Ollie’s Bargain Outlet (NASDAQ:OLLI) Sets New 1-Year Low – What’s Next?

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $84.29 and last traded at $85.1720, with a volume of 1272686 shares traded. The stock had previously closed at $85.61.

Analysts Set New Price Targets

OLLI has been the subject of a number of recent analyst reports. Royal Bank Of Canada decreased their price target on Ollie’s Bargain Outlet from $155.00 to $153.00 and set an “outperform” rating for the company in a research report on Wednesday, April 29th. Bank of America reaffirmed a “buy” rating on shares of Ollie’s Bargain Outlet in a research note on Friday, March 13th. Jefferies Financial Group upgraded shares of Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and raised their target price for the stock from $120.00 to $130.00 in a report on Thursday, April 2nd. Wells Fargo & Company upgraded shares of Ollie’s Bargain Outlet from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $120.00 to $130.00 in a report on Friday, March 13th. Finally, Weiss Ratings downgraded shares of Ollie’s Bargain Outlet from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, April 22nd. Thirteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ollie’s Bargain Outlet has an average rating of “Moderate Buy” and a consensus price target of $140.50.

Ollie’s Bargain Outlet Stock Performance

The stock has a market capitalization of $5.12 billion, a PE ratio of 21.52, a P/E/G ratio of 1.50 and a beta of 0.48. The firm has a 50 day moving average of $97.74 and a 200-day moving average of $110.05.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its earnings results on Thursday, March 12th. The company reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.01. The company had revenue of $779.26 million for the quarter, compared to analysts’ expectations of $783.72 million. Ollie’s Bargain Outlet had a return on equity of 13.18% and a net margin of 9.08%.The business’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.19 EPS. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.400-4.500 EPS. On average, sell-side analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 4.48 earnings per share for the current year.

Insider Activity

In other news, Chairman John W. Swygert sold 3,330 shares of Ollie’s Bargain Outlet stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of $95.80, for a total transaction of $319,014.00. Following the completion of the sale, the chairman directly owned 48,200 shares in the company, valued at $4,617,560. The trade was a 6.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 13,585 shares of company stock worth $1,275,398. 0.87% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of OLLI. Peregrine Capital Management LLC raised its holdings in Ollie’s Bargain Outlet by 21.2% during the fourth quarter. Peregrine Capital Management LLC now owns 120,733 shares of the company’s stock valued at $13,234,000 after buying an additional 21,138 shares in the last quarter. Pembroke Management LTD increased its holdings in shares of Ollie’s Bargain Outlet by 9.7% during the 3rd quarter. Pembroke Management LTD now owns 101,061 shares of the company’s stock valued at $12,976,000 after acquiring an additional 8,942 shares during the last quarter. New York State Common Retirement Fund increased its holdings in shares of Ollie’s Bargain Outlet by 63.9% during the 3rd quarter. New York State Common Retirement Fund now owns 104,385 shares of the company’s stock valued at $13,403,000 after acquiring an additional 40,705 shares during the last quarter. GSA Capital Partners LLP bought a new position in shares of Ollie’s Bargain Outlet in the 3rd quarter valued at approximately $1,672,000. Finally, Braun Stacey Associates Inc. lifted its holdings in Ollie’s Bargain Outlet by 5.6% in the 4th quarter. Braun Stacey Associates Inc. now owns 233,613 shares of the company’s stock worth $25,606,000 after purchasing an additional 12,377 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.