Ollie’s Bargain Outlet (NASDAQ:OLLI) Stock Price Down 5.8% After Analyst Downgrade

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) traded down 5.8% on Thursday after Morgan Stanley lowered their price target on the stock from $120.00 to $108.00. Morgan Stanley currently has an equal weight rating on the stock. Ollie’s Bargain Outlet traded as low as $74.97 and last traded at $75.0950. 1,274,526 shares were traded during mid-day trading, a decline of 8% from the average session volume of 1,390,465 shares. The stock had previously closed at $79.74.

Several other research firms have also recently commented on OLLI. The Goldman Sachs Group set a $129.00 target price on Ollie’s Bargain Outlet in a research note on Thursday. Truist Financial set a $135.00 target price on shares of Ollie’s Bargain Outlet in a research note on Friday, March 13th. Royal Bank Of Canada lowered their price target on shares of Ollie’s Bargain Outlet from $153.00 to $152.00 and set an “outperform” rating for the company in a research report on Wednesday, May 27th. Jefferies Financial Group raised shares of Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and boosted their price target for the stock from $120.00 to $130.00 in a research note on Thursday, April 2nd. Finally, Wells Fargo & Company reduced their price objective on shares of Ollie’s Bargain Outlet from $130.00 to $115.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 13th. Fourteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Ollie’s Bargain Outlet presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.13.

Insiders Place Their Bets

In other Ollie’s Bargain Outlet news, Chairman John W. Swygert sold 5,231 shares of the firm’s stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $92.09, for a total transaction of $481,722.79. Following the transaction, the chairman owned 48,200 shares in the company, valued at approximately $4,438,738. This trade represents a 9.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 12,459 shares of company stock valued at $1,149,218 over the last quarter. Corporate insiders own 0.75% of the company’s stock.

Key Ollie’s Bargain Outlet News

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

• Positive Sentiment: Ollie’s Bargain Outlet delivered a Q1 earnings beat, with sales up 14%, comps rising 1.7%, and margin expansion, reinforcing the strength of its discount retail model. Ollie’s Bargain Outlet Holdings, Inc. Announces First Quarter Fiscal 2026 Results
• Positive Sentiment: Management raised fiscal 2026 earnings guidance, signaling confidence that recent sales momentum and profitability trends can continue. Q1 earnings transcript and report
• Positive Sentiment: Loop Capital reaffirmed a buy rating and set a $135 price target, implying substantial upside from current levels. Loop Capital rating update via Benzinga
• Neutral Sentiment: UBS lowered its price target to $87 from $125 and kept a neutral rating, reflecting a more cautious view on the stock. UBS target cut via Street Insider
• Neutral Sentiment: Gordon Haskett reiterated an accumulate rating but trimmed its target to $90 from $100, suggesting continued support with some valuation caution. Gordon Haskett rating update via Benzinga

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of OLLI. Bessemer Group Inc. raised its position in shares of Ollie’s Bargain Outlet by 25.0% in the third quarter. Bessemer Group Inc. now owns 430 shares of the company’s stock valued at $55,000 after buying an additional 86 shares in the last quarter. Thrivent Financial for Lutherans grew its position in Ollie’s Bargain Outlet by 0.6% during the second quarter. Thrivent Financial for Lutherans now owns 14,458 shares of the company’s stock worth $1,905,000 after buying an additional 91 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Ollie’s Bargain Outlet by 49.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 279 shares of the company’s stock worth $31,000 after buying an additional 92 shares in the last quarter. Huntington National Bank increased its stake in Ollie’s Bargain Outlet by 9.0% during the 3rd quarter. Huntington National Bank now owns 1,145 shares of the company’s stock worth $147,000 after acquiring an additional 95 shares during the period. Finally, State of New Jersey Common Pension Fund D increased its stake in Ollie’s Bargain Outlet by 0.4% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 21,780 shares of the company’s stock worth $2,797,000 after acquiring an additional 97 shares during the period.

Ollie’s Bargain Outlet Stock Performance

The company has a fifty day simple moving average of $86.76 and a two-hundred day simple moving average of $103.35. The stock has a market capitalization of $4.56 billion, a price-to-earnings ratio of 19.31, a PEG ratio of 1.39 and a beta of 0.46.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its earnings results on Wednesday, June 3rd. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.04. The company had revenue of $658.93 million for the quarter, compared to analyst estimates of $661.65 million. Ollie’s Bargain Outlet had a return on equity of 13.18% and a net margin of 9.08%.Ollie’s Bargain Outlet’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.75 EPS. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. As a group, equities analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 4.48 earnings per share 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.