Stock Traders Purchase High Volume of Ollie’s Bargain Outlet Put Options (NASDAQ:OLLI)

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI – Get Free Report) was the recipient of unusually large options trading on Wednesday. Stock investors bought 7,322 put options on the stock. This is an increase of 803% compared to the typical volume of 811 put options.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on OLLI. Royal Bank Of Canada dropped their price objective on shares of Ollie’s Bargain Outlet from $153.00 to $152.00 and set an “outperform” rating for the company in a research note on Wednesday, May 27th. 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. Citigroup cut their price target on shares of Ollie’s Bargain Outlet from $141.00 to $111.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. Loop Capital reaffirmed a “buy” rating and set a $135.00 price objective on shares of Ollie’s Bargain Outlet in a report on Thursday, June 4th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $70.00 price objective (down from $152.00) on shares of Ollie’s Bargain Outlet in a research note on Wednesday. Thirteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Ollie’s Bargain Outlet currently has an average rating of “Moderate Buy” and a consensus price target of $118.53.

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Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. boosted its position 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 purchasing an additional 1,296,672 shares in the last quarter. Balyasny Asset Management L.P. bought a new stake in shares of Ollie’s Bargain Outlet in the 3rd quarter valued at $136,152,000. Norges Bank acquired a new stake in Ollie’s Bargain Outlet during the 4th quarter worth $85,845,000. Invesco Ltd. lifted its holdings in Ollie’s Bargain Outlet by 17.2% during the third quarter. Invesco Ltd. now owns 2,992,848 shares of the company’s stock worth $384,282,000 after acquiring an additional 440,243 shares in the last quarter. Finally, Freestone Grove Partners LP acquired a new position in Ollie’s Bargain Outlet in the fourth quarter valued at about $44,168,000.

Ollie’s Bargain Outlet Stock Performance

OLLI traded down $5.00 during mid-day trading on Wednesday, reaching $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 capitalization of $3.81 billion, a P/E ratio of 15.60, a P/E/G ratio of 1.20 and a beta of 0.47. Ollie’s Bargain Outlet has a 52 week low of $62.37 and a 52 week high of $141.74. The firm’s fifty day simple moving average is $78.86 and its two-hundred day simple moving average is $96.08.

Ollie’s Bargain Outlet (NASDAQ:OLLI – Get Free Report) last posted 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. The business had revenue of $658.93 million for the quarter, compared to analysts’ expectations of $661.65 million. Ollie’s Bargain Outlet had a return on equity of 13.43% and a net margin of 9.13%.The firm’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.75 earnings per share. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. As a group, analysts expect that Ollie’s Bargain Outlet will post 4.52 EPS for the current fiscal year.

Ollie’s Bargain Outlet Company Profile

(Get Free Report)

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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