Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Receives $115.93 Average Price Target from Analysts

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) has earned a consensus recommendation of “Moderate Buy” from the seventeen ratings firms that are currently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $113.1333.

A number of research analysts have issued reports on OLLI shares. Weiss Ratings lowered shares of Ollie’s Bargain Outlet from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday. Piper Sandler set a $114.00 price target on shares of Ollie’s Bargain Outlet in a report on Wednesday, June 3rd. Royal Bank Of Canada cut their price objective on shares of Ollie’s Bargain Outlet from $153.00 to $152.00 and set an “outperform” rating for the company in a research report on Wednesday, May 27th. Citigroup reduced their price objective on shares of Ollie’s Bargain Outlet from $141.00 to $111.00 and set a “buy” rating on the stock in a research note on Tuesday, May 12th. Finally, Loop Capital reiterated a “buy” rating and issued a $135.00 price target on shares of Ollie’s Bargain Outlet in a report on Thursday, June 4th.

Ollie’s Bargain Outlet Stock Down 0.7%

OLLI opened at $66.51 on Monday. Ollie’s Bargain Outlet has a 52 week low of $60.29 and a 52 week high of $141.74. The business has a 50 day moving average price of $75.63 and a two-hundred day moving average price of $93.67. The company has a market cap of $4.02 billion, a PE ratio of 16.42, a P/E/G ratio of 1.18 and a beta of 0.47.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its earnings results on Wednesday, June 3rd. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $658.93 million for the quarter, compared to analyst estimates of $661.65 million. During the same quarter in the prior year, the company earned $0.75 earnings per share. Ollie’s Bargain Outlet’s revenue was up 14.2% compared to the same quarter last year. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. As a group, sell-side analysts expect that Ollie’s Bargain Outlet will post 4.45 EPS for the current fiscal year.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

Large investors have recently bought and sold shares of the stock. Cornerstone Planning Group LLC increased its position in Ollie’s Bargain Outlet by 218.8% during the 4th quarter. Cornerstone Planning Group LLC now owns 255 shares of the company’s stock worth $27,000 after purchasing an additional 175 shares in the last quarter. Allworth Financial LP lifted its position in Ollie’s Bargain Outlet by 301.8% during the third quarter. Allworth Financial LP now owns 221 shares of the company’s stock valued at $28,000 after buying an additional 166 shares in the last quarter. Maseco LLP purchased a new stake in Ollie’s Bargain Outlet during the fourth quarter worth approximately $30,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Ollie’s Bargain Outlet by 49.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 279 shares of the company’s stock worth $31,000 after acquiring an additional 92 shares in the last quarter. Finally, CENTRAL TRUST Co raised its stake in shares of Ollie’s Bargain Outlet by 131.6% in the 1st quarter. CENTRAL TRUST Co now owns 477 shares of the company’s stock valued at $44,000 after acquiring an additional 271 shares during the period.

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.