Ollie’s Bargain Outlet (NASDAQ:OLLI) Reaches New 1-Year Low – Here’s What Happened

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $73.26 and last traded at $73.42, with a volume of 2124803 shares traded. The stock had previously closed at $76.91.

Analysts Set New Price Targets

A number of brokerages have weighed in on OLLI. Piper Sandler set a $114.00 target price on Ollie’s Bargain Outlet in a report on Wednesday, June 3rd. Loop Capital restated a “buy” rating and set a $135.00 price objective on shares of Ollie’s Bargain Outlet in a research report on Thursday, June 4th. Gordon Haskett reaffirmed an “accumulate” rating and issued a $90.00 price objective (down from $100.00) on shares of Ollie’s Bargain Outlet in a research note on Thursday, June 4th. Bank of America reaffirmed a “buy” rating on shares of Ollie’s Bargain Outlet in a research note on Friday, March 13th. Finally, JPMorgan Chase & Co. decreased their target price on Ollie’s Bargain Outlet from $163.00 to $152.00 and set an “overweight” rating on the stock in a research report on Monday, April 13th. Fourteen investment analysts have rated the stock with a Buy rating and three have issued 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 target price of $125.13.

Ollie’s Bargain Outlet Trading Down 4.5%

The firm has a market capitalization of $4.44 billion, a price-to-earnings ratio of 18.13, a P/E/G ratio of 1.34 and a beta of 0.46. The firm’s 50-day moving average is $83.41 and its 200 day moving average is $99.68.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its earnings results on Wednesday, June 3rd. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.87 by $0.04. The firm had revenue of $658.93 million for the quarter, compared to the consensus estimate of $661.65 million. Ollie’s Bargain Outlet had a return on equity of 13.43% and a net margin of 9.13%.The business’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.75 EPS. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. Analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 4.52 EPS for the current year.

Insider Activity at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, Chairman John W. Swygert sold 3,330 shares of the business’s stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $95.80, for a total value of $319,014.00. Following the transaction, the chairman owned 48,200 shares of the company’s stock, valued at approximately $4,617,560. The trade was a 6.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 12,459 shares of company stock valued at $1,149,218 in the last three months. Corporate insiders own 0.75% of the company’s stock.

Institutional Trading of Ollie’s Bargain Outlet

Several hedge funds have recently made changes to their positions in the company. Peregrine Capital Management LLC boosted its stake 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 during the period. TimesSquare Capital Management LLC grew its position in Ollie’s Bargain Outlet by 42.7% during the fourth quarter. TimesSquare Capital Management LLC now owns 246,235 shares of the company’s stock worth $26,990,000 after buying an additional 73,633 shares in the last quarter. Capital World Investors increased its stake in Ollie’s Bargain Outlet by 76.5% in the 4th quarter. Capital World Investors now owns 695,464 shares of the company’s stock worth $76,230,000 after acquiring an additional 301,332 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Ollie’s Bargain Outlet by 80.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 213,047 shares of the company’s stock valued at $23,352,000 after acquiring an additional 95,011 shares in the last quarter. Finally, Braun Stacey Associates Inc. raised its holdings in shares of 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 valued at $25,606,000 after acquiring an additional 12,377 shares in the last quarter.

About Ollie’s Bargain Outlet

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.