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

Ollie’s Bargain Outlet (NASDAQ:OLLI) had its target price reduced by stock analysts at Wells Fargo & Company from $100.00 to $90.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price indicates a potential upside of 26.57% from the stock’s previous close.

Several other equities analysts have also recently issued reports on OLLI. Citigroup cut their target price on Ollie’s Bargain Outlet from $111.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, August 26th. Truist Financial decreased their price target on Ollie’s Bargain Outlet from $112.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Royal Bank Of Canada upped their price objective on Ollie’s Bargain Outlet from $121.00 to $124.00 and gave the stock an “outperform” rating in a report on Thursday. Weiss Ratings cut Ollie’s Bargain Outlet from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, July 16th. Finally, Loop Capital restated a “buy” rating and set a $135.00 target price on shares of Ollie’s Bargain Outlet in a research report on Thursday, June 4th. Thirteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Ollie’s Bargain Outlet presently has an average rating of “Moderate Buy” and an average target price of $105.86.

Ollie’s Bargain Outlet Trading Down 3.7%

Shares of NASDAQ:OLLI traded down $2.77 during midday trading on Thursday, hitting $71.11. The stock had a trading volume of 211,562 shares, compared to its average volume of 1,618,215. The company has a market capitalization of $4.30 billion, a PE ratio of 17.41, a P/E/G ratio of 1.28 and a beta of 0.50. The stock has a 50 day moving average price of $72.23 and a two-hundred day moving average price of $84.47. Ollie’s Bargain Outlet has a 1 year low of $60.29 and a 1 year high of $139.21.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings results on Wednesday, September 2nd. The company reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.30. The firm had revenue of $741.31 million during the quarter, compared to analysts’ expectations of $747.71 million. Ollie’s Bargain Outlet had a net margin of 9.13% and a return on equity of 13.43%. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.99 earnings per share. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.570-4.650 EPS. As a group, equities analysts expect that Ollie’s Bargain Outlet will post 4.44 EPS for the current year.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

Several hedge funds and other institutional investors have recently bought and sold shares of the company. VELA Investment Management LLC purchased a new stake in Ollie’s Bargain Outlet during the second quarter worth $1,856,000. Corient Private Wealth LP raised its stake in shares of Ollie’s Bargain Outlet by 59.3% during the 2nd quarter. Corient Private Wealth LP now owns 6,724 shares of the company’s stock worth $517,000 after buying an additional 2,502 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Ollie’s Bargain Outlet during the 2nd quarter worth $308,000. California State Teachers Retirement System boosted its position in shares of Ollie’s Bargain Outlet by 7,370.7% in the 2nd quarter. California State Teachers Retirement System now owns 5,491,385 shares of the company’s stock worth $422,178,000 after buying an additional 5,417,879 shares in the last quarter. Finally, AlphaGrep UK Ltd purchased a new stake in shares of Ollie’s Bargain Outlet in the 2nd quarter worth about $393,000.

Ollie’s Bargain Outlet News Summary

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

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.