Ollie’s Bargain Outlet (NASDAQ:OLLI) Updates FY 2026 Earnings Guidance

Ollie’s Bargain Outlet (NASDAQ:OLLI) updated its FY 2026 earnings guidance on Wednesday. The company provided EPS guidance of 4.570-4.650 for the period, compared to the consensus earnings per share estimate of 4.520. The company issued revenue guidance of $2.9 billion-$2.9 billion, compared to the consensus revenue estimate of $3.0 billion.

Analyst Upgrades and Downgrades

OLLI has been the subject of several research analyst reports. Royal Bank Of Canada reiterated an “outperform” rating and issued a $121.00 price objective on shares of Ollie’s Bargain Outlet in a research report on Tuesday, August 25th. Citigroup lowered their price target on shares of Ollie’s Bargain Outlet from $111.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, August 26th. KeyCorp lowered their target price on shares of Ollie’s Bargain Outlet from $140.00 to $98.00 and set an “overweight” rating on the stock in a research report on Thursday, July 16th. The Goldman Sachs Group reduced their price target on shares of 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. Finally, Loop Capital reissued 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. Thirteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $107.29.

Ollie’s Bargain Outlet Trading Up 2.1%

Shares of NASDAQ OLLI opened at $73.87 on Thursday. The company’s 50-day moving average price is $72.23 and its 200 day moving average price is $84.47. Ollie’s Bargain Outlet has a 52 week low of $60.29 and a 52 week high of $139.21. The stock has a market cap of $4.47 billion, a price-to-earnings ratio of 18.24, a PEG ratio of 1.28 and a beta of 0.50.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings results on Wednesday, September 2nd. The company reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.30. The company had revenue of $741.31 million during the quarter, compared to the consensus estimate of $747.71 million. Ollie’s Bargain Outlet had a return on equity of 13.43% and a net margin of 9.13%.Ollie’s Bargain Outlet’s revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.99 earnings per share. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.570-4.650 EPS. As a group, research analysts expect that Ollie’s Bargain Outlet will post 4.44 earnings per share for the current year.

More Ollie’s Bargain Outlet News

Here are the key news stories impacting Ollie’s Bargain Outlet this week:

• Positive Sentiment: Second-quarter adjusted EPS rose to $1.42 from $0.99 a year earlier, exceeding analyst estimates near $1.12–$1.14 by a wide margin. Net sales increased 9.1% year over year to $741.3 million, while the company also benefited from tariff refunds. Ollie’s Raises Earnings Outlook on Tariff Refunds Despite Sluggish Sales
• Positive Sentiment: Ollie’s raised fiscal 2026 adjusted EPS guidance to $4.57–$4.65, above the approximately $4.52 consensus, signaling stronger expected profitability. Ollie’s Second Quarter Fiscal 2026 Results
• Positive Sentiment: The retailer opened 15 stores during the quarter, plans to open about 75 locations in fiscal 2026, and expanded its Ollie’s Army loyalty membership by 12.7%, supporting its long-term growth strategy.
• Neutral Sentiment: Consumables were a relative bright spot, but overall comparable-store sales declined 1.8%, suggesting that customer traffic and discretionary demand remain uneven. Consumables Prove to be Bright Spot for Ollie’s in Q2
• Negative Sentiment: Quarterly revenue fell short of the $747.7 million analyst estimate, and fiscal 2026 sales guidance of roughly $2.928–$2.941 billion is below expectations near $3.0 billion. The sales outlook underscores continued caution around consumer spending.

Institutional Trading of Ollie’s Bargain Outlet

A number of hedge funds have recently bought and sold shares of OLLI. Allworth Financial LP raised its holdings in Ollie’s Bargain Outlet by 301.8% in the 3rd quarter. Allworth Financial LP now owns 221 shares of the company’s stock valued at $28,000 after acquiring an additional 166 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Ollie’s Bargain Outlet by 49.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 279 shares of the company’s stock worth $31,000 after buying an additional 92 shares during the period. Quarry LP acquired a new stake in Ollie’s Bargain Outlet in the 3rd quarter worth about $55,000. Johnson Financial Group Inc. acquired a new position in shares of Ollie’s Bargain Outlet during the 3rd quarter valued at about $62,000. Finally, Danske Bank A S acquired a new stake in shares of Ollie’s Bargain Outlet in the third quarter worth approximately $64,000.

About Ollie’s Bargain Outlet

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.