Ollie’s Bargain Outlet (NASDAQ:OLLI) Price Target Lowered to $100.00 at The Goldman Sachs Group

Ollie’s Bargain Outlet (NASDAQ:OLLI) had its target price cut by stock analysts at The Goldman Sachs Group from $112.00 to $100.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. The Goldman Sachs Group’s price target suggests a potential upside of 35.39% from the company’s previous close.

Several other research analysts also recently weighed in on the company. Weiss Ratings downgraded Ollie’s Bargain Outlet from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, July 16th. Citigroup lowered their price target on shares of Ollie’s Bargain Outlet from $111.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, August 26th. Loop Capital reaffirmed a “buy” rating and issued a $135.00 price objective on shares of Ollie’s Bargain Outlet in a report on Thursday, June 4th. UBS Group reduced their price objective on shares of Ollie’s Bargain Outlet from $87.00 to $85.00 and set a “neutral” rating for the company in a research note on Thursday, August 27th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Ollie’s Bargain Outlet from $70.00 to $73.00 and gave the company a “neutral” rating in a report on Tuesday, August 18th. Thirteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $102.57.

Ollie’s Bargain Outlet Price Performance

Shares of Ollie’s Bargain Outlet stock traded down $0.01 on Thursday, hitting $73.86. 1,301,860 shares of the company’s stock traded hands, compared to its average volume of 1,624,420. Ollie’s Bargain Outlet has a one year low of $60.29 and a one year high of $139.21. The company has a fifty day moving average of $72.23 and a two-hundred day moving average of $84.47. The company has a market capitalization of $4.46 billion, a price-to-earnings ratio of 18.21, a price-to-earnings-growth ratio of 1.28 and a beta of 0.50.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings data on Wednesday, September 2nd. The company reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.30. The firm had revenue of $741.31 million for the quarter, compared to the consensus estimate of $747.71 million. Ollie’s Bargain Outlet had a net margin of 9.13% and a return on equity of 13.43%. The business’s revenue was up 9.1% on a year-over-year basis. During the same quarter 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. Equities research analysts anticipate that Ollie’s Bargain Outlet will post 4.44 earnings per share for the current year.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

Institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. bought a new stake in Ollie’s Bargain Outlet during the 2nd quarter worth approximately $430,204,000. California State Teachers Retirement System boosted its holdings in 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 during the period. Wasatch Advisors LP increased its stake in Ollie’s Bargain Outlet by 45.9% in the 2nd quarter. Wasatch Advisors LP now owns 4,362,067 shares of the company’s stock worth $335,356,000 after buying an additional 1,371,744 shares in the last quarter. Invesco Ltd. raised its holdings in Ollie’s Bargain Outlet by 17.2% during the third quarter. Invesco Ltd. now owns 2,992,848 shares of the company’s stock valued at $384,282,000 after acquiring an additional 440,243 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position 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 acquiring an additional 1,296,672 shares in the last quarter.

Ollie’s Bargain Outlet News Roundup

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

• Positive Sentiment: Profit beat and raised EPS outlook: Second-quarter adjusted EPS was $1.42, well above the roughly $1.12-$1.14 analyst consensus and up from $0.99 a year earlier. Ollie’s raised fiscal 2026 adjusted EPS guidance to $4.57-$4.65, above the $4.52 consensus. Tariff refunds helped lift margins and profitability. Ollie’s second-quarter fiscal 2026 results
• Positive Sentiment: Continued store expansion: Net sales rose 9.1% year over year, the company opened 15 stores, and Ollie’s Army membership increased 12.7%. Management is targeting 75 new stores for fiscal 2026, supporting longer-term revenue growth. Fiscal 2026 sales and store targets
• Positive Sentiment: Lower prices may strengthen traffic: Ollie’s plans to invest $15 million in lower prices, a move intended to improve its value proposition and attract cost-conscious shoppers. Ollie’s lower-price investment
• Neutral Sentiment: Analyst views remain broadly constructive but mixed: RBC raised its target to $124 and retained an outperform rating, while Jefferies remained a buy. Wells Fargo cut its target to $90 but kept an overweight rating, and Morgan Stanley lowered its target to $98 with an equal-weight rating.
• Negative Sentiment: Sales momentum lagged expectations: Second-quarter revenue of $741.3 million missed the approximately $747.7 million consensus, while same-store sales declined 1.8%. The company’s fiscal 2026 sales outlook of roughly $2.9 billion-$2.94 billion is below the approximately $3.0 billion analyst expectation. Investors may also view tariff refunds as a potentially temporary earnings benefit. OLLI second-quarter earnings analysis

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.