FY2028 Earnings Forecast for OLLI Issued By Zacks Research

Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) - Research analysts at Zacks Research issued their FY2028 EPS estimates for shares of Ollie's Bargain Outlet in a report released on Wednesday, April 2nd. Zacks Research analyst S. Singh expects that the company will post earnings of $4.80 per share 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 have also recently weighed in on OLLI. UBS Group boosted their price objective on Ollie's Bargain Outlet from $117.00 to $123.00 and gave the stock a "neutral" rating in a research report on Thursday, March 20th. Morgan Stanley boosted their price target on shares of Ollie's Bargain Outlet from $108.00 to $118.00 and gave the stock an "equal weight" rating in a report on Thursday, March 20th. Royal Bank of Canada raised their price objective on shares of Ollie's Bargain Outlet from $130.00 to $133.00 and gave the stock an "outperform" rating in a report on Friday, March 7th. Piper Sandler dropped their target price on shares of Ollie's Bargain Outlet from $126.00 to $124.00 and set an "overweight" rating on the stock in a research note on Thursday, March 20th. Finally, StockNews.com lowered shares of Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a research note on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Ollie's Bargain Outlet currently has a consensus rating of "Moderate Buy" and an average price target of $123.08.

Remove Ads

Ollie's Bargain Outlet Price Performance

Shares of NASDAQ OLLI traded up $1.17 during midday trading on Monday, reaching $114.42. The company's stock had a trading volume of 1,375,912 shares, compared to its average volume of 1,127,941. The stock has a market capitalization of $7.01 billion, a P/E ratio of 34.16, a PEG ratio of 2.21 and a beta of 0.75. The firm has a 50 day moving average price of $106.14 and a 200-day moving average price of $103.35. Ollie's Bargain Outlet has a 12-month low of $70.17 and a 12-month high of $120.03.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last released its quarterly earnings results on Wednesday, March 19th. The company reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.20 by ($0.01). The firm had revenue of $667.10 million for the quarter, compared to analysts' expectations of $674.61 million. Ollie's Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The firm's revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.23 earnings per share.

Insider Transactions at Ollie's Bargain Outlet

In related news, CFO Robert F. Helm sold 312 shares of the stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $107.17, for a total transaction of $33,437.04. Following the sale, the chief financial officer now owns 3,273 shares of the company's stock, valued at approximately $350,767.41. This represents a 8.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman John W. Swygert sold 3,331 shares of Ollie's Bargain Outlet stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $114.60, for a total value of $381,732.60. Following the transaction, the chairman now directly owns 48,200 shares of the company's stock, valued at $5,523,720. The trade was a 6.46 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 37,897 shares of company stock valued at $4,227,970 over the last three months. Company insiders own 0.87% of the company's stock.

Institutional Trading of Ollie's Bargain Outlet

Several institutional investors and hedge funds have recently bought and sold shares of OLLI. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Ollie's Bargain Outlet by 489.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 230 shares of the company's stock worth $25,000 after purchasing an additional 191 shares during the period. Wilmington Savings Fund Society FSB increased its stake in Ollie's Bargain Outlet by 337.0% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company's stock worth $26,000 after acquiring an additional 182 shares during the last quarter. Bogart Wealth LLC purchased a new stake in shares of Ollie's Bargain Outlet in the 4th quarter valued at about $26,000. Blue Trust Inc. boosted its position in shares of Ollie's Bargain Outlet by 55.2% during the 4th quarter. Blue Trust Inc. now owns 284 shares of the company's stock valued at $31,000 after acquiring an additional 101 shares during the last quarter. Finally, Brown Brothers Harriman & Co. purchased a new position in shares of Ollie's Bargain Outlet during the fourth quarter worth about $33,000.

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.