Ollie's Bargain Outlet (NASDAQ:OLLI – Get Rating) updated its FY 2022 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.74-$1.79 for the period, compared to the consensus estimate of $1.89. The company issued revenue guidance of $1.84 billion-$1.86 billion, compared to the consensus revenue estimate of $1.88 billion. Ollie's Bargain Outlet also updated its Q3 2022 guidance to $0.39-$0.43 EPS.
Analysts Set New Price Targets
A number of research analysts have recently issued reports on OLLI shares. Craig Hallum lowered their price target on Ollie's Bargain Outlet to $70.00 in a report on Tuesday, September 6th. JPMorgan Chase & Co. increased their target price on Ollie's Bargain Outlet from $40.00 to $54.00 in a report on Friday. KeyCorp increased their target price on Ollie's Bargain Outlet from $75.00 to $79.00 and gave the company an overweight rating in a report on Friday, July 15th. StockNews.com cut Ollie's Bargain Outlet from a hold rating to a sell rating in a research report on Tuesday. Finally, Wells Fargo & Company upped their price target on Ollie's Bargain Outlet from $70.00 to $75.00 and gave the stock an overweight rating in a research report on Thursday, July 7th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of Hold and a consensus price target of $63.07.
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Ollie's Bargain Outlet Stock Performance
OLLI traded up $0.54 during trading on Friday, hitting $57.71. 1,429,524 shares of the stock were exchanged, compared to its average volume of 1,253,006. The firm has a 50 day simple moving average of $62.18 and a 200 day simple moving average of $54.03. The firm has a market cap of $3.61 billion, a price-to-earnings ratio of 38.73, a P/E/G ratio of 2.00 and a beta of 0.83. Ollie's Bargain Outlet has a 1 year low of $37.67 and a 1 year high of $75.27.
Ollie's Bargain Outlet (NASDAQ:OLLI – Get Rating) last released its quarterly earnings data on Thursday, September 1st. The company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.11). Ollie's Bargain Outlet had a return on equity of 7.15% and a net
margin of 5.42%. The firm had revenue of $452.40 million for the quarter, compared to analysts' expectations of $457.43 million. During the same quarter in the previous year, the business earned $0.52 earnings per share. The company's revenue for the quarter was up 8.8% compared to the same quarter last year. As a group, equities analysts anticipate that Ollie's Bargain Outlet will post 1.78 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Captrust Financial Advisors increased its holdings in shares of Ollie's Bargain Outlet by 81.1% in the 2nd quarter. Captrust Financial Advisors now owns 1,411 shares of the company's stock valued at $83,000 after acquiring an additional 632 shares during the period. Great West Life Assurance Co. Can grew its stake in Ollie's Bargain Outlet by 3.5% during the 1st quarter. Great West Life Assurance Co. Can now owns 31,651 shares of the company's stock worth $1,398,000 after buying an additional 1,081 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Ollie's Bargain Outlet by 7.2% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,515 shares of the company's stock worth $924,000 after buying an additional 1,451 shares during the last quarter. Hsbc Holdings PLC grew its stake in Ollie's Bargain Outlet by 34.9% during the 1st quarter. Hsbc Holdings PLC now owns 8,882 shares of the company's stock worth $385,000 after buying an additional 2,299 shares during the last quarter. Finally, LPL Financial LLC grew its stake in Ollie's Bargain Outlet by 9.2% during the 2nd quarter. LPL Financial LLC now owns 33,285 shares of the company's stock worth $2,097,000 after buying an additional 2,814 shares during the last quarter.
About Ollie's Bargain Outlet
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Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise. 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.
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