Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI – Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 877,359 shares changed hands during 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
A number of research firms have recently weighed in on OLLI. Gordon Haskett restated an “accumulate” rating and issued a $90.00 target price (down from $100.00) on shares of Ollie’s Bargain Outlet in a report on Thursday, June 4th. Wells Fargo & Company lowered their price target on shares of Ollie’s Bargain Outlet from $130.00 to $115.00 and set an “overweight” rating for the company in a report on Wednesday, May 13th. Loop Capital reiterated a “buy” rating and issued a $135.00 price target on shares of Ollie’s Bargain Outlet in a research report on Thursday, June 4th. Weiss Ratings cut Ollie’s Bargain Outlet from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, April 22nd. Finally, KeyCorp restated an “overweight” rating on shares of Ollie’s Bargain Outlet in a research report on Monday, June 15th. Thirteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Ollie’s Bargain Outlet has an average rating of “Moderate Buy” and a consensus target price of $118.53.
Read Our Latest Research Report on Ollie’s Bargain Outlet
Ollie’s Bargain Outlet Trading Down 7.9%
Ollie’s Bargain Outlet (NASDAQ:OLLI – Get Free Report) last released its earnings results 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 analysts’ expectations of $661.65 million. During the same quarter in the prior year, the firm posted $0.75 earnings per share. The company’s quarterly 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. On average, equities research analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 4.52 EPS for the current fiscal year.
Institutional Trading of Ollie’s Bargain Outlet
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. boosted its holdings in shares of Ollie’s Bargain Outlet by 315.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,707,117 shares of the company’s stock valued at $187,117,000 after purchasing an additional 1,296,672 shares during the period. Balyasny Asset Management L.P. purchased a new position in Ollie’s Bargain Outlet during the 3rd quarter worth $136,152,000. Norges Bank bought a new stake in Ollie’s Bargain Outlet during the 4th quarter valued at $85,845,000. Invesco Ltd. raised 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 valued at $384,282,000 after purchasing an additional 440,243 shares in the last quarter. Finally, Freestone Grove Partners LP purchased a new stake in shares of Ollie’s Bargain Outlet in the 4th quarter worth $44,168,000.
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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