Ollie’s Bargain Outlet (NASDAQ:OLLI) Trading Up 4.6% on Better-Than-Expected Earnings

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLIGet Free Report) shares traded up 4.6% during trading on Thursday following a stronger than expected earnings report. The company traded as high as $112.00 and last traded at $108.11. 724,300 shares changed hands during trading, a decline of 32% from the average session volume of 1,062,294 shares. The stock had previously closed at $103.37.

The company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.38 by $0.01. Ollie’s Bargain Outlet had a return on equity of 12.86% and a net margin of 8.81%.The company had revenue of $779.26 million during the quarter, compared to the consensus estimate of $783.72 million. During the same quarter in the prior year, the firm posted $1.19 EPS. The firm’s revenue for the quarter was up 16.8% compared to the same quarter last year. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.400-4.500 EPS.

Key Ollie’s Bargain Outlet News

Here are the key news stories impacting Ollie’s Bargain Outlet this week:

Analysts Set New Price Targets

Several research analysts have recently weighed in on OLLI shares. Piper Sandler restated an “overweight” rating on shares of Ollie’s Bargain Outlet in a research note on Wednesday, December 10th. Royal Bank Of Canada set a $140.00 price target on Ollie’s Bargain Outlet in a research report on Wednesday, December 10th. Craig Hallum restated a “buy” rating and issued a $157.00 price objective on shares of Ollie’s Bargain Outlet in a research note on Wednesday, December 10th. Morgan Stanley reduced their target price on Ollie’s Bargain Outlet from $145.00 to $130.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 10th. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of Ollie’s Bargain Outlet in a research note on Wednesday, December 10th. Twelve investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Ollie’s Bargain Outlet presently has a consensus rating of “Moderate Buy” and an average target price of $142.14.

Get Our Latest Analysis on Ollie’s Bargain Outlet

Insiders Place Their Bets

In other news, Chairman John W. Swygert sold 1,126 shares of Ollie’s Bargain Outlet stock in a transaction on Monday, February 9th. The stock was sold at an average price of $112.06, for a total transaction of $126,179.56. Following the completion of the sale, the chairman owned 48,200 shares of the company’s stock, valued at approximately $5,401,292. This trade represents a 2.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.75% of the stock is 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. grew its position in shares of Ollie’s Bargain Outlet by 315.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,707,117 shares of the company’s stock worth $187,117,000 after purchasing an additional 1,296,672 shares in the last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of Ollie’s Bargain Outlet in the third quarter valued at approximately $136,152,000. Invesco Ltd. boosted its stake in shares of Ollie’s Bargain Outlet by 55.5% in the second quarter. Invesco Ltd. now owns 2,552,605 shares of the company’s stock valued at $336,382,000 after buying an additional 911,364 shares during the period. Norges Bank bought a new stake in shares of Ollie’s Bargain Outlet in the fourth quarter valued at approximately $85,845,000. Finally, Hood River Capital Management LLC grew its position in Ollie’s Bargain Outlet by 165.4% during the second quarter. Hood River Capital Management LLC now owns 1,240,339 shares of the company’s stock worth $163,452,000 after buying an additional 773,013 shares in the last quarter.

Ollie’s Bargain Outlet Trading Up 4.9%

The stock has a market cap of $6.65 billion, a P/E ratio of 29.87, a price-to-earnings-growth ratio of 1.63 and a beta of 0.53. The stock has a 50 day simple moving average of $111.20 and a 200 day simple moving average of $119.40.

About Ollie’s Bargain Outlet

(Get Free Report)

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.

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