Analysts Set Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Target Price at $111.07

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) has been assigned a consensus rating of “Moderate Buy” from the seventeen research firms that are covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $111.0667.

Several research firms have issued reports on OLLI. Loop Capital reissued 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. Citigroup decreased their price target on Ollie’s Bargain Outlet from $141.00 to $111.00 and set a “buy” rating on the stock in a research note on Tuesday, May 12th. Gordon Haskett reiterated an “accumulate” rating and set a $90.00 price target (down from $100.00) on shares of Ollie’s Bargain Outlet in a report on Thursday, June 4th. KeyCorp cut their price objective on Ollie’s Bargain Outlet from $140.00 to $98.00 and set an “overweight” rating for the company in a research report on Thursday, July 16th. 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 report on Wednesday, May 13th.

Ollie’s Bargain Outlet Price Performance

Shares of OLLI stock opened at $81.64 on Friday. The company has a market capitalization of $4.94 billion, a PE ratio of 20.16, a price-to-earnings-growth ratio of 1.44 and a beta of 0.46. The firm’s 50-day moving average is $73.21 and its two-hundred day moving average is $89.00. Ollie’s Bargain Outlet has a 12 month low of $60.29 and a 12 month high of $140.54.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings results on Wednesday, June 3rd. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.04. Ollie’s Bargain Outlet had a net margin of 9.13% and a return on equity of 13.43%. The business had revenue of $658.93 million during the quarter, compared to analysts’ expectations of $661.65 million. During the same quarter in the prior year, the company posted $0.75 EPS. The business’s revenue for the quarter was up 14.2% on a year-over-year basis. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. Sell-side analysts forecast that Ollie’s Bargain Outlet will post 4.45 EPS for the current year.

Institutional Investors Weigh In On Ollie’s Bargain Outlet

A number of institutional investors and hedge funds have recently made changes to their positions in OLLI. Cornerstone Planning Group LLC boosted its position in shares of Ollie’s Bargain Outlet by 218.8% during the 4th quarter. Cornerstone Planning Group LLC now owns 255 shares of the company’s stock worth $27,000 after purchasing an additional 175 shares during the period. Allworth Financial LP lifted its stake in Ollie’s Bargain Outlet by 301.8% during the third quarter. Allworth Financial LP now owns 221 shares of the company’s stock worth $28,000 after purchasing an additional 166 shares in the last quarter. Maseco LLP purchased a new position in shares of Ollie’s Bargain Outlet during the fourth quarter worth $30,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of 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 during the period. Finally, CENTRAL TRUST Co grew its stake in shares of Ollie’s Bargain Outlet by 131.6% in the first quarter. CENTRAL TRUST Co now owns 477 shares of the company’s stock valued at $44,000 after buying an additional 271 shares in the last quarter.

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.