Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI – Get Free Report) reached 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 trading hands. The stock had previously closed at $74.21.
Analysts Set New Price Targets
A number of analysts have recently issued reports on OLLI shares. Truist Financial set a $112.00 target price on Ollie’s Bargain Outlet in a report on Thursday, June 4th. Piper Sandler set a $114.00 price target on Ollie’s Bargain Outlet in a research report on Wednesday, June 3rd. UBS Group decreased their price objective on Ollie’s Bargain Outlet from $125.00 to $87.00 and set a “neutral” rating for the company in a research report on Thursday, June 4th. Wells Fargo & Company lowered their target price on Ollie’s Bargain Outlet from $130.00 to $115.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 13th. Finally, JPMorgan Chase & Co. dropped their target price on Ollie’s Bargain Outlet from $163.00 to $152.00 and set an “overweight” rating on the stock in a report on Monday, April 13th. Fourteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $124.00.
Get Our Latest Report on Ollie’s Bargain Outlet
Ollie’s Bargain Outlet Price Performance
Ollie’s Bargain Outlet (NASDAQ:OLLI – Get Free Report) last announced its quarterly earnings results 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. Ollie’s Bargain Outlet had a return on equity of 13.43% and a net margin of 9.13%.The business had revenue of $658.93 million during the quarter, compared to analyst estimates of $661.65 million. During the same period in the previous year, the company earned $0.75 EPS. The firm’s revenue 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, sell-side analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 4.52 earnings per share for the current fiscal year.
Insider Buying and Selling at Ollie’s Bargain Outlet
In other news, Chairman John W. Swygert sold 3,330 shares of the company’s stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of $95.80, for a total transaction of $319,014.00. Following the completion of the sale, the chairman owned 48,200 shares in the company, valued at approximately $4,617,560. This represents a 6.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.75% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Ollie’s Bargain Outlet
Several hedge funds and other institutional investors have recently added to or reduced their stakes in OLLI. 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. Allworth Financial LP increased its position 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 valued at $28,000 after purchasing an additional 166 shares during the period. Maseco LLP acquired a new position in shares of Ollie’s Bargain Outlet in the fourth quarter valued at $30,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of 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 in the last quarter. Finally, CENTRAL TRUST Co lifted its position in Ollie’s Bargain Outlet by 131.6% in the first quarter. CENTRAL TRUST Co now owns 477 shares of the company’s stock worth $44,000 after purchasing an additional 271 shares during the period.
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.
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