Analysts Set Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Price Target at $111.07

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) has received an average rating of “Moderate Buy” from the seventeen research firms that are covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $111.0667.

Several equities analysts recently commented on the company. UBS Group set a $80.00 price objective on Ollie’s Bargain Outlet in a research note on Thursday, July 9th. The Goldman Sachs Group decreased their target price on Ollie’s Bargain Outlet from $129.00 to $112.00 and set a “buy” rating for the company in a research report on Monday, June 29th. Morgan Stanley lowered their target price on Ollie’s Bargain Outlet from $120.00 to $108.00 and set an “equal weight” rating on the stock in a research note on Thursday, June 4th. Wells Fargo & Company dropped their price target on Ollie’s Bargain Outlet from $130.00 to $115.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 13th. Finally, Loop Capital reiterated a “buy” rating and set a $135.00 price target on shares of Ollie’s Bargain Outlet in a research note on Thursday, June 4th.

Ollie’s Bargain Outlet Stock Performance

NASDAQ OLLI opened at $77.69 on Friday. The company has a market capitalization of $4.70 billion, a PE ratio of 19.18, a price-to-earnings-growth ratio of 1.38 and a beta of 0.46. Ollie’s Bargain Outlet has a 52-week low of $60.29 and a 52-week high of $140.54. The company has a 50-day simple moving average of $73.20 and a 200 day simple moving average of $88.00.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its earnings results on Wednesday, June 3rd. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. Ollie’s Bargain Outlet had a net margin of 9.13% and a return on equity of 13.43%. The firm had revenue of $658.93 million for the quarter, compared to analysts’ expectations of $661.65 million. During the same period in the previous year, the company earned $0.75 earnings per share. The company’s quarterly revenue was up 14.2% on a year-over-year basis. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. As a group, analysts forecast that Ollie’s Bargain Outlet will post 4.45 EPS for the current fiscal year.

Institutional Investors Weigh In On Ollie’s Bargain Outlet

Several institutional investors have recently added to or reduced their stakes in OLLI. Peregrine Capital Management LLC raised its position in shares of Ollie’s Bargain Outlet by 21.2% in the fourth quarter. Peregrine Capital Management LLC now owns 120,733 shares of the company’s stock valued at $13,234,000 after purchasing an additional 21,138 shares during the period. TimesSquare Capital Management LLC boosted its holdings in Ollie’s Bargain Outlet by 42.7% in the 4th quarter. TimesSquare Capital Management LLC now owns 246,235 shares of the company’s stock worth $26,990,000 after buying an additional 73,633 shares during the period. Capital World Investors boosted its holdings in Ollie’s Bargain Outlet by 76.5% in the 4th quarter. Capital World Investors now owns 695,464 shares of the company’s stock worth $76,230,000 after buying an additional 301,332 shares during the period. Massachusetts Financial Services Co. MA grew its stake in Ollie’s Bargain Outlet by 80.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 213,047 shares of the company’s stock valued at $23,352,000 after buying an additional 95,011 shares in the last quarter. Finally, Stephens Investment Management Group LLC grew its stake in Ollie’s Bargain Outlet by 32.8% in the 1st quarter. Stephens Investment Management Group LLC now owns 1,126,255 shares of the company’s stock valued at $103,661,000 after buying an additional 277,870 shares in the last quarter.

Ollie’s Bargain Outlet Company Profile

Ollie’s Bargain Outlet is an American discount retailer specializing in closeout merchandise and surplus inventory across a broad range of categories. The company operates a no-frills retail format that offers branded and private-label products at significant markdowns. Its merchandise mix typically includes housewares, electronics, health and beauty items, food products, beauty supplies, books, toys, and seasonal goods.

Founded in 1982 by Oliver E. “Ollie” Rosenberg, the company is headquartered in Harrisburg, Pennsylvania.