Citigroup Issues Pessimistic Forecast for Ollie’s Bargain Outlet (NASDAQ:OLLI) Stock Price

Ollie’s Bargain Outlet (NASDAQ:OLLI) had its target price reduced by stock analysts at Citigroup from $111.00 to $100.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s price objective indicates a potential upside of 35.01% from the stock’s current price.

Several other analysts have also weighed in on OLLI. Morgan Stanley cut their price objective on Ollie’s Bargain Outlet from $120.00 to $108.00 and set an “equal weight” rating for the company in a report on Thursday, June 4th. 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. The Goldman Sachs Group cut their price target on shares of Ollie’s Bargain Outlet from $129.00 to $112.00 and set a “buy” rating for the company in a report on Monday, June 29th. Royal Bank Of Canada restated an “outperform” rating and set a $121.00 price objective on shares of Ollie’s Bargain Outlet in a research report on Tuesday. Finally, KeyCorp lowered their price objective on shares of Ollie’s Bargain Outlet from $140.00 to $98.00 and set an “overweight” rating on the stock in a research note on Thursday, July 16th. Thirteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $109.47.

Ollie’s Bargain Outlet Trading Down 0.7%

NASDAQ:OLLI traded down $0.54 during midday trading on Wednesday, hitting $74.07. 219,560 shares of the stock were exchanged, compared to its average volume of 1,589,471. Ollie’s Bargain Outlet has a one year low of $60.29 and a one year high of $140.17. The company has a market capitalization of $4.48 billion, a price-to-earnings ratio of 18.29, a P/E/G ratio of 1.35 and a beta of 0.46. The business has a 50-day moving average price of $72.47 and a two-hundred day moving average price of $86.11.

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, beating analysts’ consensus estimates of $0.87 by $0.04. The firm had revenue of $658.93 million during the quarter, compared to analyst estimates of $661.65 million. Ollie’s Bargain Outlet had a return on equity of 13.43% and a net margin of 9.13%.The firm’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period last year, the company posted $0.75 EPS. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. Sell-side analysts forecast that Ollie’s Bargain Outlet will post 4.44 EPS for the current fiscal year.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

Hedge funds have recently modified their holdings of the stock. Cornerstone Planning Group LLC raised its position in shares of Ollie’s Bargain Outlet by 218.8% during the fourth quarter. Cornerstone Planning Group LLC now owns 255 shares of the company’s stock worth $27,000 after purchasing an additional 175 shares during the period. Allworth Financial LP boosted its position in shares of Ollie’s Bargain Outlet by 301.8% in the 3rd quarter. Allworth Financial LP now owns 221 shares of the company’s stock valued at $28,000 after purchasing an additional 166 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of Ollie’s Bargain Outlet by 49.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 279 shares of the company’s stock valued at $31,000 after purchasing an additional 92 shares during the period. CENTRAL TRUST Co increased its stake in Ollie’s Bargain Outlet by 131.6% in the 1st quarter. CENTRAL TRUST Co now owns 477 shares of the company’s stock worth $44,000 after purchasing an additional 271 shares in the last quarter. Finally, Root Financial Partners LLC increased its stake in Ollie’s Bargain Outlet by 190.5% in the 1st quarter. Root Financial Partners LLC now owns 488 shares of the company’s stock worth $45,000 after purchasing an additional 320 shares in the last quarter.

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.