 shares of the company’s stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $92.09, for a total value of $481,722.79. Following the transaction, the chairman owned 48,200 shares in the company, valued at approximately $4,438,738. This represents a 9.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 12,459 shares of company stock valued at $1,149,218. 0.75% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Ollie’s Bargain Outlet
Institutional investors and hedge funds have recently made changes to their positions in the company. Wasatch Advisors LP lifted its holdings in Ollie’s Bargain Outlet by 1.2% during the 2nd quarter. Wasatch Advisors LP now owns 4,062,147 shares of the company’s stock worth $535,310,000 after purchasing an additional 49,603 shares during the last quarter. Invesco Ltd. increased its position in Ollie’s Bargain Outlet by 17.2% during the 3rd quarter. Invesco Ltd. now owns 2,992,848 shares of the company’s stock worth $384,282,000 after buying an additional 440,243 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Ollie’s Bargain Outlet by 315.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,707,117 shares of the company’s stock worth $187,117,000 after buying an additional 1,296,672 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Ollie’s Bargain Outlet by 6.1% during the first quarter. Dimensional Fund Advisors LP now owns 1,272,306 shares of the company’s stock worth $117,098,000 after buying an additional 72,781 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Ollie’s Bargain Outlet by 4.9% in the fourth quarter. Geode Capital Management LLC now owns 1,217,762 shares of the company’s stock valued at $133,504,000 after acquiring an additional 56,948 shares during the period.
About Ollie’s Bargain Outlet
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.
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