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

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

Ollie’s Bargain Outlet Stock Up 4.1%

Shares of OLLI opened at $114.41 on Thursday. Ollie’s Bargain Outlet has a 52 week low of $82.84 and a 52 week high of $122.15. The company has a market capitalization of $7.03 billion, a price-to-earnings ratio of 34.15, a PEG ratio of 2.21 and a beta of 0.45. The stock’s 50-day moving average price is $111.59 and its 200-day moving average price is $107.79.

Insider Transactions at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, Director Robert Fisch sold 6,250 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $108.08, for a total transaction of $675,500.00. Following the transaction, the director now owns 22,159 shares in the company, valued at approximately $2,394,944.72. This represents a 22.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Robert F. Helm sold 312 shares of the stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $107.17, for a total value of $33,437.04. Following the transaction, the chief financial officer now owns 3,273 shares in the company, valued at $350,767.41. This represents a 8.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 37,897 shares of company stock worth $4,227,970 over the last quarter. 0.75% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

A number of hedge funds have recently bought and sold shares of the business. Goldman Sachs Group Inc. boosted its position in Ollie’s Bargain Outlet by 42.7% during the first quarter. Goldman Sachs Group Inc. now owns 446,277 shares of the company’s stock worth $51,929,000 after purchasing an additional 133,537 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Ollie’s Bargain Outlet by 12.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 183,412 shares of the company’s stock worth $21,342,000 after purchasing an additional 19,837 shares in the last quarter. Empowered Funds LLC purchased a new position in Ollie’s Bargain Outlet during the first quarter worth approximately $359,000. Integrated Wealth Concepts LLC boosted its position in Ollie’s Bargain Outlet by 28.0% during the first quarter. Integrated Wealth Concepts LLC now owns 2,815 shares of the company’s stock worth $328,000 after purchasing an additional 615 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its position in Ollie’s Bargain Outlet by 993.4% during the first quarter. Jones Financial Companies Lllp now owns 2,154 shares of the company’s stock worth $251,000 after purchasing an additional 1,957 shares in the last quarter.

Analyst Ratings Changes

Several brokerages have recently commented on OLLI. Wall Street Zen upgraded Ollie’s Bargain Outlet from a “sell” rating to a “hold” rating in a research report on Tuesday, May 13th. KeyCorp reaffirmed an “overweight” rating and set a $135.00 price objective on shares of Ollie’s Bargain Outlet in a research note on Wednesday. Truist Financial upped their target price on Ollie’s Bargain Outlet from $126.00 to $128.00 and gave the company a “buy” rating in a research note on Wednesday. JPMorgan Chase & Co. lifted their price objective on shares of Ollie’s Bargain Outlet from $135.00 to $137.00 and gave the company an “overweight” rating in a report on Monday, May 19th. Finally, UBS Group lifted their price objective on Ollie’s Bargain Outlet from $117.00 to $123.00 and gave the company a “neutral” rating in a report on Thursday, March 20th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $124.50.

About Ollie’s Bargain Outlet

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.