Citigroup Lowers Ollie’s Bargain Outlet (NASDAQ:OLLI) Price Target to $98.00

Ollie’s Bargain Outlet (NASDAQ:OLLI) had its target price dropped by investment analysts at Citigroup from $100.00 to $98.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s price target suggests a potential upside of 28.21% from the company’s previous close.

Several other equities analysts have also recently issued reports on the stock. Weiss Ratings cut shares of Ollie’s Bargain Outlet from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, July 16th. The Goldman Sachs Group dropped their target price on shares of Ollie’s Bargain Outlet from $112.00 to $100.00 and set a “buy” rating for the company in a report on Thursday. Gordon Haskett reissued an “accumulate” rating and issued a $90.00 price objective (down from $100.00) on shares of Ollie’s Bargain Outlet in a research report on Thursday, June 4th. KeyCorp reiterated an “overweight” rating on shares of Ollie’s Bargain Outlet in a research note on Thursday. Finally, Loop Capital restated a “buy” rating and issued a $135.00 target price on shares of Ollie’s Bargain Outlet in a report on Thursday, June 4th. Thirteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $102.43.

Ollie’s Bargain Outlet Price Performance

Shares of NASDAQ:OLLI traded up $2.75 during trading on Friday, hitting $76.44. 647,168 shares of the company were exchanged, compared to its average volume of 1,626,461. The firm’s 50 day moving average price is $72.28 and its 200-day moving average price is $84.19. Ollie’s Bargain Outlet has a 12-month low of $60.29 and a 12-month high of $139.21. The stock has a market capitalization of $4.62 billion, a P/E ratio of 17.06, a PEG ratio of 1.28 and a beta of 0.50.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its earnings results on Wednesday, September 2nd. The company reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.30. Ollie’s Bargain Outlet had a return on equity of 14.54% and a net margin of 9.79%.The firm had revenue of $741.31 million during the quarter, compared to analysts’ expectations of $747.71 million. During the same period in the prior year, the firm earned $0.99 EPS. The business’s revenue was up 9.1% on a year-over-year basis. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.570-4.650 EPS. As a group, equities research analysts anticipate that Ollie’s Bargain Outlet will post 4.53 EPS for the current year.

Institutional Trading of Ollie’s Bargain Outlet

Several large investors have recently modified their holdings of the business. Jupiter Topco LLC bought a new position in Ollie’s Bargain Outlet during the second quarter worth $2,066,000. TimesSquare Capital Management LLC grew its position in Ollie’s Bargain Outlet by 42.7% in the 4th quarter. TimesSquare Capital Management LLC now owns 246,235 shares of the company’s stock valued at $26,990,000 after buying an additional 73,633 shares in the last quarter. Capital World Investors lifted its position in Ollie’s Bargain Outlet by 76.5% in the fourth quarter. Capital World Investors now owns 695,464 shares of the company’s stock worth $76,230,000 after purchasing an additional 301,332 shares during the period. Stephens Investment Management Group LLC grew its holdings in Ollie’s Bargain Outlet by 32.8% during the first quarter. Stephens Investment Management Group LLC now owns 1,126,255 shares of the company’s stock worth $103,661,000 after acquiring an additional 277,870 shares during the period. Finally, Dynamic Technology Lab Private Ltd raised its holdings in shares of Ollie’s Bargain Outlet by 168.4% in the 4th quarter. Dynamic Technology Lab Private Ltd now owns 28,133 shares of the company’s stock worth $3,084,000 after purchasing an additional 17,653 shares in the last quarter.

Key Headlines Impacting Ollie’s Bargain Outlet

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

• Positive Sentiment: Ollie’s reported adjusted earnings of $1.42 per share, exceeding the $1.12 consensus estimate. Revenue increased 9.1% year over year to $741.3 million, while tariff refunds helped support margins and profitability. OLLI Q2 Earnings Beat Estimates on Tariff Refunds, Sales Miss
• Positive Sentiment: The company raised fiscal 2026 adjusted EPS guidance to $4.57-$4.65, above the approximately $4.52 analyst consensus. Management also plans to open roughly 75 new stores, supporting its longer-term expansion strategy. Ollie’s Raises Earnings Outlook on Tariff Refunds Despite Sluggish Sales
• Positive Sentiment: Ollie’s will invest $15 million to lower prices, potentially improving its value proposition for budget-conscious shoppers. RBC raised its target to $124 and reiterated an outperform rating, while Jefferies maintained a buy rating. Ollie’s Bargain Outlets will plow $15M into lower prices
• Neutral Sentiment: Analysts remain broadly constructive, but estimates were mixed: Goldman Sachs, Piper Sandler, Morgan Stanley and Wells Fargo reduced their targets to $100, $100, $98 and $90, respectively, while retaining positive or neutral ratings.
• Negative Sentiment: Second-quarter revenue fell short of expectations, same-store sales declined 1.8%, and the company’s roughly $2.93 billion fiscal 2026 revenue outlook is below the approximately $3.0 billion consensus. The higher earnings forecast also benefits from temporary tariff refunds, creating questions about the durability of margin gains. Ollie’s Bargain Outlet Stock Is Not Yet A Bargain Given Cautious Consumers

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.