Equities Analysts Offer Predictions for OLLI FY2028 Earnings

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) – Equities researchers at Zacks Research issued their FY2028 earnings per share (EPS) estimates for shares of Ollie’s Bargain Outlet in a report issued on Wednesday, April 2nd. Zacks Research analyst S. Singh expects that the company will post earnings per share of $4.80 for the year. The consensus estimate for Ollie’s Bargain Outlet’s current full-year earnings is $3.29 per share.

Several other research firms also recently issued reports on OLLI. Truist Financial boosted their price target on Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. StockNews.com cut shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research report on Tuesday, February 4th. Loop Capital raised their price target on shares of Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Bank of America raised their target price on shares of Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Finally, Citigroup upgraded Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and boosted their price target for the company from $64.00 to $133.00 in a research note on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Ollie’s Bargain Outlet has an average rating of “Moderate Buy” and an average target price of $123.08.

Ollie’s Bargain Outlet Trading Down 3.6 %

Ollie’s Bargain Outlet stock opened at $113.29 on Monday. The company has a market capitalization of $6.94 billion, a price-to-earnings ratio of 33.82, a PEG ratio of 2.21 and a beta of 0.83. Ollie’s Bargain Outlet has a 12 month low of $70.17 and a 12 month high of $120.03. The stock’s 50 day moving average is $106.42 and its 200-day moving average is $102.96.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its earnings results on Wednesday, March 19th. The company reported $1.19 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.01). The company had revenue of $667.10 million for the quarter, compared to the consensus estimate of $674.61 million. Ollie’s Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The business’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.23 EPS.

Institutional Investors Weigh In On Ollie’s Bargain Outlet

Several hedge funds have recently added to or reduced their stakes in OLLI. Corient Private Wealth LLC raised its stake in shares of Ollie’s Bargain Outlet by 86.2% during the fourth quarter. Corient Private Wealth LLC now owns 8,438 shares of the company’s stock valued at $926,000 after acquiring an additional 3,906 shares during the last quarter. Oak Thistle LLC acquired a new stake in Ollie’s Bargain Outlet in the fourth quarter valued at $1,345,000. JPMorgan Chase & Co. raised its position in Ollie’s Bargain Outlet by 79.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 189,301 shares of the company’s stock worth $18,400,000 after purchasing an additional 83,882 shares during the last quarter. Van ECK Associates Corp lifted its holdings in Ollie’s Bargain Outlet by 36.5% during the 4th quarter. Van ECK Associates Corp now owns 46,659 shares of the company’s stock worth $5,120,000 after buying an additional 12,476 shares during the period. Finally, Harbor Capital Advisors Inc. bought a new stake in shares of Ollie’s Bargain Outlet in the 4th quarter valued at about $2,049,000.

Insider Buying and Selling at Ollie’s Bargain Outlet

In other news, CFO Robert F. Helm sold 2,139 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $115.74, for a total value of $247,567.86. Following the completion of the transaction, the chief financial officer now directly owns 2,961 shares in the company, valued at approximately $342,706.14. This represents a 41.94 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP James J. Comitale sold 5,485 shares of the business’s stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $113.53, for a total value of $622,712.05. Following the sale, the senior vice president now owns 4,621 shares in the company, valued at $524,622.13. This represents a 54.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 34,254 shares of company stock worth $3,812,800 over the last 90 days. Insiders own 0.87% of the company’s stock.

About Ollie’s Bargain Outlet

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.