Brokers Issue Forecasts for Ollie’s Bargain Outlet Holdings, Inc.’s Q4 2024 Earnings (NASDAQ:OLLI)

Ollie's Bargain Outlet logo Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI – Get Rating) – Analysts at Jefferies Financial Group lifted their Q4 2024 earnings estimates for shares of Ollie’s Bargain Outlet in a research note issued on Wednesday, March 22nd. Jefferies Financial Group analyst R.

Konik now forecasts that the company will post earnings per share of £0.99 for the quarter, up from their prior forecast of £0.83. The consensus estimate for Ollie’s Bargain Outlet’s current full-year earnings is £2.54 per share. Jefferies Financial Group also issued estimates for Ollie’s Bargain Outlet’s Q2 2025 earnings at £0.77 EPS, Q3 2025 earnings at £0.52 EPS and Q4 2025 earnings at £1.14 EPS.

Ollie’s Bargain Outlet (NASDAQ:OLLI – Get Rating) last issued its quarterly earnings data on Wednesday, March 22nd. The company reported £0.84 earnings per share for the quarter, topping analysts’ consensus estimates of £0.80 by £0.04. The business had revenue of £549.80 million during the quarter, compared to analysts’ expectations of £542.18 million.

Ollie’s Bargain Outlet had a net margin of 5.31% and a return on equity of 7.15%. The company’s revenue was up 9.7% on a year-over-year basis. During the same period last year, the company posted £0.69 EPS.

Several other brokerages have also weighed in on OLLI.

Loop Capital increased their price objective on shares of Ollie’s Bargain Outlet from £42.00 to £58.00 and gave the stock an “equal weight” rating in a report on Thursday. Morgan Stanley increased their price target on shares of Ollie’s Bargain Outlet from £50.00 to £54.00 and gave the stock an “equal weight” rating in a research note on Thursday. Wells Fargo & Company boosted their price objective on shares of Ollie’s Bargain Outlet from £60.00 to £67.00 and gave the company an “overweight” rating in a research note on Monday, February 6th.

Craig Hallum cut their target price on Ollie’s Bargain Outlet from £70.00 to £65.00 in a research report on Thursday, December 8th. Finally, The Goldman Sachs Group upped their price target on Ollie’s Bargain Outlet from £56.00 to £61.00 in a research note on Wednesday. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock.

According to MarketBeat.com, Ollie’s Bargain Outlet presently has an average rating of “Moderate Buy” and an average target price of £62.13.

Ollie’s Bargain Outlet Stock Performance

Shares of OLLI opened at £58.10 on Friday. Ollie’s Bargain Outlet has a fifty-two week low of £40.11 and a fifty-two week high of £72.27. The company has a market capitalization of £3.62 billion, a PE ratio of 38.73, a price-to-earnings-growth ratio of 1.85 and a beta of 0.96.

The stock has a fifty day moving average of £55.57 and a two-hundred day moving average of £54.60.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Franklin Resources Inc. lifted its stake in shares of Ollie’s Bargain Outlet by 1.4% in the second quarter. Franklin Resources Inc. now owns 11,525 shares of the company’s stock worth £677,000 after acquiring an additional 155 shares in the last quarter.

Voya Investment Management LLC raised its position in shares of Ollie’s Bargain Outlet by 1.2% in the 4th quarter. Voya Investment Management LLC now owns 16,627 shares of the company’s stock valued at £779,000 after purchasing an additional 196 shares in the last quarter. State of Michigan Retirement System raised its position in shares of Ollie’s Bargain Outlet by 1.4% in the 4th quarter.

State of Michigan Retirement System now owns 14,803 shares of the company’s stock valued at £693,000 after purchasing an additional 200 shares in the last quarter. Shaker Investments LLC OH boosted its stake in shares of Ollie’s Bargain Outlet by 1.1% during the 4th quarter. Shaker Investments LLC OH now owns 18,322 shares of the company’s stock valued at £858,000 after buying an additional 200 shares during the last quarter.

Finally, CWM LLC grew its position in shares of Ollie’s Bargain Outlet by 30.3% during the fourth quarter. CWM LLC now owns 882 shares of the company’s stock worth £41,000 after buying an additional 205 shares in the last quarter.

Ollie’s Bargain Outlet Company Profile

(Get Rating) 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.

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Earnings History and Estimates for Ollie's Bargain Outlet (NASDAQ:OLLI)

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