Latest news with #OlliesBargainOutlet
Yahoo
3 days ago
- Business
- Yahoo
Ollie's Bargain Outlet price target raised to $128 from $126 at Truist
Truist raised the firm's price target on Ollie's Bargain Outlet (OLLI) to $128 from $126 and keeps a Buy rating on the shares. The company's Q1 results were 'solid', with comps and earnings modestly topping the firm's estimates, the analyst tells investors in a research note. Ollie's Bargain management also raised their full year comp and sales guide and maintained their earnings outlook despite incurring additional costs for tariffs, dark rent and store growth acceleration, Truist added. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today's best-performing stocks on TipRanks >> Read More on OLLI: Disclaimer & DisclosureReport an Issue Ollie's Bargain Outlet price target lowered to $123 from $124 at Piper Sandler Ollie's Bargain Outlet Holdings: Balanced Risk/Reward Justifies Hold Rating Amid Modest Growth and Economic Uncertainties Cautious Optimism: Hold Rating on Ollie's Bargain Outlet Amid Strong Performance and Uncertainties Ollie's Bargain Outlet Holdings: Strong Performance and Strategic Growth Justify Buy Rating Ollie's Bargain Outlet Reports Strong Q1 2025 Results Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Entrepreneur
5 days ago
- Business
- Entrepreneur
Ollie's Q1 Earnings: The Good, the Bad, and What's Next
Ollie's Bargain Outlet outperformed in Q1 2025 and provided a solid forecast despite the impact of tariffs; buying bankrupt Big Lots locations is paying off. This story originally appeared on MarketBeat [content-module:CompanyOverview|NASDAQ:OLLI] Ollie's Bargain Outlet (NASDAQ: OLLI) had a solid quarter in Q2, with only one thing overshadowing the results: margins. The company's gross margin remained steady despite the influence of competing factors, but increased costs, including start-up and dark rent, eroded the profit outlook. While revenue is growing robustly for this retailer due to the expansion into vacated Big Lots locations, profits are not keeping pace. The critical details for investors are that today's increased costs are positioning the company for future growth and earnings leverage. Not only are comp sales growing at a modest single-digit pace in the existing business, but the new stores will drive a systemwide acceleration and improve operating leverage as unused square footage gets put to use. Until then, the company's profits are sufficient to sustain its growth trajectory, maintain a healthy balance sheet, and support capital returns. Yes, Ollie's Accelerates Growth in 2025 Ollie's move to acquire bankrupt Big Lots locations was a good one, allowing it to accelerate its growth. Revenue grew by 13.4% in Q1, outpacing the consensus estimates by 190 basis points on a 13.2% YOY increase in store count. Growth is also driven by comp-store gains of 2.4%, which is entirely due to transaction volume. Loyalty membership is another area of strength, indicating long-term growth, which is up 9% and is expected to continue increasing as new stores are added and penetration gains are made. The margin contracted, but there is good news. The margin contracted, but less than expected, resulting in adjusted net income and earnings increasing by about 3%. The critical factor is that guidance was improved, including the anticipated impact from tariffs. The revenue forecast was increased due to accelerated store count growth and comp-store strength, and will outpace competitors. Still, the earnings forecast was maintained, including the impact of dark rents, with improving operational leverage offsetting the effects of tariffs. Ollie's also accelerated its shareholder value gain. Highlights from the balance sheet are overwhelmingly positive, with cash, investments, inventory, current, and total assets all increasing, more than offsetting the increases in liabilities. The balance sheet remains net cash, long-term debt has declined, and total liabilities are extremely low at roughly 0.35 times the equity, which has increased by 13%. Regarding capital returns, Ollie's doesn't yet pay dividends and only repurchases enough shares to offset dilutive actions, but it is in a position to begin accelerating its return soon. Sell-Side Activity Supports the Uptrend in Ollie's Share Price [content-module:Forecast|NASDAQ:OLLI] Sell-side activity, including analysts, institutions, and short-sellers, aligns with an uptrend in Ollie's stock price. The 14 analysts tracked by MarketBeat rate the stock as a Moderate Buy with a bullish bias. Coverage is firm, with a consensus price target that forecasts a 10% upside in early June, and the revision trend is trending towards the high-end range. Institutions, which own nearly 100% of the stock, have been buying on balance this year and provide a strong support base, while short-sellers were covering as of the May 15 report. The price action in OLLI shares pulled back in premarket trading following the release, opening a likely buying opportunity. The trend in the action since 2022 is bullish, and the Q1 2025 report aligns with acceleration, not deceleration, which is a bullish catalyst. The critical support target is near the 150-day EMA; a move below that could lead to sideways movement in 2025. However, assuming support remains solid, this stock is likely to continue trending higher, potentially reaching the consensus target of $124 by year's end and setting a new all-time high. Before you make your next trade, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list. They believe these five stocks are the five best companies for investors to buy now... See The Five Stocks Here
Yahoo
6 days ago
- Business
- Yahoo
Ollie's (OLLI) Reports Q1: Everything You Need To Know Ahead Of Earnings
Discount retail company Ollie's Bargain Outlet (NASDAQ:OLLI) will be announcing earnings results tomorrow before the bell. Here's what you need to know. Ollie's missed analysts' revenue expectations by 1.2% last quarter, reporting revenues of $667.1 million, up 2.8% year on year. It was a mixed quarter for the company, with an impressive beat of analysts' gross margin estimates but full-year EPS guidance missing analysts' expectations. Is Ollie's a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Ollie's revenue to grow 11.3% year on year to $566.2 million, in line with the 10.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.71 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Ollie's has missed Wall Street's revenue estimates four times over the last two years. Looking at Ollie's peers in the discount retailer segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Ross Stores delivered year-on-year revenue growth of 2.6%, beating analysts' expectations by 0.5%, and TJX reported revenues up 5.1%, topping estimates by 0.7%. Ross Stores traded down 9.8% following the results while TJX was also down 4%. Read our full analysis of Ross Stores's results here and TJX's results here. There has been positive sentiment among investors in the discount retailer segment, with share prices up 9.8% on average over the last month. Ollie's stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $125.88 (compared to the current share price of $110). Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10-05-2025
- Business
- Yahoo
Big Lots set to open more than 70 stores: Is your store on the list?
A number of Big Lots stores are slated to open next week. After announcing that store openings would come in waves in 2025, more than 70 stores are planned to reopen nationwide on May 15, only two weeks after 60 stores opened in a dozen states on May 1. The two rounds of May store openings come on the heels of nine Big Lots openings across six states on April 10. Another round of openings is set to take place through early June. The openings come months after Big Lots announced its sale to Gordon Brothers Retail Partners. As part of the deal, Variety Wholesalers acquired 219 Big Lots stores, as well as two distribution centers. "We're thrilled to bring the Big Lots! brand back to life by offering more deals than ever, lots of famous brands and a new apparel department for the entire family," Variety Wholesalers CEO Lisa Seigies said in a news release on April 4. Big Lots openings on May 15 are set to take place in 13 states: Alabama, Florida, Georgia, Kentucky, Michigan, Mississippi, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Virginia and West Virginia. Apart from Variety Wholesalers, other retailers have announced the purchase of Big Lots locations. Rhode Island-based Ocean State Job Lot announced in March that it would be buying 15 Big Lots locations in New Jersey, Maryland, Delaware, Pennsylvania, New York, Massachusetts, Maine and Vermont. Earlier in February, Ollie's Bargain Outlet said it would be buying 40 former Big Lots store locations. Fernando Cervantes Jr. is a trending news reporter for USA TODAY. Reach him at and follow him on X @fern_cerv_. This article originally appeared on USA TODAY: Over 70 Big Lots stores reopening in 13 states: See where Sign in to access your portfolio
