Ollie’s Bargain Outlet (NASDAQ:OLLI) Reaches New 52-Week Low – Should You Sell?

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) shares reached a new 52-week low during trading on Tuesday . The company traded as low as $87.79 and last traded at $89.2210, with a volume of 734265 shares traded. The stock had previously closed at $93.68.

Analyst Ratings Changes

A number of research firms have commented on OLLI. Piper Sandler reaffirmed an “overweight” rating and set a $128.00 target price (down from $140.00) on shares of Ollie’s Bargain Outlet in a report on Friday, March 13th. Truist Financial set a $135.00 target price on shares of Ollie’s Bargain Outlet in a report on Friday, March 13th. Loop Capital raised shares of Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and lifted their target price for the stock from $130.00 to $135.00 in a report on Monday, December 22nd. Weiss Ratings lowered shares of Ollie’s Bargain Outlet from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, April 9th. Finally, Bank of America reaffirmed a “buy” rating on shares of Ollie’s Bargain Outlet in a report on Friday, March 13th. Thirteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Ollie’s Bargain Outlet presently has a consensus rating of “Moderate Buy” and an average price target of $140.64.

Ollie’s Bargain Outlet Price Performance

The business’s 50-day moving average price is $101.59 and its two-hundred day moving average price is $112.26. The company has a market capitalization of $5.42 billion, a P/E ratio of 22.89, a PEG ratio of 1.66 and a beta of 0.59.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings results on Thursday, March 12th. The company reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.01. The company had revenue of $779.26 million for the quarter, compared to analysts’ expectations of $783.72 million. Ollie’s Bargain Outlet had a net margin of 9.08% and a return on equity of 13.18%. The business’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same period last year, the firm posted $1.19 earnings per share. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.400-4.500 EPS. Research analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 4.48 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 5,231 shares of Ollie’s Bargain Outlet stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $92.09, for a total transaction of $481,722.79. Following the transaction, the chairman directly owned 48,200 shares of the company’s stock, valued at $4,438,738. This trade represents a 9.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 13,585 shares of company stock worth $1,275,398 over the last quarter. Company insiders own 0.87% of the company’s stock.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Louisiana State Employees Retirement System bought a new position in shares of Ollie’s Bargain Outlet during the first quarter worth $1,638,000. CENTRAL TRUST Co lifted its position in Ollie’s Bargain Outlet by 131.6% in the 1st quarter. CENTRAL TRUST Co now owns 477 shares of the company’s stock valued at $44,000 after acquiring an additional 271 shares in the last quarter. Campbell Newman Asset Management Inc. lifted its position in Ollie’s Bargain Outlet by 1.7% in the 1st quarter. Campbell Newman Asset Management Inc. now owns 20,426 shares of the company’s stock valued at $1,880,000 after acquiring an additional 337 shares in the last quarter. Pullen Investment Management LLC lifted its position in Ollie’s Bargain Outlet by 1.8% in the 1st quarter. Pullen Investment Management LLC now owns 14,434 shares of the company’s stock valued at $1,329,000 after acquiring an additional 251 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its position in Ollie’s Bargain Outlet by 662.7% in the 4th quarter. Hsbc Holdings PLC now owns 26,153 shares of the company’s stock valued at $2,894,000 after acquiring an additional 22,724 shares in the last quarter.

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.