Ollie’s Bargain Outlet (NASDAQ:OLLI) Sees Unusually-High Trading Volume – Still a Buy?

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) shares saw strong trading volume on Wednesday . Approximately 877,359 shares changed hands during mid-day trading, a decline of 44% from the previous session’s volume of 1,564,937 shares.The stock last traded at $64.25 and had previously closed at $68.03.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Loop Capital reissued a “buy” rating and issued a $135.00 price target on shares of Ollie’s Bargain Outlet in a research note on Thursday, June 4th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $70.00 price objective (down from $152.00) on shares of Ollie’s Bargain Outlet in a research report on Wednesday. Royal Bank Of Canada decreased their price objective on Ollie’s Bargain Outlet from $153.00 to $152.00 and set an “outperform” rating for the company in a report on Wednesday, May 27th. Piper Sandler set a $114.00 target price on Ollie’s Bargain Outlet in a research report on Wednesday, June 3rd. Finally, Morgan Stanley reduced their price target on Ollie’s Bargain Outlet from $120.00 to $108.00 and set an “equal weight” rating for the company in a research report on Thursday, June 4th. Thirteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $115.93.

Ollie’s Bargain Outlet Stock Up 3.0%

The firm has a fifty day moving average of $77.75 and a 200-day moving average of $95.44. The firm has a market cap of $3.85 billion, a P/E ratio of 15.73, a price-to-earnings-growth ratio of 1.08 and a beta of 0.47.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data on Wednesday, June 3rd. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. The company had revenue of $658.93 million for the quarter, compared to analysts’ expectations of $661.65 million. Ollie’s Bargain Outlet had a return on equity of 13.43% and a net margin of 9.13%.The business’s revenue was up 14.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.75 EPS. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. On average, equities analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 4.52 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of OLLI. Cornerstone Planning Group LLC raised its holdings in shares of Ollie’s Bargain Outlet by 218.8% in the 4th quarter. Cornerstone Planning Group LLC now owns 255 shares of the company’s stock valued at $27,000 after purchasing an additional 175 shares during the period. Allworth Financial LP lifted its stake in Ollie’s Bargain Outlet by 301.8% in the 3rd quarter. Allworth Financial LP now owns 221 shares of the company’s stock valued at $28,000 after purchasing an additional 166 shares during the last quarter. Maseco LLP bought a new position in Ollie’s Bargain Outlet during the fourth quarter worth about $30,000. Northwestern Mutual Wealth Management Co. grew its holdings in Ollie’s Bargain Outlet by 49.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 279 shares of the company’s stock worth $31,000 after purchasing an additional 92 shares during the period. Finally, CENTRAL TRUST Co increased its position in Ollie’s Bargain Outlet by 131.6% during the first quarter. CENTRAL TRUST Co now owns 477 shares of the company’s stock worth $44,000 after buying an additional 271 shares during 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.