Ollie’s Bargain Outlet (NASDAQ:OLLI) Upgraded to Buy at Gordon Haskett

Ollie’s Bargain Outlet (NASDAQ:OLLI) was upgraded by investment analysts at Gordon Haskett from an “accumulate” rating to a “buy” rating in a research report issued on Tuesday, Briefing.com reports. The brokerage presently has a $105.00 price objective on the stock. Gordon Haskett’s target price would suggest a potential upside of 17.97% from the company’s previous close.

Several other equities analysts also recently weighed in on the company. The Goldman Sachs Group reduced their target price on Ollie’s Bargain Outlet from $112.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, September 3rd. Truist Financial raised their target price on shares of Ollie’s Bargain Outlet from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, September 3rd. KeyCorp restated an “overweight” rating on shares of Ollie’s Bargain Outlet in a report on Thursday, September 3rd. Royal Bank Of Canada increased their price target on shares of Ollie’s Bargain Outlet from $121.00 to $124.00 and gave the stock an “outperform” rating in a research note on Thursday, September 3rd. Finally, UBS Group lowered 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. Thirteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $103.50.

Ollie’s Bargain Outlet Stock Up 3.0%

Shares of OLLI traded up $2.57 during mid-day trading on Tuesday, reaching $89.01. 641,842 shares of the company’s stock were exchanged, compared to its average volume of 1,643,114. Ollie’s Bargain Outlet has a 52-week low of $60.29 and a 52-week high of $133.28. The company has a market cap of $5.29 billion, a price-to-earnings ratio of 19.84, a PEG ratio of 1.41 and a beta of 0.41. The company has a 50-day simple moving average of $78.83 and a two-hundred day simple moving average of $79.52.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released 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 company had revenue of $741.31 million for the quarter, compared to analysts’ expectations of $747.71 million. Ollie’s Bargain Outlet had a net margin of 9.79% and a return on equity of 14.54%. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period last year, the company earned $0.99 EPS. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.570-4.650 EPS. As a group, equities research analysts predict that Ollie’s Bargain Outlet will post 4.61 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. BlackRock Inc. acquired a new stake in shares of Ollie’s Bargain Outlet in the second quarter worth $430,204,000. Wasatch Advisors LP lifted its holdings 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 in the last quarter. Dimensional Fund Advisors LP boosted its position in Ollie’s Bargain Outlet by 6.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,272,306 shares of the company’s stock worth $117,098,000 after purchasing an additional 72,781 shares during the period. Stephens Investment Management Group LLC increased its holdings in Ollie’s Bargain Outlet by 32.8% in the 1st quarter. Stephens Investment Management Group LLC now owns 1,126,255 shares of the company’s stock valued at $103,661,000 after purchasing an additional 277,870 shares in the last quarter. Finally, Primecap Management Co. CA acquired a new stake in Ollie’s Bargain Outlet in the 2nd quarter valued at $67,338,000.

Ollie’s Bargain Outlet Company Profile

Ollie’s Bargain Outlet Holdings, Inc operates Ollie’s Bargain Outlet, a U.S. retailer specializing in closeout, excess, and salvage merchandise. Its stores offer a constantly changing selection of brand-name products at discounted prices, with inventory varying based on availability and opportunistic purchasing.

The company’s merchandise generally includes housewares, food, hardware, toys, seasonal goods, books, flooring, apparel, and other consumer products. Ollie’s uses a treasure-hunt-style shopping experience, with stores organized to emphasize value and frequently changing assortments.

Founded in 1982 in Mechanicsburg, Pennsylvania, Ollie’s has expanded into a national retail chain serving customers across numerous U.S.