Ollie’s Bargain Outlet (NASDAQ:OLLI) Issues Earnings Results, Beats Estimates By $0.07 EPS

Ollie’s Bargain Outlet (NASDAQ:OLLIGet Free Report) posted its quarterly earnings results on Wednesday. The company reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.07, Briefing.com reports. The firm had revenue of $648.90 million during the quarter, compared to the consensus estimate of $649.39 million. Ollie’s Bargain Outlet had a return on equity of 12.55% and a net margin of 8.63%. The business’s revenue was up 18.0% compared to the same quarter last year. During the same period last year, the company earned $0.84 earnings per share. Ollie’s Bargain Outlet updated its FY25 guidance to $3.10-$3.20 EPS and its FY 2024 guidance to 3.100-3.200 EPS.

Ollie’s Bargain Outlet Trading Up 4.4 %

OLLI opened at $79.63 on Friday. The company’s fifty day moving average price is $75.91 and its two-hundred day moving average price is $75.43. The company has a market cap of $4.90 billion, a price-to-earnings ratio of 27.27 and a beta of 0.76. Ollie’s Bargain Outlet has a 1-year low of $52.93 and a 1-year high of $84.38.

Analysts Set New Price Targets

A number of research firms recently weighed in on OLLI. Craig Hallum boosted their target price on Ollie’s Bargain Outlet from $98.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday. Truist Financial raised their target price on shares of Ollie’s Bargain Outlet from $78.00 to $80.00 and gave the stock a “hold” rating in a report on Thursday. TheStreet downgraded Ollie’s Bargain Outlet from a “b” rating to a “c+” rating in a research note on Thursday, December 14th. Royal Bank of Canada restated an “outperform” rating and set a $86.00 target price on shares of Ollie’s Bargain Outlet in a research note on Thursday. Finally, JPMorgan Chase & Co. dropped their target price on shares of Ollie’s Bargain Outlet from $88.00 to $85.00 and set a “neutral” rating for the company in a report on Thursday. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Ollie’s Bargain Outlet presently has a consensus rating of “Hold” and a consensus target price of $84.08.

Get Our Latest Stock Report on Ollie’s Bargain Outlet

Insider Transactions at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, CEO John W. Swygert sold 2,342 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $75.23, for a total transaction of $176,188.66. Following the transaction, the chief executive officer now owns 48,200 shares of the company’s stock, valued at approximately $3,626,086. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO John W. Swygert sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $82.57, for a total value of $412,850.00. Following the sale, the chief executive officer now owns 48,200 shares of the company’s stock, valued at $3,979,874. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO John W. Swygert sold 2,342 shares of the stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $75.23, for a total value of $176,188.66. Following the sale, the chief executive officer now owns 48,200 shares in the company, valued at approximately $3,626,086. The disclosure for this sale can be found here. Company insiders own 0.86% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Creative Planning bought a new stake in shares of Ollie’s Bargain Outlet during the 3rd quarter valued at about $46,000. KBC Group NV purchased a new stake in Ollie’s Bargain Outlet in the fourth quarter worth about $70,000. Captrust Financial Advisors boosted its holdings in shares of Ollie’s Bargain Outlet by 81.1% during the 2nd quarter. Captrust Financial Advisors now owns 1,411 shares of the company’s stock valued at $83,000 after buying an additional 632 shares in the last quarter. Lazard Asset Management LLC bought a new stake in shares of Ollie’s Bargain Outlet in the 2nd quarter worth approximately $167,000. Finally, State of Wyoming grew its position in Ollie’s Bargain Outlet by 371.7% during the 2nd quarter. State of Wyoming now owns 2,972 shares of the company’s stock valued at $172,000 after purchasing an additional 2,342 shares during the last quarter.

About Ollie’s Bargain Outlet

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Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise in the United States. The company offers housewares, bed and bath, food, floor coverings, health and beauty aids, books and stationery, toys, and electronics; and other products, including hardware, candy, clothing, sporting goods, pet and lawn, and garden products.

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Earnings History for Ollie's Bargain Outlet (NASDAQ:OLLI)

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