Citigroup Cuts Ollie’s Bargain Outlet (NASDAQ:OLLI) Price Target to $100.00

Ollie’s Bargain Outlet (NASDAQ:OLLI) had its price target cut by Citigroup from $111.00 to $100.00 in a report released on Wednesday,Benzinga reports. They currently have a buy rating on the stock.

OLLI has been the topic of several other research reports. Wells Fargo & Company lowered their target price on shares of Ollie’s Bargain Outlet from $115.00 to $100.00 and set an “overweight” rating on the stock in a research note on Monday, August 17th. UBS Group set a $80.00 target price on shares of Ollie’s Bargain Outlet in a research report on Thursday, July 9th. Weiss Ratings downgraded shares of Ollie’s Bargain Outlet from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, July 16th. JPMorgan Chase & Co. boosted their price target on shares of Ollie’s Bargain Outlet from $70.00 to $73.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 18th. Finally, KeyCorp dropped their price objective on shares of 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. Thirteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Ollie’s Bargain Outlet has an average rating of “Moderate Buy” and an average price target of $107.29.

Ollie’s Bargain Outlet Price Performance

Shares of Ollie’s Bargain Outlet stock opened at $72.42 on Wednesday. The stock has a market capitalization of $4.38 billion, a P/E ratio of 17.88, a PEG ratio of 1.26 and a beta of 0.46. The business has a 50 day simple moving average of $72.20 and a two-hundred day simple moving average of $85.51. Ollie’s Bargain Outlet has a 12 month low of $60.29 and a 12 month high of $139.21.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings results on Wednesday, June 3rd. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. Ollie’s Bargain Outlet had a return on equity of 13.43% and a net margin of 9.13%.The firm had revenue of $658.93 million for the quarter, compared to analyst estimates of $661.65 million. During the same period in the previous year, the company posted $0.75 earnings per share. The business’s revenue 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. As a group, research analysts anticipate that Ollie’s Bargain Outlet will post 4.44 EPS for the current fiscal year.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OLLI. BlackRock Inc. acquired a new stake in shares of Ollie’s Bargain Outlet in the 2nd quarter worth $430,204,000. California State Teachers Retirement System raised its holdings in shares of Ollie’s Bargain Outlet by 7,370.7% during the 2nd quarter. California State Teachers Retirement System now owns 5,491,385 shares of the company’s stock worth $422,178,000 after acquiring an additional 5,417,879 shares during the period. Wasatch Advisors LP boosted its position in shares of Ollie’s Bargain Outlet by 45.9% during the 2nd quarter. Wasatch Advisors LP now owns 4,362,067 shares of the company’s stock valued at $335,356,000 after acquiring an additional 1,371,744 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Ollie’s Bargain Outlet by 17.2% in the third quarter. Invesco Ltd. now owns 2,992,848 shares of the company’s stock valued at $384,282,000 after purchasing an additional 440,243 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Ollie’s Bargain Outlet by 315.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,707,117 shares of the company’s stock valued at $187,117,000 after purchasing an additional 1,296,672 shares during the period.

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.