JPMorgan Chase & Co. Cuts Ollie’s Bargain Outlet (NASDAQ:OLLI) Price Target to $152.00

Ollie’s Bargain Outlet (NASDAQ:OLLI) had its price objective decreased by JPMorgan Chase & Co. from $163.00 to $152.00 in a report published on Monday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Several other brokerages also recently weighed in on OLLI. Loop Capital raised Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and raised their price target for the stock from $130.00 to $135.00 in a report on Monday, December 22nd. Bank of America reissued a “buy” rating on shares of Ollie’s Bargain Outlet in a report on Friday, March 13th. Truist Financial set a $135.00 price target on Ollie’s Bargain Outlet in a report on Friday, March 13th. Wells Fargo & Company raised Ollie’s Bargain Outlet from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $120.00 to $130.00 in a report on Friday, March 13th. Finally, 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. Thirteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $140.64.

Ollie’s Bargain Outlet Stock Performance

Shares of NASDAQ OLLI opened at $95.23 on Monday. The company has a market cap of $5.81 billion, a PE ratio of 24.42, a P/E/G ratio of 1.65 and a beta of 0.59. The business has a 50-day simple moving average of $102.57 and a two-hundred day simple moving average of $113.11. Ollie’s Bargain Outlet has a fifty-two week low of $88.44 and a fifty-two week high of $141.74.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings results on Thursday, March 12th. The company reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.01. The business had revenue of $779.26 million during the quarter, compared to the consensus estimate of $783.72 million. Ollie’s Bargain Outlet had a return on equity of 13.18% and a net margin of 9.08%.The company’s quarterly revenue was up 16.8% on a year-over-year basis. During the same quarter last year, the company earned $1.19 earnings per share. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.400-4.500 EPS. On average, sell-side analysts predict that Ollie’s Bargain Outlet will post 3.29 earnings per share for the current fiscal year.

Insider Transactions at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, Chairman John W. Swygert sold 5,231 shares of the business’s stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $92.09, for a total value of $481,722.79. Following the completion of the transaction, the chairman directly owned 48,200 shares of the company’s stock, valued at approximately $4,438,738. The trade was a 9.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 13,585 shares of company stock valued at $1,275,398 over the last three months. Insiders own 0.75% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Bessemer Group Inc. increased its position in shares of Ollie’s Bargain Outlet by 25.0% in the third quarter. Bessemer Group Inc. now owns 430 shares of the company’s stock valued at $55,000 after buying an additional 86 shares in the last quarter. Campbell Newman Asset Management Inc. increased its position in shares of Ollie’s Bargain Outlet by 0.4% in the third quarter. Campbell Newman Asset Management Inc. now owns 20,850 shares of the company’s stock valued at $2,677,000 after buying an additional 90 shares in the last quarter. Thrivent Financial for Lutherans increased its position in shares of Ollie’s Bargain Outlet by 0.6% in the second quarter. Thrivent Financial for Lutherans now owns 14,458 shares of the company’s stock valued at $1,905,000 after buying an additional 91 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Ollie’s Bargain Outlet by 49.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 279 shares of the company’s stock valued at $31,000 after buying an additional 92 shares in the last quarter. Finally, Huntington National Bank increased its position in shares of Ollie’s Bargain Outlet by 9.0% in the third quarter. Huntington National Bank now owns 1,145 shares of the company’s stock valued at $147,000 after buying an additional 95 shares in the last quarter.

Ollie’s Bargain Outlet Company Profile

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.