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

Ollie’s Bargain Outlet (NASDAQ:OLLI) issued an update on its FY25 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $3.22-3.30 for the period, compared to the consensus earnings per share 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.

Ollie’s Bargain Outlet Stock Down 3.4 %

Shares of OLLI stock opened at $98.05 on Tuesday. The stock has a market cap of $6.02 billion, a P/E ratio of 29.89, a PEG ratio of 2.53 and a beta of 0.85. Ollie’s Bargain Outlet has a 52 week low of $68.05 and a 52 week high of $104.98. The company’s fifty day simple moving average is $94.99 and its two-hundred day simple moving average is $94.47.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Royal Bank of Canada upped their price target on shares of Ollie’s Bargain Outlet from $100.00 to $106.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. cut their price objective on Ollie’s Bargain Outlet from $113.00 to $105.00 and set an “overweight” rating on the stock in a research report on Friday, August 30th. UBS Group raised their target price on shares of Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the stock a “neutral” rating in a research report on Friday, August 30th. Wells Fargo & Company downgraded shares of Ollie’s Bargain Outlet from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $100.00 to $95.00 in a research report on Tuesday, December 3rd. Finally, Loop Capital reiterated a “buy” rating and issued a $110.00 target price on shares of Ollie’s Bargain Outlet in a research note on Friday, September 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $104.50.

Insider Buying and Selling

In other news, CEO John W. Swygert sold 4,800 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $102.60, for a total transaction of $492,480.00. Following the completion of the transaction, the chief executive officer now directly owns 48,200 shares of the company’s stock, valued at $4,945,320. The trade was a 9.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Robert F. Helm sold 2,401 shares of the stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $94.68, for a total transaction of $227,326.68. Following the sale, the chief financial officer now directly owns 2,021 shares in the company, valued at approximately $191,348.28. The trade was a 54.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,712 shares of company stock valued at $3,368,270 over the last quarter. 0.87% of the stock is currently owned by company insiders.

About Ollie’s Bargain Outlet

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.