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

Ollie’s Bargain Outlet (NASDAQ:OLLI) updated its FY 2026 earnings guidance on Wednesday. The company provided earnings per share guidance of 4.450-4.550 for the period, compared to the consensus earnings per share estimate of 4.520. The company issued revenue guidance of $3.0 billion-$3.0 billion, compared to the consensus revenue estimate of $3.0 billion.

Ollie’s Bargain Outlet Price Performance

Shares of OLLI stock traded up $0.59 during mid-day trading on Wednesday, hitting $79.84. The stock had a trading volume of 1,399,568 shares, compared to its average volume of 1,373,746. The firm has a market cap of $4.84 billion, a PE ratio of 20.47, a PEG ratio of 1.42 and a beta of 0.46. The company’s 50-day simple moving average is $87.45 and its 200-day simple moving average is $104.03. Ollie’s Bargain Outlet has a fifty-two week low of $73.32 and a fifty-two week high of $141.74.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings results on Wednesday, June 3rd. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. Ollie’s Bargain Outlet had a net margin of 9.08% and a return on equity of 13.18%. The business had revenue of $658.93 million for the quarter, compared to analyst estimates of $661.65 million. During the same period in the previous year, the business posted $0.75 earnings per share. 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. On average, analysts expect that Ollie’s Bargain Outlet will post 4.48 EPS for the current year.

Analyst Upgrades and Downgrades

OLLI has been the subject of a number of recent analyst reports. Morgan Stanley reduced their target price on Ollie’s Bargain Outlet from $130.00 to $120.00 and set an “equal weight” rating for the company in a report on Friday, March 13th. Weiss Ratings downgraded shares of Ollie’s Bargain Outlet from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, April 22nd. Piper Sandler restated an “overweight” rating and set a $128.00 price objective (down from $140.00) on shares of Ollie’s Bargain Outlet in a research note on Friday, March 13th. Truist Financial set a $135.00 price target on Ollie’s Bargain Outlet in a research note on Friday, March 13th. Finally, Royal Bank Of Canada cut their price target on shares of Ollie’s Bargain Outlet from $153.00 to $152.00 and set an “outperform” rating on the stock in a report on Wednesday, May 27th. Thirteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ollie’s Bargain Outlet currently has a consensus rating of “Moderate Buy” and a consensus price target of $137.21.

Insider Activity at Ollie’s Bargain Outlet

In other news, Chairman John W. Swygert sold 5,231 shares of the business’s stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $92.09, for a total value of $481,722.79. Following the completion of the sale, the chairman directly owned 48,200 shares in the company, valued at approximately $4,438,738. The trade was a 9.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 12,459 shares of company stock valued at $1,149,218 over the last 90 days. Company insiders own 0.87% of the company’s stock.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

Institutional investors and hedge funds have recently bought and sold shares of the stock. Allworth Financial LP boosted its stake 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 buying an additional 166 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Ollie’s Bargain Outlet by 49.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 279 shares of the company’s stock valued at $31,000 after purchasing an additional 92 shares in the last quarter. Quarry LP bought a new stake in shares of Ollie’s Bargain Outlet in the 3rd quarter worth about $55,000. Johnson Financial Group Inc. acquired a new stake in shares of Ollie’s Bargain Outlet during the 3rd quarter worth about $62,000. Finally, Danske Bank A S bought a new position in Ollie’s Bargain Outlet during the 3rd quarter valued at about $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.