Ollie’s Bargain Outlet (NASDAQ:OLLI) Upgraded by Jefferies Financial Group to Buy Rating

Jefferies Financial Group upgraded shares of Ollie’s Bargain Outlet (NASDAQ:OLLI) from a hold rating to a buy rating in a report issued on Thursday morning, MarketBeat reports. Jefferies Financial Group currently has $130.00 target price on the stock, up from their previous target price of $120.00.

OLLI has been the subject of a number of other reports. Loop Capital upgraded Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and increased their price target for the stock from $130.00 to $135.00 in a report on Monday, December 22nd. Truist Financial set a $135.00 price objective on Ollie’s Bargain Outlet in a research note on Friday, March 13th. Citigroup cut their target price on Ollie’s Bargain Outlet from $150.00 to $141.00 and set a “buy” rating on the stock in a research report on Thursday, December 11th. Wells Fargo & Company upgraded Ollie’s Bargain Outlet from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $120.00 to $130.00 in a report on Friday, March 13th. Finally, Morgan Stanley dropped their price target on Ollie’s Bargain Outlet from $130.00 to $120.00 and set an “equal weight” rating on the stock in a research note on Friday, March 13th. Fourteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Ollie’s Bargain Outlet has a consensus rating of “Moderate Buy” and a consensus price target of $141.14.

Ollie’s Bargain Outlet Stock Performance

Shares of NASDAQ OLLI opened at $95.22 on Thursday. The company’s 50 day moving average price is $105.38 and its 200-day moving average price is $115.80. Ollie’s Bargain Outlet has a 52-week low of $88.44 and a 52-week high of $141.74. The company has a market capitalization of $5.80 billion, a P/E ratio of 24.42, a price-to-earnings-growth ratio of 1.60 and a beta of 0.59.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings data on Thursday, March 12th. The company reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.01. The company had revenue of $779.26 million during the quarter, compared to analysts’ expectations of $783.72 million. Ollie’s Bargain Outlet had a net margin of 9.08% and a return on equity of 13.18%. Ollie’s Bargain Outlet’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.19 earnings per share. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.400-4.500 EPS. Analysts forecast that Ollie’s Bargain Outlet will post 3.29 earnings per share for the current year.

Insider Buying and Selling at Ollie’s Bargain Outlet

In other news, Chairman John W. Swygert sold 5,231 shares of the company’s stock in a transaction dated Tuesday, March 31st. The shares were 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 represents a 9.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 10,255 shares of company stock worth $956,384 in the last quarter. 0.75% of the stock is currently owned by corporate insiders.

Institutional Trading of Ollie’s Bargain Outlet

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Pembroke Management LTD grew its position in Ollie’s Bargain Outlet by 9.7% in the 3rd quarter. Pembroke Management LTD now owns 101,061 shares of the company’s stock valued at $12,976,000 after purchasing an additional 8,942 shares during the period. New York State Common Retirement Fund increased its stake in Ollie’s Bargain Outlet by 63.9% during the 3rd quarter. New York State Common Retirement Fund now owns 104,385 shares of the company’s stock valued at $13,403,000 after purchasing an additional 40,705 shares in the last quarter. GSA Capital Partners LLP acquired a new position in Ollie’s Bargain Outlet during the third quarter worth $1,672,000. Rheos Capital Works Inc. raised its holdings in Ollie’s Bargain Outlet by 10.4% during the third quarter. Rheos Capital Works Inc. now owns 213,000 shares of the company’s stock worth $27,349,000 after buying an additional 20,000 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in shares of Ollie’s Bargain Outlet by 315.4% in the third quarter. SG Americas Securities LLC now owns 29,771 shares of the company’s stock valued at $3,823,000 after buying an additional 22,604 shares in the last quarter.

Ollie’s Bargain Outlet News Summary

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

• Positive Sentiment: Jefferies upgraded OLLI from Hold to Buy and raised its price target to $130, citing market position, traffic-driven model and long?term unit growth potential — a direct catalyst for buyer interest. Ollie’s Bargain Outlet upgrade driven by outlet expansion, margin stability
• Positive Sentiment: Wells Fargo added Ollie’s to a tactical list and set a $130 target, framing recent weakness as an entry opportunity — additional institutional support that helps justify the rally. Wells Fargo Adds Ollie’s Bargain Outlet to Tactical List With $130 Target
• Positive Sentiment: Additional bullish coverage (Zacks, Yahoo/UK, MSN) highlights OLLI’s growth attributes, margin stability and membership/traffic momentum — reinforcing the narrative that valuations look attractive versus peers. 2 Reasons to Like OLLI and 1 to Stay Skeptical
• Neutral Sentiment: Local store developments and on?the?ground openings were reported (regional retailer news) — these items support unit growth over time but are not major immediate catalysts for the stock. New Ottumwa retailer opens in former Target building
• Negative Sentiment: Chairman John W. Swygert sold 5,231 shares under a pre?arranged Rule 10b5?1 plan (March 31 filing). While disclosed as planned, insider selling can create short?term caution among some investors. SEC filing: insider sale

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.