Citigroup Issues Pessimistic Forecast for Ollie’s Bargain Outlet (NASDAQ:OLLI) Stock Price

by · The Cerbat Gem

Ollie’s Bargain Outlet (NASDAQ:OLLI – Get Free Report) had its price target reduced by investment analysts at Citigroup from $150.00 to $141.00 in a report released on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Citigroup’s price target would indicate a potential upside of 21.37% from the company’s current price.

A number of other analysts have also issued reports on OLLI. Wells Fargo & Company dropped their target price on Ollie’s Bargain Outlet from $130.00 to $125.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Sanford C. Bernstein restated an “outperform” rating on shares of Ollie’s Bargain Outlet in a research note on Wednesday. Morgan Stanley dropped their price objective on Ollie’s Bargain Outlet from $145.00 to $130.00 and set an “equal weight” rating on the stock in a report on Wednesday. Weiss Ratings reiterated a “buy (b)” rating on shares of Ollie’s Bargain Outlet in a research note on Wednesday, October 8th. Finally, UBS Group decreased their price target on shares of Ollie’s Bargain Outlet from $141.00 to $130.00 and set a “neutral” rating for the company in a research report on Wednesday. Eleven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $142.57.

Get Our Latest Analysis on Ollie’s Bargain Outlet

Ollie’s Bargain Outlet Price Performance

NASDAQ OLLI traded up $3.71 on Thursday, reaching $116.17. The company had a trading volume of 1,476,732 shares, compared to its average volume of 1,146,077. The firm has a market capitalization of $7.12 billion, a PE ratio of 32.09, a P/E/G ratio of 2.33 and a beta of 0.44. The firm has a 50-day moving average of $123.27 and a 200-day moving average of $126.87. Ollie’s Bargain Outlet has a 1 year low of $94.88 and a 1 year high of $141.74.

Ollie’s Bargain Outlet (NASDAQ:OLLI – Get Free Report) last released its quarterly earnings results on Tuesday, December 9th. The company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.04. Ollie’s Bargain Outlet had a net margin of 8.81% and a return on equity of 12.86%. The business had revenue of $613.62 million during the quarter, compared to analyst estimates of $613.63 million. During the same period last year, the business earned $0.58 EPS. The business’s revenue was up 18.6% on a year-over-year basis. Ollie’s Bargain Outlet has set its FY 2025 guidance at 3.810-3.870 EPS. As a group, sell-side analysts expect that Ollie’s Bargain Outlet will post 3.29 EPS for the current fiscal year.

Insiders Place Their Bets

In other Ollie’s Bargain Outlet news, Chairman John W. Swygert sold 107,058 shares of Ollie’s Bargain Outlet stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $132.87, for a total value of $14,224,796.46. Following the completion of the transaction, the chairman owned 48,200 shares of the company’s stock, valued at $6,404,334. The trade was a 68.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Robert F. Helm sold 367 shares of the stock in a transaction on Thursday, October 23rd. The stock was sold at an average price of $120.08, for a total transaction of $44,069.36. Following the sale, the chief financial officer directly owned 3,641 shares in the company, valued at $437,211.28. This trade represents a 9.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 126,773 shares of company stock worth $16,782,449. Corporate insiders own 0.75% of the company’s stock.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

Large investors have recently bought and sold shares of the business. Balyasny Asset Management L.P. bought a new position in shares of Ollie’s Bargain Outlet during the third quarter valued at approximately $136,152,000. Invesco Ltd. boosted its position in Ollie’s Bargain Outlet by 55.5% during the 2nd quarter. Invesco Ltd. now owns 2,552,605 shares of the company’s stock valued at $336,382,000 after purchasing an additional 911,364 shares during the period. Hood River Capital Management LLC grew its stake in Ollie’s Bargain Outlet by 165.4% during the 2nd quarter. Hood River Capital Management LLC now owns 1,240,339 shares of the company’s stock worth $163,452,000 after buying an additional 773,013 shares during the last quarter. Norges Bank bought a new position in Ollie’s Bargain Outlet during the 2nd quarter worth $83,622,000. Finally, Wellington Management Group LLP increased its position in Ollie’s Bargain Outlet by 268.0% in the first quarter. Wellington Management Group LLP now owns 844,799 shares of the company’s stock worth $98,301,000 after buying an additional 615,257 shares during the period.

Ollie’s Bargain Outlet Company Profile

(Get Free Report)

Ollie’s Bargain Outlet Holdings, Inc is a holding company, which engages in the retail of closeouts, excess inventory, and salvage merchandise. It offers overstocks, package changes, manufacturer refurbished goods, and irregulars. The company’s products include housewares, food, books and stationery, bed and bath, floor coverings, electronics and toys.

Featured Articles