Ollie’s Bargain Outlet (NASDAQ:OLLI) Reaches New 52-Week Low – Here’s Why

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)’s stock price reached a new 52-week low during trading on Monday . The company traded as low as $97.25 and last traded at $96.4140, with a volume of 321953 shares traded. The stock had previously closed at $98.96.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Wells Fargo & Company upgraded shares of Ollie’s Bargain Outlet from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $120.00 to $130.00 in a research note on Friday, March 13th. Citigroup dropped their price target on shares of Ollie’s Bargain Outlet from $150.00 to $141.00 and set a “buy” rating on the stock in a research note on Thursday, December 11th. Sanford C. Bernstein restated an “outperform” rating on shares of Ollie’s Bargain Outlet in a report on Wednesday, December 10th. Morgan Stanley reduced their price objective on shares of Ollie’s Bargain Outlet from $130.00 to $120.00 and set an “equal weight” rating for the company in a research note on Friday, March 13th. Finally, UBS Group set a $125.00 price objective on shares of Ollie’s Bargain Outlet in a report on Monday, March 16th. Thirteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $141.50.

Ollie’s Bargain Outlet Stock Down 1.3%

The stock has a market cap of $5.69 billion, a P/E ratio of 23.91, a PEG ratio of 1.66 and a beta of 0.53. The business has a 50-day simple moving average of $108.78 and a 200-day simple moving average of $117.53.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings results on Thursday, March 12th. The company reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.01. Ollie’s Bargain Outlet had a net margin of 9.08% and a return on equity of 13.18%. The company had revenue of $779.26 million for the quarter, compared to analyst estimates of $783.72 million. During the same quarter last year, the firm posted $1.19 earnings per share. The company’s quarterly revenue 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. On average, analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

Insider Transactions at Ollie’s Bargain Outlet

In related news, Chairman John W. Swygert sold 1,126 shares of Ollie’s Bargain Outlet stock in a transaction on Monday, February 9th. The shares were sold at an average price of $112.06, for a total value of $126,179.56. Following the transaction, the chairman owned 48,200 shares in the company, valued at $5,401,292. This trade represents a 2.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.87% of the company’s stock.

Institutional Investors Weigh In On Ollie’s Bargain Outlet

Several hedge funds and other institutional investors have recently made changes to their positions in OLLI. Bessemer Group Inc. grew its holdings in shares of Ollie’s Bargain Outlet by 25.0% during the third quarter. Bessemer Group Inc. now owns 430 shares of the company’s stock worth $55,000 after buying an additional 86 shares in the last quarter. MAI Capital Management lifted its stake in Ollie’s Bargain Outlet by 28.5% in the 2nd quarter. MAI Capital Management now owns 397 shares of the company’s stock valued at $52,000 after acquiring an additional 88 shares in the last quarter. Campbell Newman Asset Management Inc. lifted its stake in Ollie’s Bargain Outlet by 0.4% in the 3rd quarter. Campbell Newman Asset Management Inc. now owns 20,850 shares of the company’s stock valued at $2,677,000 after acquiring an additional 90 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in Ollie’s Bargain Outlet by 0.6% during the 2nd quarter. Thrivent Financial for Lutherans now owns 14,458 shares of the company’s stock worth $1,905,000 after acquiring an additional 91 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Ollie’s Bargain Outlet by 49.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 279 shares of the company’s stock worth $31,000 after acquiring an additional 92 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.