Ollie's Bargain Outlet (NASDAQ:OLLI) Issues FY25 Earnings Guidance

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) issued an update on its FY25 earnings guidance on Tuesday morning. The company provided EPS guidance of $3.22-3.30 for the period, compared to the consensus EPS estimate of $3.27. The company issued revenue guidance of $2.27-2.28 billion, compared to the consensus revenue estimate of $2.28 billion. Ollie's Bargain Outlet also updated its FY 2024 guidance to 3.220-3.300 EPS.

Wall Street Analysts Forecast Growth

OLLI has been the topic of several analyst reports. Wells Fargo & Company downgraded shares of Ollie's Bargain Outlet from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from $100.00 to $95.00 in a research note on Tuesday, December 3rd. Bank of America increased their target price on Ollie's Bargain Outlet from $102.00 to $115.00 and gave the company a "buy" rating in a research note on Monday, September 30th. Royal Bank of Canada upped their price target on Ollie's Bargain Outlet from $100.00 to $106.00 and gave the company an "outperform" rating in a report on Wednesday, October 2nd. Loop Capital reiterated a "buy" rating and issued a $110.00 price objective on shares of Ollie's Bargain Outlet in a report on Friday, September 20th. Finally, Piper Sandler restated an "overweight" rating and set a $107.00 target price on shares of Ollie's Bargain Outlet in a research note on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $104.50.

Ollie's Bargain Outlet Stock Performance

NASDAQ OLLI traded up $12.97 during trading on Tuesday, hitting $111.02. The stock had a trading volume of 3,750,401 shares, compared to its average volume of 1,045,348. The stock has a market capitalization of $6.81 billion, a price-to-earnings ratio of 33.96, a P/E/G ratio of 2.53 and a beta of 0.85. The stock has a 50 day simple moving average of $94.99 and a 200 day simple moving average of $94.47. Ollie's Bargain Outlet has a one year low of $68.05 and a one year high of $113.76.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last announced its quarterly earnings data on Tuesday, December 10th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.57 by $0.01. The company had revenue of $517.43 million for the quarter, compared to the consensus estimate of $518.83 million. Ollie's Bargain Outlet had a return on equity of 13.27% and a net margin of 9.19%. Ollie's Bargain Outlet's quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.51 EPS. On average, sell-side analysts predict that Ollie's Bargain Outlet will post 3.27 EPS for the current year.

Insider Buying and Selling at Ollie's Bargain Outlet

In other Ollie's Bargain Outlet news, SVP Kevin Mclain sold 15,000 shares of the company's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $98.99, for a total value of $1,484,850.00. Following the completion of the sale, the senior vice president now directly owns 10,610 shares in the company, valued at approximately $1,050,283.90. This represents a 58.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Der Valk Eric Van sold 7,479 shares of the company's stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $100.32, for a total transaction of $750,293.28. Following the completion of the sale, the president now directly owns 5,615 shares of the company's stock, valued at approximately $563,296.80. This trade represents a 57.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 33,712 shares of company stock valued at $3,368,270 in the last three months. Company insiders own 0.87% of the company's stock.

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.