Ollie’s Bargain Outlet (NASDAQ:OLLI) Price Target Raised to $73.00

Ollie’s Bargain Outlet (NASDAQ:OLLI) had its target price lifted by JPMorgan Chase & Co. from $70.00 to $73.00 in a research note released on Tuesday,Benzinga reports. They currently have a neutral rating on the stock.

Other research analysts have also issued research reports about the stock. Citigroup decreased their price target on shares of Ollie’s Bargain Outlet from $141.00 to $111.00 and set a “buy” rating on the stock in a research report on Tuesday, May 12th. KeyCorp cut their price objective on Ollie’s Bargain Outlet from $140.00 to $98.00 and set an “overweight” rating for the company in a research report on Thursday, July 16th. UBS Group set a $80.00 price objective on Ollie’s Bargain Outlet in a research note on Thursday, July 9th. Piper Sandler reduced their price objective on Ollie’s Bargain Outlet from $114.00 to $113.00 and set an “overweight” rating for the company in a research note on Tuesday. Finally, The Goldman Sachs Group decreased their target price on Ollie’s Bargain Outlet from $129.00 to $112.00 and set a “buy” rating on the stock in a report on Monday, June 29th. Thirteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $110.20.

Ollie’s Bargain Outlet Trading Down 5.8%

Shares of NASDAQ OLLI opened at $74.75 on Tuesday. Ollie’s Bargain Outlet has a twelve month low of $60.29 and a twelve month high of $140.17. The firm has a 50-day moving average of $72.93 and a two-hundred day moving average of $86.82. The company has a market capitalization of $4.52 billion, a price-to-earnings ratio of 18.46, a PEG ratio of 1.40 and a beta of 0.46.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data on Wednesday, June 3rd. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $658.93 million for the quarter, compared to analysts’ expectations of $661.65 million. During the same quarter in the previous year, the company posted $0.75 EPS. The business’s revenue was up 14.2% compared to the same quarter last year. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. As a group, research analysts predict that Ollie’s Bargain Outlet will post 4.44 earnings per share for the current year.

Institutional Investors Weigh In On Ollie’s Bargain Outlet

A number of large investors have recently made changes to their positions in the company. Grandeur Peak Global Advisors LLC purchased a new stake in shares of Ollie’s Bargain Outlet in the 2nd quarter valued at approximately $14,566,000. Quantitative Investment Management LLC grew its position in Ollie’s Bargain Outlet by 247.0% during the 2nd quarter. Quantitative Investment Management LLC now owns 21,197 shares of the company’s stock worth $1,629,000 after purchasing an additional 15,089 shares in the last quarter. Two Sigma Securities LLC acquired a new stake in Ollie’s Bargain Outlet during the 2nd quarter valued at $1,043,000. Sheets Smith Wealth Management raised its stake in Ollie’s Bargain Outlet by 43.9% during the 2nd quarter. Sheets Smith Wealth Management now owns 7,699 shares of the company’s stock valued at $592,000 after purchasing an additional 2,347 shares during the period. Finally, Hsbc Holdings PLC raised its stake in Ollie’s Bargain Outlet by 1,043.7% during the 2nd quarter. Hsbc Holdings PLC now owns 144,220 shares of the company’s stock valued at $10,699,000 after purchasing an additional 131,610 shares during the period.

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.