JPMorgan Chase & Co. Issues Positive Forecast for Ollie’s Bargain Outlet (NASDAQ:OLLI) Stock Price

Ollie’s Bargain Outlet (NASDAQ:OLLI) had its price objective raised by analysts at JPMorgan Chase & Co. from $70.00 to $73.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential downside of 6.10% from the company’s current price.

Several other research firms have also commented on OLLI. The Goldman Sachs Group decreased their price objective on shares of Ollie’s Bargain Outlet from $129.00 to $112.00 and set a “buy” rating for the company in a research note on Monday, June 29th. KeyCorp reduced 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 note on Thursday, July 16th. Morgan Stanley decreased their price objective on shares of Ollie’s Bargain Outlet from $120.00 to $108.00 and set an “equal weight” rating for the company in a report on Thursday, June 4th. Truist Financial reduced their target price on shares of Ollie’s Bargain Outlet from $112.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Finally, Loop Capital reaffirmed a “buy” rating and set a $135.00 price objective on shares of Ollie’s Bargain Outlet in a report on Thursday, June 4th. Thirteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $110.20.

Ollie’s Bargain Outlet Stock Performance

Shares of Ollie’s Bargain Outlet stock traded up $2.81 on Tuesday, hitting $77.74. The company had a trading volume of 254,096 shares, compared to its average volume of 1,601,698. Ollie’s Bargain Outlet has a 1 year low of $60.29 and a 1 year high of $140.54. The stock has a 50 day moving average of $73.12 and a 200-day moving average of $87.48. The stock has a market capitalization of $4.70 billion, a price-to-earnings ratio of 19.19, a P/E/G ratio of 1.35 and a beta of 0.46.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly 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 business had revenue of $658.93 million during the quarter, compared to the consensus estimate of $661.65 million. Ollie’s Bargain Outlet had a return on equity of 13.43% and a net margin of 9.13%.Ollie’s Bargain Outlet’s revenue was up 14.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.75 earnings per share. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. Equities analysts anticipate that Ollie’s Bargain Outlet will post 4.45 earnings per share for the current year.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

Several institutional investors have recently modified their holdings of OLLI. Cornerstone Planning Group LLC raised its stake in shares of Ollie’s Bargain Outlet by 218.8% during the fourth quarter. Cornerstone Planning Group LLC now owns 255 shares of the company’s stock worth $27,000 after acquiring an additional 175 shares in the last quarter. Allworth Financial LP increased its holdings in shares of Ollie’s Bargain Outlet by 301.8% in the third quarter. Allworth Financial LP now owns 221 shares of the company’s stock worth $28,000 after buying an additional 166 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Ollie’s Bargain Outlet by 49.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 279 shares of the company’s stock valued at $31,000 after acquiring an additional 92 shares during the last quarter. CENTRAL TRUST Co boosted its holdings in Ollie’s Bargain Outlet by 131.6% during the 1st quarter. CENTRAL TRUST Co now owns 477 shares of the company’s stock valued at $44,000 after acquiring an additional 271 shares during the period. Finally, Root Financial Partners LLC boosted its holdings in Ollie’s Bargain Outlet by 190.5% during the 1st quarter. Root Financial Partners LLC now owns 488 shares of the company’s stock valued at $45,000 after acquiring an additional 320 shares during the period.

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.