Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Receives $111.07 Average Price Target from Brokerages

Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) have been assigned an average rating of “Moderate Buy” from the seventeen brokerages that are presently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $111.0667.

Several brokerages recently commented on OLLI. The Goldman Sachs Group reduced their target price on shares of Ollie’s Bargain Outlet from $129.00 to $112.00 and set a “buy” rating for the company in a report on Monday, June 29th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $70.00 price target (down from $152.00) on shares of Ollie’s Bargain Outlet in a research note on Wednesday, July 8th. Piper Sandler set a $114.00 price target on shares of Ollie’s Bargain Outlet in a research report on Wednesday, June 3rd. Citigroup reduced their price objective on shares of Ollie’s Bargain Outlet from $141.00 to $111.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. Finally, KeyCorp decreased their price objective on Ollie’s Bargain Outlet from $140.00 to $98.00 and set an “overweight” rating for the company in a report on Thursday, July 16th.

Institutional Investors Weigh In On Ollie’s Bargain Outlet

Large investors have recently made changes to their positions in the stock. Thrivent Financial for Lutherans boosted its stake 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 acquiring an additional 91 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in 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 valued at $31,000 after purchasing an additional 92 shares during the period. Dana Investment Advisors Inc. raised its stake in Ollie’s Bargain Outlet by 2.5% during the 4th quarter. Dana Investment Advisors Inc. now owns 5,649 shares of the company’s stock valued at $619,000 after purchasing an additional 137 shares during the period. Lazard Asset Management LLC lifted its holdings in Ollie’s Bargain Outlet by 5.8% in the 2nd quarter. Lazard Asset Management LLC now owns 2,508 shares of the company’s stock worth $330,000 after purchasing an additional 138 shares in the last quarter. Finally, Madison Asset Management LLC lifted its holdings in Ollie’s Bargain Outlet by 0.6% in the 4th quarter. Madison Asset Management LLC now owns 23,222 shares of the company’s stock worth $2,545,000 after purchasing an additional 149 shares in the last quarter.

Ollie’s Bargain Outlet Stock Performance

NASDAQ OLLI opened at $78.71 on Friday. Ollie’s Bargain Outlet has a 52 week low of $60.29 and a 52 week high of $140.54. The stock’s 50 day moving average price is $73.17 and its two-hundred day moving average price is $88.48. The stock has a market capitalization of $4.76 billion, a price-to-earnings ratio of 19.43, a PEG ratio of 1.40 and a beta of 0.46.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly 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. Ollie’s Bargain Outlet had a net margin of 9.13% and a return on equity of 13.43%. The company had revenue of $658.93 million during the quarter, compared to analysts’ expectations of $661.65 million. During the same period last year, the business earned $0.75 EPS. The business’s quarterly revenue was up 14.2% on a year-over-year basis. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. On average, equities research analysts forecast that Ollie’s Bargain Outlet will post 4.45 EPS for the current year.

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.