Ollie’s Bargain Outlet (NASDAQ:OLLI) Issues Quarterly Earnings Results

Ollie’s Bargain Outlet (NASDAQ:OLLI) released its earnings results on Wednesday. The company reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.20 by ($0.01), Zacks reports. Ollie’s Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The business had revenue of $667.10 million for the quarter, compared to the consensus estimate of $674.61 million. During the same quarter in the previous year, the company earned $1.23 earnings per share. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. Ollie’s Bargain Outlet updated its FY 2025 guidance to 3.650-3.750 EPS and its FY26 guidance to $3.65-$3.75 EPS.

Ollie’s Bargain Outlet Trading Down 4.1 %

Ollie’s Bargain Outlet stock opened at $99.06 on Wednesday. Ollie’s Bargain Outlet has a 12 month low of $68.05 and a 12 month high of $120.03. The business’s 50 day simple moving average is $105.06 and its 200 day simple moving average is $101.33. The company has a market cap of $6.07 billion, a price-to-earnings ratio of 29.57, a PEG ratio of 2.21 and a beta of 0.83.

Analysts Set New Price Targets

Several research firms have weighed in on OLLI. Craig Hallum upped their target price on Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Bank of America increased their price objective on Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Royal Bank of Canada increased their price objective on Ollie’s Bargain Outlet from $130.00 to $133.00 and gave the company an “outperform” rating in a report on Friday, March 7th. JPMorgan Chase & Co. increased their price target on Ollie’s Bargain Outlet from $105.00 to $135.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Finally, Citigroup raised Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and boosted their target price for the company from $64.00 to $133.00 in a research report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $118.29.

Ollie’s Bargain Outlet Company Profile

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.