Piper Sandler reaffirmed their overweight rating on shares of Ollie’s Bargain Outlet (NASDAQ:OLLI – Free Report) in a research report released on Thursday morning, Marketbeat.com reports. Piper Sandler currently has a $100.00 target price on the stock, down from their prior target price of $113.00.
A number of other equities analysts have also recently issued reports on the company. JPMorgan Chase & Co. increased their price target on Ollie’s Bargain Outlet from $70.00 to $73.00 and gave the stock a “neutral” rating in a report on Tuesday, August 18th. Royal Bank Of Canada boosted their target price on shares of Ollie’s Bargain Outlet from $121.00 to $124.00 and gave the company an “outperform” rating in a research report on Thursday. UBS Group cut their target price on shares of 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. Craig Hallum restated a “buy” rating and issued a $120.00 price target on shares of Ollie’s Bargain Outlet in a report on Thursday. Finally, Truist Financial lifted their price target on shares of Ollie’s Bargain Outlet from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday. Thirteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $102.43.
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Ollie’s Bargain Outlet Price Performance
Ollie’s Bargain Outlet (NASDAQ:OLLI – Get Free Report) last released its 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. The business had revenue of $741.31 million during the quarter, compared to analysts’ expectations of $747.71 million. Ollie’s Bargain Outlet had a return on equity of 14.54% and a net margin of 9.79%.The firm’s revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.99 earnings per share. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.570-4.650 EPS. Analysts anticipate that Ollie’s Bargain Outlet will post 4.61 EPS for the current year.
Institutional Investors Weigh In On Ollie’s Bargain Outlet
Several hedge funds and other institutional investors have recently modified their holdings of the company. VELA Investment Management LLC acquired a new position in shares of Ollie’s Bargain Outlet during the second quarter worth approximately $1,856,000. Corient Private Wealth LP grew its position in Ollie’s Bargain Outlet by 59.3% in the 2nd quarter. Corient Private Wealth LP now owns 6,724 shares of the company’s stock valued at $517,000 after purchasing an additional 2,502 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Ollie’s Bargain Outlet in the 2nd quarter valued at $308,000. California State Teachers Retirement System increased 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 in the last quarter. Finally, AlphaGrep UK Ltd bought 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.
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.
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