Weekly Investment Analysts’ Ratings Changes for Ollie’s Bargain Outlet (OLLI)

Posted by Patrick Bannon on Apr 11th, 2024

Several brokerages have updated their recommendations and price targets on shares of Ollie’s Bargain Outlet (NASDAQ: OLLI) in the last few weeks:

4/5/2024 – Ollie’s Bargain Outlet was upgraded by analysts at Loop Capital from a “hold” rating to a “buy” rating. They now have a $90.00 price target on the stock, up previously from $80.00.
3/21/2024 – Ollie’s Bargain Outlet had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $86.00 price target on the stock.
3/21/2024 – Ollie’s Bargain Outlet had its price target lowered by analysts at JPMorgan Chase & Co. from $88.00 to $85.00. They now have a “neutral” rating on the stock.
3/21/2024 – Ollie’s Bargain Outlet had its price target raised by analysts at Truist Financial Co. from $78.00 to $80.00. They now have a “hold” rating on the stock.
3/21/2024 – Ollie’s Bargain Outlet had its price target raised by analysts at Craig Hallum from $98.00 to $100.00. They now have a “buy” rating on the stock.
3/21/2024 – Ollie’s Bargain Outlet had its price target raised by analysts at The Goldman Sachs Group, Inc. from $91.00 to $104.00. They now have a “buy” rating on the stock.

Ollie’s Bargain Outlet Price Performance

Shares of Ollie’s Bargain Outlet stock opened at $72.82 on Thursday. The company’s fifty day simple moving average is $76.43 and its 200-day simple moving average is $75.29. The stock has a market capitalization of $4.47 billion, a PE ratio of 24.94 and a beta of 0.76. Ollie’s Bargain Outlet Holdings, Inc. has a 1-year low of $52.93 and a 1-year high of $84.38.

Ollie’s Bargain Outlet (NASDAQ:OLLI – Get Free Report) last issued its quarterly earnings results on Wednesday, March 20th. The company reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.07. The business had revenue of $648.90 million for the quarter, compared to analysts’ expectations of $649.39 million. Ollie’s Bargain Outlet had a net margin of 8.63% and a return on equity of 12.55%. The company’s revenue was up 18.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.84 EPS. As a group, research analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.18 EPS for the current year.

Insider Transactions at Ollie’s Bargain Outlet

In other news, CEO John W. Swygert sold 5,000 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $82.57, for a total transaction of $412,850.00. Following the sale, the chief executive officer now directly owns 48,200 shares in the company, valued at approximately $3,979,874. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Ollie’s Bargain Outlet news, CEO John W. Swygert sold 5,000 shares of Ollie’s Bargain Outlet stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $82.57, for a total value of $412,850.00. Following the completion of the transaction, the chief executive officer now directly owns 48,200 shares of the company’s stock, valued at approximately $3,979,874. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Robert F. Helm sold 2,317 shares of Ollie’s Bargain Outlet stock in a transaction on Monday, March 25th. The stock was sold at an average price of $78.14, for a total transaction of $181,050.38. Following the completion of the transaction, the chief financial officer now directly owns 1,777 shares of the company’s stock, valued at $138,854.78. The disclosure for this sale can be found here. Insiders have sold 22,171 shares of company stock worth $1,722,888 in the last 90 days. 0.86% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

A number of large investors have recently made changes to their positions in the company. Los Angeles Capital Management LLC boosted its stake in shares of Ollie’s Bargain Outlet by 6,328.7% during the 1st quarter. Los Angeles Capital Management LLC now owns 187,140 shares of the company’s stock worth $14,891,000 after purchasing an additional 184,229 shares during the period. Kapitalo Investimentos Ltda purchased a new stake in Ollie’s Bargain Outlet in the 4th quarter valued at about $447,000. Nomura Holdings Inc. purchased a new stake in Ollie’s Bargain Outlet in the 4th quarter valued at about $3,019,000. Vanguard Group Inc. boosted its position in Ollie’s Bargain Outlet by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 5,539,005 shares of the company’s stock valued at $420,355,000 after buying an additional 43,979 shares during the period. Finally, Greenwood Capital Associates LLC boosted its position in Ollie’s Bargain Outlet by 38.5% in the 4th quarter. Greenwood Capital Associates LLC now owns 7,435 shares of the company’s stock valued at $564,000 after buying an additional 2,065 shares during the period.

Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise in the United States. The company offers housewares, bed and bath, food, floor coverings, health and beauty aids, books and stationery, toys, and electronics; and other products, including hardware, candy, clothing, sporting goods, pet and lawn, and garden products.