Ollie’s Bargain Outlet’s (OLLI) “Overweight” Rating Reaffirmed at Piper Sandler

Ollie’s Bargain Outlet (NASDAQ:OLLI)‘s stock had its “overweight” rating restated by Piper Sandler in a research report issued to clients and investors on Thursday, Benzinga reports. They presently have a $100.00 price target on the stock, down from their previous price target of $113.00. Piper Sandler’s target price suggests a potential upside of 35.39% from the stock’s current price.

A number of other equities research analysts have also recently commented on OLLI. Truist Financial increased their target price on Ollie’s Bargain Outlet from $80.00 to $85.00 and gave the company a “buy” rating in a report on Thursday. Citigroup decreased their price target on shares of Ollie’s Bargain Outlet from $111.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, August 26th. Wells Fargo & Company set a $98.00 price objective on shares of Ollie’s Bargain Outlet in a research report on Thursday. JPMorgan Chase & Co. lifted 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 research note on Tuesday, August 18th. Finally, UBS Group reduced their price target on Ollie’s Bargain Outlet from $87.00 to $85.00 and set a “neutral” rating on the stock in a research note on Thursday, August 27th. Thirteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Ollie’s Bargain Outlet has a consensus rating of “Moderate Buy” and a consensus target price of $102.57.

Ollie’s Bargain Outlet Trading Down 0.0%

Shares of OLLI traded down $0.01 during trading hours on Thursday, reaching $73.86. The company had a trading volume of 1,301,860 shares, compared to its average volume of 1,624,420. Ollie’s Bargain Outlet has a 12-month low of $60.29 and a 12-month high of $139.21. The company has a market capitalization of $4.46 billion, a price-to-earnings ratio of 18.21, a PEG ratio of 1.28 and a beta of 0.50. The firm has a 50 day simple moving average of $72.23 and a 200-day simple moving average of $84.47.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings results on Wednesday, September 2nd. The company reported $1.42 EPS for the quarter, topping the consensus estimate 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 business had revenue of $741.31 million for the quarter, compared to analyst estimates of $747.71 million. During the same quarter in the previous year, the company earned $0.99 EPS. The company’s quarterly 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. Sell-side analysts forecast that Ollie’s Bargain Outlet will post 4.44 earnings per share for the current year.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

Institutional investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new position in Ollie’s Bargain Outlet during the second quarter worth $430,204,000. California State Teachers Retirement System increased its position in 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 worth $422,178,000 after purchasing an additional 5,417,879 shares during the period. Wasatch Advisors LP raised its holdings in Ollie’s Bargain Outlet by 45.9% during the 2nd quarter. Wasatch Advisors LP now owns 4,362,067 shares of the company’s stock worth $335,356,000 after purchasing an additional 1,371,744 shares during the last quarter. Invesco Ltd. lifted its position in Ollie’s Bargain Outlet by 17.2% during the 3rd quarter. Invesco Ltd. now owns 2,992,848 shares of the company’s stock valued at $384,282,000 after purchasing an additional 440,243 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Ollie’s Bargain Outlet by 315.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,707,117 shares of the company’s stock valued at $187,117,000 after purchasing an additional 1,296,672 shares during the last quarter.

More Ollie’s Bargain Outlet News

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

• Positive Sentiment: Profit beat and raised EPS outlook: Second-quarter adjusted EPS was $1.42, well above the roughly $1.12-$1.14 analyst consensus and up from $0.99 a year earlier. Ollie’s raised fiscal 2026 adjusted EPS guidance to $4.57-$4.65, above the $4.52 consensus. Tariff refunds helped lift margins and profitability. Ollie’s second-quarter fiscal 2026 results
• Positive Sentiment: Continued store expansion: Net sales rose 9.1% year over year, the company opened 15 stores, and Ollie’s Army membership increased 12.7%. Management is targeting 75 new stores for fiscal 2026, supporting longer-term revenue growth. Fiscal 2026 sales and store targets
• Positive Sentiment: Lower prices may strengthen traffic: Ollie’s plans to invest $15 million in lower prices, a move intended to improve its value proposition and attract cost-conscious shoppers. Ollie’s lower-price investment
• Neutral Sentiment: Analyst views remain broadly constructive but mixed: RBC raised its target to $124 and retained an outperform rating, while Jefferies remained a buy. Wells Fargo cut its target to $90 but kept an overweight rating, and Morgan Stanley lowered its target to $98 with an equal-weight rating.
• Negative Sentiment: Sales momentum lagged expectations: Second-quarter revenue of $741.3 million missed the approximately $747.7 million consensus, while same-store sales declined 1.8%. The company’s fiscal 2026 sales outlook of roughly $2.9 billion-$2.94 billion is below the approximately $3.0 billion analyst expectation. Investors may also view tariff refunds as a potentially temporary earnings benefit. OLLI second-quarter earnings analysis

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.