Ollie’s Bargain Outlet Sees Unusually High Options Volume (NASDAQ:OLLI)

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) saw some unusual options trading activity on Monday. Traders bought 7,187 call options on the company. This represents an increase of 457% compared to the average volume of 1,291 call options.

Ollie’s Bargain Outlet Stock Performance

OLLI stock opened at $89.73 on Wednesday. The stock has a market capitalization of $5.33 billion, a PE ratio of 19.87, a price-to-earnings-growth ratio of 1.43 and a beta of 0.41. The company has a fifty day moving average of $79.06 and a 200-day moving average of $79.50. Ollie’s Bargain Outlet has a one year low of $60.29 and a one year high of $133.28.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings results on Wednesday, September 2nd. The company reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.30. The business had revenue of $741.31 million for the quarter, compared to analyst estimates of $747.71 million. Ollie’s Bargain Outlet had a net margin of 9.79% and a return on equity of 14.54%. The business’s revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.99 earnings per share. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.570-4.650 EPS. Equities analysts forecast that Ollie’s Bargain Outlet will post 4.61 earnings per share for the current fiscal year.

Institutional Trading of Ollie’s Bargain Outlet

Institutional investors have recently modified their holdings of the business. Farther Finance Advisors LLC grew its stake in shares of Ollie’s Bargain Outlet by 26.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 622 shares of the company’s stock valued at $53,000 after buying an additional 131 shares in the last quarter. GAMMA Investing LLC increased its holdings in Ollie’s Bargain Outlet by 13.2% in the second quarter. GAMMA Investing LLC now owns 1,632 shares of the company’s stock worth $125,000 after buying an additional 190 shares during the last quarter. Pullen Investment Management LLC raised its position in Ollie’s Bargain Outlet by 1.8% during the first quarter. Pullen Investment Management LLC now owns 14,434 shares of the company’s stock valued at $1,329,000 after acquiring an additional 251 shares in the last quarter. CENTRAL TRUST Co raised 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 valued at $44,000 after acquiring an additional 271 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in Ollie’s Bargain Outlet by 7.5% during the first quarter. PNC Financial Services Group Inc. now owns 4,209 shares of the company’s stock valued at $387,000 after acquiring an additional 295 shares in the last quarter.

Ollie’s Bargain Outlet News Roundup

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

• Positive Sentiment: New $500 million buyback authorization: Ollie’s board approved an additional $500 million for share repurchases, increasing the company’s ability to reduce its share count and potentially support earnings per share. The announcement was the primary catalyst behind the stock’s gains. Ollie’s Bargain Outlet Holdings Announces $500 Million Share Repurchase Authorization
• Positive Sentiment: Analyst upgrade and higher price target: Gordon Haskett raised Ollie’s rating from “accumulate” to “buy” and set a $105 price target, implying meaningful upside from the stock’s recent trading level. Gordon Haskett Upgrades Ollie’s Bargain Outlet Holdings
• Positive Sentiment: Improving operating outlook: RBC said comparable-sales trends are stabilizing and the retailer’s longer-term outlook is improving, suggesting recent pressure on store productivity may be easing. Ollie’s Comparable-Sales Trends Stabilize
• Neutral Sentiment: Store expansion continues: Ollie’s plans to open new locations in Newark, New York, and Mattoon, Illinois, on October 21. The openings support the company’s growth strategy, although their near-term financial impact is likely limited. Ollie’s Announces Grand Opening for New Newark Store
• Neutral Sentiment: Unusual options activity: Traders purchased 7,187 call options, roughly 457% above typical volume. This indicates bullish speculative interest but does not guarantee further gains or reflect fundamental changes in the business.

Analyst Upgrades and Downgrades

OLLI has been the topic of several recent research reports. Piper Sandler restated an “overweight” rating on shares of Ollie’s Bargain Outlet in a research report on Monday. The Goldman Sachs Group decreased their price objective on Ollie’s Bargain Outlet from $112.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday, September 3rd. Truist Financial lifted their target price on Ollie’s Bargain Outlet from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, September 3rd. Citigroup lowered their target price on Ollie’s Bargain Outlet from $100.00 to $98.00 and set a “buy” rating on the stock in a research note on Friday, September 4th. Finally, Morgan Stanley dropped their target price on Ollie’s Bargain Outlet from $108.00 to $98.00 and set an “equal weight” rating on the stock in a report on Thursday, September 3rd. Thirteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $103.50.

About Ollie’s Bargain Outlet

Ollie’s Bargain Outlet Holdings, Inc operates Ollie’s Bargain Outlet, a U.S. retailer specializing in closeout, excess, and salvage merchandise. Its stores offer a constantly changing selection of brand-name products at discounted prices, with inventory varying based on availability and opportunistic purchasing.

The company’s merchandise generally includes housewares, food, hardware, toys, seasonal goods, books, flooring, apparel, and other consumer products. Ollie’s uses a treasure-hunt-style shopping experience, with stores organized to emphasize value and frequently changing assortments.

Founded in 1982 in Mechanicsburg, Pennsylvania, Ollie’s has expanded into a national retail chain serving customers across numerous U.S.