UBS Group Cuts Ollie’s Bargain Outlet (NASDAQ:OLLI) Price Target to $87.00

Ollie’s Bargain Outlet (NASDAQ:OLLI) had its target price cut by research analysts at UBS Group from $125.00 to $87.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s price objective suggests a potential upside of 12.48% from the company’s previous close.

A number of other brokerages also recently commented on OLLI. KeyCorp set a $140.00 price objective on Ollie’s Bargain Outlet in a research note on Wednesday. JPMorgan Chase & Co. lowered their price target on shares of Ollie’s Bargain Outlet from $163.00 to $152.00 and set an “overweight” rating for the company in a research report on Monday, April 13th. The Goldman Sachs Group set a $129.00 price objective on shares of Ollie’s Bargain Outlet in a report on Thursday. Truist Financial set a $135.00 target price on shares of Ollie’s Bargain Outlet in a research report on Friday, March 13th. Finally, Morgan Stanley dropped their price target on shares of Ollie’s Bargain Outlet from $130.00 to $120.00 and set an “equal weight” rating on the stock in a research note on Friday, March 13th. Fourteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Ollie’s Bargain Outlet presently has an average rating of “Moderate Buy” and a consensus target price of $127.47.

Ollie’s Bargain Outlet Stock Down 3.0%

Shares of NASDAQ:OLLI opened at $77.35 on Thursday. The company has a market cap of $4.69 billion, a PE ratio of 19.88, a P/E/G ratio of 1.39 and a beta of 0.46. Ollie’s Bargain Outlet has a fifty-two week low of $73.32 and a fifty-two week high of $141.74. The firm has a 50-day simple moving average of $86.76 and a 200 day simple moving average of $103.35.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its earnings results on Wednesday, June 3rd. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. The company had revenue of $658.93 million during the quarter, compared to the consensus estimate of $661.65 million. Ollie’s Bargain Outlet had a return on equity of 13.18% and a net margin of 9.08%.Ollie’s Bargain Outlet’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.75 earnings per share. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. As a group, research analysts forecast that Ollie’s Bargain Outlet will post 4.48 EPS for the current fiscal year.

Insider Activity

In other news, Chairman John W. Swygert sold 5,231 shares of the business’s stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $92.09, for a total value of $481,722.79. Following the sale, the chairman owned 48,200 shares of the company’s stock, valued at approximately $4,438,738. The trade was a 9.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 12,459 shares of company stock worth $1,149,218. 0.75% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

Several large investors have recently bought and sold shares of OLLI. Bessemer Group Inc. boosted its position in shares of Ollie’s Bargain Outlet by 25.0% during the third quarter. Bessemer Group Inc. now owns 430 shares of the company’s stock worth $55,000 after buying an additional 86 shares during the period. Thrivent Financial for Lutherans lifted its position in shares of Ollie’s Bargain Outlet by 0.6% in the second quarter. Thrivent Financial for Lutherans now owns 14,458 shares of the company’s stock worth $1,905,000 after purchasing an additional 91 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings 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 purchasing an additional 92 shares during the last quarter. Huntington National Bank increased its stake in Ollie’s Bargain Outlet by 9.0% in the 3rd quarter. Huntington National Bank now owns 1,145 shares of the company’s stock valued at $147,000 after buying an additional 95 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its position in Ollie’s Bargain Outlet by 0.4% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 21,780 shares of the company’s stock worth $2,797,000 after buying an additional 97 shares in the last quarter.

Key Ollie’s Bargain Outlet News

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

• Positive Sentiment: The company reported first-quarter EPS of $0.91, topping the $0.87 consensus, while revenue rose 14% year over year to $658.93 million. Management said earnings ahead of expectations and highlighted solid sales growth. Ollie’s Bargain Outlet Holdings, Inc. Announces First Quarter Fiscal 2026 Results
• Positive Sentiment: Ollie’s Bargain Outlet raised its fiscal 2026 EPS outlook to $4.45-$4.55, signaling confidence in continued profit growth after the strong quarter. Ollie’s Bargain Outlet Lifts Outlook as 1Q Profit, Sales Rise
• Positive Sentiment: Analysts noted the earnings beat and store-opening driven growth, which helped reinforce the bullish case for the retailer. Ollie’s Bargain Outlet: Store Openings Drive Growth (Rating Upgrade)
• Neutral Sentiment: Gordon Haskett reaffirmed its accumulate rating but cut its price target to $90 from $100, suggesting upside remains but expectations have been tempered. Benzinga reference
• Neutral Sentiment: Revenue came in slightly below the Wall Street estimate, which partially offset the earnings beat and may limit near-term enthusiasm. MarketBeat earnings release

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.