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

Ollie’s Bargain Outlet (NASDAQ:OLLI) issued its quarterly earnings data on Tuesday. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.04, FiscalAI reports. The company had revenue of $613.62 million for the quarter, compared to analyst estimates of $613.63 million. Ollie’s Bargain Outlet had a net margin of 8.74% and a return on equity of 12.66%. The company’s revenue was up 18.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.58 earnings per share. Ollie’s Bargain Outlet updated its FY 2025 guidance to 3.810-3.870 EPS.

Ollie’s Bargain Outlet Price Performance

Shares of NASDAQ OLLI opened at $114.07 on Wednesday. The company has a 50 day simple moving average of $123.57 and a 200 day simple moving average of $126.97. Ollie’s Bargain Outlet has a 1 year low of $94.88 and a 1 year high of $141.74. The firm has a market cap of $6.99 billion, a PE ratio of 33.06, a price-to-earnings-growth ratio of 2.42 and a beta of 0.44.

Insider Transactions at Ollie’s Bargain Outlet

In other news, SVP Larry Kraus sold 8,921 shares of the firm’s stock in a transaction on Monday, October 13th. The shares were sold at an average price of $130.31, for a total transaction of $1,162,495.51. Following the completion of the transaction, the senior vice president owned 3,679 shares of the company’s stock, valued at approximately $479,410.49. This trade represents a 70.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman John W. Swygert sold 107,058 shares of the business’s stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $132.87, for a total transaction of $14,224,796.46. Following the completion of the sale, the chairman directly owned 48,200 shares in the company, valued at approximately $6,404,334. This represents a 68.95% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 126,773 shares of company stock worth $16,782,449. 0.87% of the stock is currently owned by insiders.

Institutional Trading of Ollie’s Bargain Outlet

Several institutional investors have recently added to or reduced their stakes in the stock. Wasatch Advisors LP increased its position in Ollie’s Bargain Outlet by 1.2% during the 2nd quarter. Wasatch Advisors LP now owns 4,062,147 shares of the company’s stock valued at $535,310,000 after purchasing an additional 49,603 shares during the period. Invesco Ltd. raised its stake in Ollie’s Bargain Outlet by 17.2% during the third quarter. Invesco Ltd. now owns 2,992,848 shares of the company’s stock worth $384,282,000 after buying an additional 440,243 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in Ollie’s Bargain Outlet by 15.2% in the third quarter. Ameriprise Financial Inc. now owns 1,095,419 shares of the company’s stock valued at $140,654,000 after buying an additional 144,649 shares during the period. Balyasny Asset Management L.P. bought a new stake in Ollie’s Bargain Outlet during the third quarter valued at $136,152,000. Finally, Goldman Sachs Group Inc. grew its holdings in Ollie’s Bargain Outlet by 42.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 446,277 shares of the company’s stock worth $51,929,000 after acquiring an additional 133,537 shares during the period.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Truist Financial boosted their price objective on shares of Ollie’s Bargain Outlet from $146.00 to $148.00 and gave the company a “buy” rating in a report on Thursday, August 28th. Morgan Stanley raised their target price on shares of Ollie’s Bargain Outlet from $118.00 to $145.00 and gave the company an “equal weight” rating in a report on Friday, August 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ollie’s Bargain Outlet in a report on Wednesday, October 8th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Ollie’s Bargain Outlet in a report on Wednesday. Finally, Craig Hallum set a $156.00 price target on Ollie’s Bargain Outlet in a report on Friday, August 29th. Eleven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Ollie’s Bargain Outlet presently has an average rating of “Moderate Buy” and a consensus target price of $145.38.

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.