Ollie’s Bargain Outlet (NASDAQ:OLLI) Price Target Lowered to $98.00 at KeyCorp

Ollie’s Bargain Outlet (NASDAQ:OLLI) had its price target cut by equities research analysts at KeyCorp from $140.00 to $98.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the stock. KeyCorp’s target price suggests a potential upside of 49.71% from the stock’s current price.

A number of other research analysts have also recently commented on OLLI. The Goldman Sachs Group reduced their price target on shares of Ollie’s Bargain Outlet from $129.00 to $112.00 and set a “buy” rating on the stock in a research report on Monday, June 29th. Loop Capital reaffirmed a “buy” rating and issued a $135.00 price objective on shares of Ollie’s Bargain Outlet in a research note on Thursday, June 4th. Jefferies Financial Group raised shares of Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and increased their target price for the company from $120.00 to $130.00 in a report on Thursday, April 2nd. Royal Bank Of Canada decreased their target price on shares of Ollie’s Bargain Outlet from $153.00 to $152.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 27th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $70.00 price target (down from $152.00) on shares of Ollie’s Bargain Outlet in a research note on Wednesday, July 8th. Thirteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $113.13.

Ollie’s Bargain Outlet Stock Down 0.7%

Shares of OLLI stock opened at $65.46 on Thursday. The business has a 50-day moving average price of $76.24 and a two-hundred day moving average price of $94.18. Ollie’s Bargain Outlet has a 12-month low of $60.29 and a 12-month high of $141.74. The firm has a market cap of $3.96 billion, a P/E ratio of 16.16, a price-to-earnings-growth ratio of 1.16 and a beta of 0.47.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data on Wednesday, June 3rd. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.87 by $0.04. The firm 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 13.43% and a net margin of 9.13%.The company’s revenue was up 14.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.75 EPS. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. As a group, research analysts expect that Ollie’s Bargain Outlet will post 4.45 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Integrated Wealth Concepts LLC raised its holdings in shares of Ollie’s Bargain Outlet by 28.0% during the first quarter. Integrated Wealth Concepts LLC now owns 2,815 shares of the company’s stock valued at $328,000 after acquiring an additional 615 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in Ollie’s Bargain Outlet by 993.4% in the first quarter. Jones Financial Companies Lllp now owns 2,154 shares of the company’s stock valued at $251,000 after acquiring an additional 1,957 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Ollie’s Bargain Outlet by 42.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 446,277 shares of the company’s stock valued at $51,929,000 after purchasing an additional 133,537 shares during the period. Empowered Funds LLC purchased a new position in Ollie’s Bargain Outlet during the 1st quarter valued at $359,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Ollie’s Bargain Outlet by 12.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 183,412 shares of the company’s stock worth $21,342,000 after purchasing an additional 19,837 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.