Ollie’s Bargain Outlet (NASDAQ:OLLI) Price Target Lowered to $98.00 at Morgan Stanley

Ollie’s Bargain Outlet (NASDAQ:OLLI) had its price target decreased by stock analysts at Morgan Stanley from $108.00 to $98.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s price objective would indicate a potential upside of 36.26% from the company’s current price.

Several other equities analysts also recently weighed in on OLLI. Royal Bank Of Canada lifted their target price on Ollie’s Bargain Outlet from $121.00 to $124.00 and gave the company an “outperform” rating in a research report on Thursday. Loop Capital reaffirmed a “buy” rating and set a $135.00 target price on shares of Ollie’s Bargain Outlet in a research note on Thursday, June 4th. Gordon Haskett reissued an “accumulate” rating and issued a $90.00 price target (down from $100.00) on shares of Ollie’s Bargain Outlet in a research report on Thursday, June 4th. Wells Fargo & Company cut their price objective on Ollie’s Bargain Outlet from $100.00 to $90.00 and set an “overweight” rating on the stock in a research report on Thursday. Finally, The Goldman Sachs Group reduced their price objective on Ollie’s Bargain Outlet from $129.00 to $112.00 and set a “buy” rating on the stock in a research note on Monday, June 29th. Thirteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $105.14.

Ollie’s Bargain Outlet Price Performance

Shares of NASDAQ:OLLI traded down $1.95 during mid-day trading on Thursday, reaching $71.92. 590,224 shares of the company were exchanged, compared to its average volume of 1,620,013. Ollie’s Bargain Outlet has a 1 year low of $60.29 and a 1 year high of $139.21. The firm’s 50-day simple moving average is $72.23 and its 200 day simple moving average is $84.47. The firm has a market cap of $4.35 billion, a price-to-earnings ratio of 17.66, a P/E/G ratio of 1.28 and a beta of 0.50.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings results on Wednesday, September 2nd. The company reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.30. Ollie’s Bargain Outlet had a return on equity of 13.43% and a net margin of 9.13%.The company had revenue of $741.31 million for the quarter, compared to analysts’ expectations of $747.71 million. During the same period in the prior year, the firm earned $0.99 earnings per share. The firm’s revenue was up 9.1% compared to the same quarter last year. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.570-4.650 EPS. On average, research analysts forecast that Ollie’s Bargain Outlet will post 4.44 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in shares of Ollie’s Bargain Outlet during the 2nd quarter worth $430,204,000. California State Teachers Retirement System lifted its stake in shares of Ollie’s Bargain Outlet by 7,370.7% in the second 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. Wasatch Advisors LP boosted its holdings in Ollie’s Bargain Outlet by 45.9% during the second quarter. Wasatch Advisors LP now owns 4,362,067 shares of the company’s stock worth $335,356,000 after buying an additional 1,371,744 shares in the last quarter. Invesco Ltd. boosted its holdings in Ollie’s Bargain Outlet by 17.2% during the third quarter. Invesco Ltd. now owns 2,992,848 shares of the company’s stock worth $384,282,000 after buying an additional 440,243 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in Ollie’s Bargain Outlet by 315.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,707,117 shares of the company’s stock worth $187,117,000 after buying an additional 1,296,672 shares during the period.

Ollie’s Bargain Outlet News Roundup

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

• Positive Sentiment: Second-quarter adjusted EPS was $1.42, well above analyst estimates of roughly $1.12–$1.14 and up from $0.99 a year ago. Revenue rose 9.1% to $741.3 million, while the company opened 15 stores and grew its Ollie’s Army loyalty base 12.7%. Ollie’s second-quarter fiscal 2026 results
• Positive Sentiment: Ollie’s raised fiscal 2026 EPS guidance to $4.57–$4.65, above the $4.52 consensus. Tariff refunds helped the profit outlook, offsetting some pressure from sluggish sales. Ollie’s raises earnings outlook
• Positive Sentiment: Management plans to add approximately 75 stores in fiscal 2026, supporting the company’s longer-term growth strategy. Jefferies maintained a Buy rating, indicating continued confidence in Ollie’s expansion and discount-retail positioning. Ollie’s store growth outlook
• Neutral Sentiment: The consumables category was a relative bright spot, but overall comparable-store sales declined 1.8%, suggesting customers remain selective despite continued demand for bargains. Ollie’s second-quarter category performance
• Negative Sentiment: Fiscal 2026 revenue guidance of approximately $2.928–$2.941 billion remains below the roughly $3.0 billion analyst expectation. The company also plans to invest $15 million to lower prices, which could improve store traffic but weigh on near-term margins. Ollie’s price investment

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.