Ollie’s Bargain Outlet (NASDAQ:OLLI) Price Target Lowered to $90.00 at Wells Fargo & Company

Ollie’s Bargain Outlet (NASDAQ:OLLI) had its price target cut by investment analysts at Wells Fargo & Company from $100.00 to $90.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 26.57% from the stock’s current price.

Other analysts have also issued research reports about the company. Morgan Stanley decreased their price objective on Ollie’s Bargain Outlet from $120.00 to $108.00 and set an “equal weight” rating on the stock in a research note on Thursday, June 4th. Gordon Haskett restated an “accumulate” rating and issued a $90.00 target price (down from $100.00) on shares of Ollie’s Bargain Outlet in a report on Thursday, June 4th. KeyCorp decreased their price target on shares of Ollie’s Bargain Outlet from $140.00 to $98.00 and set an “overweight” rating on the stock in a research note on Thursday, July 16th. Royal Bank Of Canada boosted their price objective 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. Finally, Citigroup reduced their price objective on shares of Ollie’s Bargain Outlet from $111.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, August 26th. Thirteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $105.86.

Ollie’s Bargain Outlet Stock Down 3.7%

Shares of Ollie’s Bargain Outlet stock traded down $2.77 during trading on Thursday, hitting $71.11. 211,562 shares of the company were exchanged, compared to its average volume of 1,618,215. Ollie’s Bargain Outlet has a fifty-two week low of $60.29 and a fifty-two week high of $139.21. The stock has a market capitalization of $4.30 billion, a price-to-earnings ratio of 17.41, a P/E/G ratio of 1.28 and a beta of 0.50. The firm has a 50 day moving average price of $72.23 and a 200 day moving average price of $84.47.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its earnings results on Wednesday, September 2nd. The company reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.30. The firm had revenue of $741.31 million for the quarter, compared to analysts’ expectations of $747.71 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 quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.99 EPS. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.570-4.650 EPS. Analysts predict that Ollie’s Bargain Outlet will post 4.44 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of OLLI. Allworth Financial LP boosted its position 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 acquiring an additional 166 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake 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 purchasing an additional 92 shares during the period. Quarry LP purchased a new position in Ollie’s Bargain Outlet during the third quarter worth approximately $55,000. CENTRAL TRUST Co boosted its holdings in shares of Ollie’s Bargain Outlet by 131.6% in the 1st quarter. CENTRAL TRUST Co now owns 477 shares of the company’s stock valued at $44,000 after purchasing an additional 271 shares during the last quarter. Finally, Johnson Financial Group Inc. acquired a new position in shares of Ollie’s Bargain Outlet in the 3rd quarter valued at $62,000.

Key Stories Impacting Ollie’s Bargain Outlet

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

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.