Ollie’s Bargain Outlet (NASDAQ:OLLI) Releases Earnings Results, Hits Estimates

Ollie’s Bargain Outlet (NASDAQ:OLLI) announced its quarterly earnings results on Thursday. The company reported $0.78 EPS for the quarter, hitting the consensus estimate of $0.78, Briefing.com reports. The firm had revenue of $578.38 million for the quarter, compared to analyst estimates of $561.60 million. Ollie’s Bargain Outlet had a net margin of 9.14% and a return on equity of 13.22%. Ollie’s Bargain Outlet’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same period last year, the business earned $0.67 EPS. Ollie’s Bargain Outlet updated its FY25 guidance to $3.22-3.30 EPS and its FY 2024 guidance to 3.220-3.300 EPS.

Ollie’s Bargain Outlet Stock Down 7.6 %

Ollie’s Bargain Outlet stock opened at $86.90 on Friday. The firm’s 50-day simple moving average is $96.90 and its 200 day simple moving average is $84.48. Ollie’s Bargain Outlet has a 52 week low of $68.05 and a 52 week high of $104.98. The firm has a market capitalization of $5.32 billion, a PE ratio of 27.41, a P/E/G ratio of 2.60 and a beta of 0.90.

Insiders Place Their Bets

In other news, SVP Kevin Mclain sold 11,340 shares of the stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $85.75, for a total value of $972,405.00. Following the sale, the senior vice president now directly owns 10,610 shares in the company, valued at $909,807.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP James J. Comitale sold 2,153 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $104.17, for a total transaction of $224,278.01. Following the sale, the senior vice president now owns 2,732 shares in the company, valued at $284,592.44. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Kevin Mclain sold 11,340 shares of the firm’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $85.75, for a total value of $972,405.00. Following the sale, the senior vice president now owns 10,610 shares in the company, valued at approximately $909,807.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 34,367 shares of company stock worth $3,061,165. Insiders own 0.87% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Bank of America raised their target price on shares of Ollie’s Bargain Outlet from $92.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. Craig Hallum upped their target price on shares of Ollie’s Bargain Outlet from $100.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, June 6th. Piper Sandler raised their price target on Ollie’s Bargain Outlet from $100.00 to $107.00 and gave the stock an “overweight” rating in a report on Tuesday, June 25th. Truist Financial upped their price objective on Ollie’s Bargain Outlet from $102.00 to $109.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Finally, UBS Group upped their price target on Ollie’s Bargain Outlet from $95.00 to $97.00 and gave the stock a “neutral” rating in a research note on Thursday, June 6th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Ollie’s Bargain Outlet currently has an average rating of “Moderate Buy” and a consensus target price of $102.46.

Ollie’s Bargain Outlet Company Profile

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.