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

Posted by Brenda Bartman on Sep 3rd, 2026

Ollie’s Bargain Outlet (NASDAQ:OLLI – Get Free Report) had its price target cut by equities research analysts at Morgan Stanley from $108.00 to $98.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s target price suggests a potential upside of 36.26% from the stock’s current price.

Several other equities analysts have also weighed in on OLLI. UBS Group cut their price target on Ollie’s Bargain Outlet from $87.00 to $85.00 and set a “neutral” rating for the company in a research note on Thursday, August 27th. Royal Bank Of Canada raised their price target on shares of Ollie’s Bargain Outlet from $121.00 to $124.00 and gave the company an “outperform” rating in a research note on Thursday. Loop Capital reaffirmed a “buy” rating and issued a $135.00 price target on shares of Ollie’s Bargain Outlet in a research note on Thursday, June 4th. JPMorgan Chase & Co. increased their target price on shares of Ollie’s Bargain Outlet from $70.00 to $73.00 and gave the company a “neutral” rating in a research report on Tuesday, August 18th. Finally, Piper Sandler set a $100.00 target price on shares of Ollie’s Bargain Outlet 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $105.14.

Read Our Latest Stock Analysis on OLLI

Ollie’s Bargain Outlet Stock Down 2.6%

Shares of Ollie’s Bargain Outlet stock traded down $1.95 on Thursday, reaching $71.92. 590,224 shares of the stock were exchanged, compared to its average volume of 1,620,013. Ollie’s Bargain Outlet has a twelve month low of $60.29 and a twelve month high of $139.21. The firm has a market capitalization of $4.35 billion, a price-to-earnings ratio of 17.66, a PEG ratio of 1.28 and a beta of 0.50. The business has a 50 day moving average price of $72.23 and a two-hundred day moving average price of $84.47.

Ollie’s Bargain Outlet (NASDAQ:OLLI – Get Free Report) last posted its earnings results on Wednesday, September 2nd. The company reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.30. Ollie’s Bargain Outlet had a net margin of 9.13% and a return on equity of 13.43%. The company had revenue of $741.31 million during the quarter, compared to the consensus estimate of $747.71 million. During the same period in the previous year, the firm posted $0.99 earnings per share. The firm’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. Research analysts forecast that Ollie’s Bargain Outlet will post 4.44 EPS for the current year.

Institutional Trading of Ollie’s Bargain Outlet

Several institutional investors have recently made changes to their positions in OLLI. VELA Investment Management LLC acquired a new position in Ollie’s Bargain Outlet in the second quarter valued at approximately $1,856,000. Corient Private Wealth LP increased its stake in Ollie’s Bargain Outlet by 59.3% during the second quarter. Corient Private Wealth LP now owns 6,724 shares of the company’s stock worth $517,000 after acquiring an additional 2,502 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Ollie’s Bargain Outlet during the second quarter worth $308,000. California State Teachers Retirement System increased its stake in Ollie’s Bargain Outlet by 7,370.7% during the second quarter. California State Teachers Retirement System now owns 5,491,385 shares of the company’s stock worth $422,178,000 after acquiring an additional 5,417,879 shares during the last quarter. Finally, AlphaGrep UK Ltd purchased a new stake in Ollie’s Bargain Outlet in the second quarter valued at $393,000.

Key Ollie’s Bargain Outlet News

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

(Get Free Report)

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.