The Goldman Sachs Group Cuts Ollie’s Bargain Outlet (NASDAQ:OLLI) Price Target to $112.00

Ollie’s Bargain Outlet (NASDAQ:OLLI) had its price objective dropped by The Goldman Sachs Group from $129.00 to $112.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. The Goldman Sachs Group’s price target points to a potential upside of 55.75% from the company’s previous close.

Several other research firms have also commented on OLLI. Bank of America restated a “buy” rating on shares of Ollie’s Bargain Outlet in a research report on Friday, March 13th. Truist Financial set a $112.00 price objective on shares of Ollie’s Bargain Outlet in a research report on Thursday, June 4th. Wells Fargo & Company reduced their target price on shares of Ollie’s Bargain Outlet from $130.00 to $115.00 and set an “overweight” rating for the company in a research note on Wednesday, May 13th. Weiss Ratings cut shares of Ollie’s Bargain Outlet from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, April 22nd. Finally, Gordon Haskett restated an “accumulate” rating and issued a $90.00 price target (down from $100.00) on shares of Ollie’s Bargain Outlet in a research note on Thursday, June 4th. Fourteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $124.00.

Ollie’s Bargain Outlet Price Performance

NASDAQ:OLLI opened at $71.91 on Monday. The firm has a market capitalization of $4.35 billion, a P/E ratio of 17.76, a P/E/G ratio of 1.25 and a beta of 0.46. The business has a 50 day simple moving average of $81.43 and a 200 day simple moving average of $98.04. Ollie’s Bargain Outlet has a 12-month low of $70.85 and a 12-month high of $141.74.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its earnings results on Wednesday, June 3rd. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.04. The firm had revenue of $658.93 million for the quarter, compared to analyst estimates of $661.65 million. Ollie’s Bargain Outlet had a return on equity of 13.43% and a net margin of 9.13%.The firm’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same period last year, the company earned $0.75 earnings per share. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. Research analysts anticipate that Ollie’s Bargain Outlet will post 4.52 EPS for the current fiscal year.

Insider Activity at Ollie’s Bargain Outlet

In other news, Chairman John W. Swygert sold 5,231 shares of the firm’s stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $92.09, for a total transaction of $481,722.79. Following the transaction, the chairman directly owned 48,200 shares of the company’s stock, valued at approximately $4,438,738. This trade represents a 9.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.75% of the company’s stock.

Institutional Investors Weigh In On Ollie’s Bargain Outlet

Several institutional investors have recently bought and sold shares of the stock. Allworth Financial LP grew its position 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. Cornerstone Planning Group LLC raised its position in shares of Ollie’s Bargain Outlet by 218.8% during the 4th quarter. Cornerstone Planning Group LLC now owns 255 shares of the company’s stock worth $27,000 after buying an additional 175 shares in the last quarter. Maseco LLP bought a new stake in shares of Ollie’s Bargain Outlet during the 4th quarter worth about $30,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Ollie’s Bargain Outlet by 49.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 279 shares of the company’s stock worth $31,000 after buying an additional 92 shares in the last quarter. Finally, Quarry LP acquired a new stake in shares of Ollie’s Bargain Outlet in the 3rd quarter worth approximately $55,000.

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.