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

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

• 12/23/2024 – Ollie’s Bargain Outlet had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $130.00 price target on the stock.
• 12/23/2024 – Ollie’s Bargain Outlet had its price target raised by analysts at Loop Capital from $120.00 to $130.00. They now have a “buy” rating on the stock.
• 12/19/2024 – Ollie’s Bargain Outlet was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 12/18/2024 – Ollie’s Bargain Outlet was upgraded by analysts at Citigroup Inc. from a “sell” rating to a “buy” rating. They now have a $133.00 price target on the stock, up previously from $64.00.
• 12/11/2024 – Ollie’s Bargain Outlet had its price target raised by analysts at JPMorgan Chase & Co. from $105.00 to $135.00. They now have an “overweight” rating on the stock.
• 12/11/2024 – Ollie’s Bargain Outlet had its price target raised by analysts at Piper Sandler from $107.00 to $126.00. They now have an “overweight” rating on the stock.
• 12/11/2024 – Ollie’s Bargain Outlet had its price target raised by analysts at Royal Bank of Canada from $120.00 to $130.00. They now have an “outperform” rating on the stock.
• 12/11/2024 – Ollie’s Bargain Outlet had its price target raised by analysts at Wells Fargo & Company from $95.00 to $105.00. They now have an “equal weight” rating on the stock.
• 12/11/2024 – Ollie’s Bargain Outlet had its price target raised by analysts at Loop Capital from $110.00 to $120.00. They now have a “buy” rating on the stock.
• 12/11/2024 – Ollie’s Bargain Outlet had its price target raised by analysts at Bank of America Co. from $115.00 to $130.00. They now have a “buy” rating on the stock.
• 12/11/2024 – Ollie’s Bargain Outlet had its price target raised by analysts at Craig Hallum from $107.00 to $130.00. They now have a “buy” rating on the stock.
• 12/11/2024 – Ollie’s Bargain Outlet had its price target raised by analysts at Truist Financial Co. from $109.00 to $121.00. They now have a “buy” rating on the stock.
• 12/3/2024 – Ollie’s Bargain Outlet was downgraded by analysts at Wells Fargo & Company from an “overweight” rating to an “equal weight” rating. They now have a $95.00 price target on the stock, down previously from $100.00.

Ollie’s Bargain Outlet Price Performance

Ollie’s Bargain Outlet stock opened at $118.86 on Wednesday. Ollie’s Bargain Outlet Holdings, Inc. has a 12-month low of $68.05 and a 12-month high of $120.03. The company has a market capitalization of $7.28 billion, a price-to-earnings ratio of 35.48, a price-to-earnings-growth ratio of 2.79 and a beta of 0.85. The firm’s fifty day moving average price is $99.32 and its 200 day moving average price is $97.02.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings results on Tuesday, December 10th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. Ollie’s Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The firm had revenue of $517.43 million during the quarter, compared to the consensus estimate of $518.83 million. During the same quarter in the prior year, the business posted $0.51 earnings per share. Ollie’s Bargain Outlet’s revenue for the quarter was up 7.8% on a year-over-year basis. Analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Thomas Hendrickson sold 6,250 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $114.74, for a total transaction of $717,125.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP James J. Comitale sold 5,325 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $113.95, for a total transaction of $606,783.75. Following the sale, the senior vice president now owns 3,140 shares of the company’s stock, valued at approximately $357,803. The trade was a 62.91 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 90,172 shares of company stock worth $9,878,158. 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 bought and sold shares of OLLI. Signaturefd LLC grew its stake in Ollie’s Bargain Outlet by 6.4% during the 2nd quarter. Signaturefd LLC now owns 1,727 shares of the company’s stock worth $170,000 after buying an additional 104 shares during the last quarter. Trust Point Inc. lifted its position in Ollie’s Bargain Outlet by 1.0% in the 3rd quarter. Trust Point Inc. now owns 13,184 shares of the company’s stock valued at $1,281,000 after purchasing an additional 134 shares during the last quarter. FORA Capital LLC raised its holdings in shares of Ollie’s Bargain Outlet by 3.2% during the third quarter. FORA Capital LLC now owns 4,800 shares of the company’s stock valued at $467,000 after buying an additional 148 shares during the last quarter. GAMMA Investing LLC grew its holdings in Ollie’s Bargain Outlet by 37.9% in the 3rd quarter. GAMMA Investing LLC now owns 651 shares of the company’s stock worth $63,000 after buying an additional 179 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its stake in Ollie’s Bargain Outlet by 5.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,544 shares of the company’s stock valued at $344,000 after acquiring an additional 188 shares in the last quarter.

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.