Ollie’s Bargain Outlet (NASDAQ:OLLI) Announces Quarterly Earnings Results

Ollie’s Bargain Outlet (NASDAQ:OLLI) issued its quarterly earnings results on Tuesday. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.70 by $0.05, Zacks reports. Ollie’s Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. The firm had revenue of $576.77 million for the quarter, compared to analysts’ expectations of $565.04 million. During the same period in the previous year, the business earned $0.73 earnings per share. Ollie’s Bargain Outlet’s revenue for the quarter was up 13.4% compared to the same quarter last year. Ollie’s Bargain Outlet updated its FY 2025 guidance to 3.650-3.750 EPS.

Ollie’s Bargain Outlet Trading Up 4.1%

NASDAQ OLLI opened at $114.41 on Thursday. The stock’s 50-day moving average price is $111.59 and its two-hundred day moving average price is $107.79. The company has a market cap of $7.03 billion, a PE ratio of 34.15, a PEG ratio of 2.21 and a beta of 0.45. Ollie’s Bargain Outlet has a 1 year low of $82.84 and a 1 year high of $122.15.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on OLLI shares. Wall Street Zen upgraded shares of Ollie’s Bargain Outlet from a “sell” rating to a “hold” rating in a research report on Tuesday, May 13th. JPMorgan Chase & Co. boosted their price target on shares of Ollie’s Bargain Outlet from $135.00 to $137.00 and gave the stock an “overweight” rating in a research report on Monday, May 19th. KeyCorp reiterated an “overweight” rating and issued a $135.00 price target on shares of Ollie’s Bargain Outlet in a research report on Wednesday. Royal Bank of Canada reiterated an “outperform” rating and issued a $133.00 price target on shares of Ollie’s Bargain Outlet in a research report on Wednesday. Finally, UBS Group boosted their price target on shares of Ollie’s Bargain Outlet from $117.00 to $123.00 and gave the stock a “neutral” rating in a research report on Thursday, March 20th. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $124.50.

Insiders Place Their Bets

In other news, CFO Robert F. Helm sold 2,145 shares of the company’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $108.50, for a total value of $232,732.50. Following the transaction, the chief financial officer now owns 3,888 shares in the company, valued at $421,848. This represents a 35.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman John W. Swygert sold 6,526 shares of the company’s stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $107.87, for a total value of $703,959.62. Following the completion of the transaction, the chairman now owns 53,432 shares in the company, valued at $5,763,709.84. This represents a 10.88% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 37,897 shares of company stock worth $4,227,970. Company insiders own 0.75% of the company’s stock.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

A number of large investors have recently made changes to their positions in OLLI. Integrated Wealth Concepts LLC increased its holdings in shares of Ollie’s Bargain Outlet by 28.0% in the 1st quarter. Integrated Wealth Concepts LLC now owns 2,815 shares of the company’s stock valued at $328,000 after purchasing an additional 615 shares during the period. Jones Financial Companies Lllp increased its holdings in shares of Ollie’s Bargain Outlet by 993.4% in the 1st quarter. Jones Financial Companies Lllp now owns 2,154 shares of the company’s stock valued at $251,000 after purchasing an additional 1,957 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Ollie’s Bargain Outlet by 42.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 446,277 shares of the company’s stock valued at $51,929,000 after purchasing an additional 133,537 shares during the period. Empowered Funds LLC acquired a new position in shares of Ollie’s Bargain Outlet in the 1st quarter valued at about $359,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Ollie’s Bargain Outlet by 12.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 183,412 shares of the company’s stock valued at $21,342,000 after purchasing an additional 19,837 shares during the period.

Ollie’s Bargain Outlet Company Profile

Ollie’s Bargain Outlet Holdings, Inc is a holding company, which engages in the retail of closeouts, excess inventory, and salvage merchandise. It offers overstocks, package changes, manufacturer refurbished goods, and irregulars. The company’s products include housewares, food, books and stationery, bed and bath, floor coverings, electronics and toys.