Ollie’s Bargain Outlet (NASDAQ:OLLI) Price Target Raised to $124.00

Ollie’s Bargain Outlet (NASDAQ:OLLI) had its target price increased by Royal Bank Of Canada from $121.00 to $124.00 in a report issued on Thursday, MarketBeat.com reports. Royal Bank Of Canada currently has an outperform rating on the stock.

A number of other brokerages also recently weighed in on OLLI. Loop Capital reissued a “buy” rating and issued a $135.00 price target on shares of Ollie’s Bargain Outlet in a report on Thursday, June 4th. Wells Fargo & Company lowered their price objective on shares of Ollie’s Bargain Outlet from $115.00 to $100.00 and set an “overweight” rating on the stock in a research note on Monday, August 17th. The Goldman Sachs Group dropped their target price on shares of 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. JPMorgan Chase & Co. raised their target price on shares of Ollie’s Bargain Outlet from $70.00 to $73.00 and gave the stock a “neutral” rating in a report on Tuesday, August 18th. Finally, Truist Financial decreased their price target on shares of Ollie’s Bargain Outlet from $112.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Thirteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $102.43.

Ollie’s Bargain Outlet Stock Performance

OLLI opened at $76.57 on Thursday. Ollie’s Bargain Outlet has a one year low of $60.29 and a one year high of $139.21. The stock’s fifty day moving average is $72.37 and its 200-day moving average is $84.13. The company has a market capitalization of $4.55 billion, a PE ratio of 17.09, a P/E/G ratio of 1.22 and a beta of 0.50.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data on Wednesday, September 2nd. The company reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.30. Ollie’s Bargain Outlet had a return on equity of 14.54% and a net margin of 9.79%.The business had revenue of $741.31 million during the quarter, compared to analyst estimates of $747.71 million. During the same quarter in the prior year, the firm posted $0.99 earnings per share. The company’s revenue was up 9.1% on a year-over-year basis. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.570-4.650 EPS. On average, equities research analysts forecast that Ollie’s Bargain Outlet will post 4.61 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in OLLI. VELA Investment Management LLC purchased a new stake in shares of Ollie’s Bargain Outlet in the 2nd quarter valued at approximately $1,856,000. Corient Private Wealth LP grew its position in Ollie’s Bargain Outlet by 59.3% during the 2nd quarter. Corient Private Wealth LP now owns 6,724 shares of the company’s stock worth $517,000 after purchasing an additional 2,502 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Ollie’s Bargain Outlet during the 2nd quarter worth approximately $308,000. California State Teachers Retirement System raised its stake in Ollie’s Bargain Outlet by 7,370.7% during the 2nd quarter. California State Teachers Retirement System now owns 5,491,385 shares of the company’s stock valued at $422,178,000 after purchasing an additional 5,417,879 shares during the period. Finally, AlphaGrep UK Ltd acquired a new stake in Ollie’s Bargain Outlet during the 2nd quarter valued at $393,000.

More Ollie’s Bargain Outlet News

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

• Positive Sentiment: Ollie’s reported second-quarter adjusted EPS of $1.42, exceeding the $1.12 analyst consensus and rising from $0.99 a year earlier. Revenue increased 9.1% year over year to $741.3 million, while tariff refunds helped lift profitability. OLLI Q2 Earnings Beat Estimates on Tariff Refunds, Sales Miss
• Positive Sentiment: The company raised its fiscal 2026 adjusted EPS outlook to $4.57–$4.65, above the prior outlook and broadly ahead of analyst expectations. Ollie’s Raises Earnings Outlook on Tariff Refunds Despite Sluggish Sales
• Positive Sentiment: Analysts remain broadly constructive. Citi, Goldman Sachs, Piper Sandler, Wells Fargo and RBC maintained positive ratings, with targets generally implying meaningful upside; RBC raised its target to $124 and Jefferies maintained a Buy rating.
• Positive Sentiment: Management plans to invest $15 million in lower prices, which could strengthen Ollie’s value proposition, support traffic and improve competitiveness in the discount retail market. Ollie’s Bargain Outlets will plow $15M into lower prices
• Neutral Sentiment: Several firms lowered their price targets following the earnings report—Goldman Sachs to $100, Citi and Morgan Stanley to $98, Piper Sandler to $100, and Wells Fargo to $90—while retaining Buy, Overweight or Equal Weight ratings. The revisions suggest improved valuation discipline despite continued confidence in the business.
• Negative Sentiment: Revenue fell short of expectations, and sluggish comparable-store sales prompted a more cautious sales outlook. The planned price reductions may also pressure near-term margins if increased customer traffic does not offset lower prices.

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.