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

Ollie’s Bargain Outlet (NASDAQ:OLLI) had its price objective reduced by The Goldman Sachs Group from $112.00 to $100.00 in a research note released on Thursday,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the stock.

Several other equities analysts also recently commented on OLLI. KeyCorp restated an “overweight” rating on shares of Ollie’s Bargain Outlet in a research note on Thursday. Citigroup dropped their price objective on shares of Ollie’s Bargain Outlet from $111.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, August 26th. Royal Bank Of Canada boosted their price objective on shares of Ollie’s Bargain Outlet from $121.00 to $124.00 and gave the company an “outperform” rating in a report on Thursday. UBS Group lowered their target price on shares of Ollie’s Bargain Outlet from $87.00 to $85.00 and set a “neutral” rating on the stock in a report on Thursday, August 27th. Finally, Piper Sandler set a $98.00 price target on shares of Ollie’s Bargain Outlet in a research report on Thursday. Thirteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $102.43.

Ollie’s Bargain Outlet Price Performance

OLLI opened at $76.57 on Thursday. The business has a fifty day simple moving average of $72.37 and a 200 day simple moving average of $84.13. Ollie’s Bargain Outlet has a 1 year low of $60.29 and a 1 year high of $139.21. The company has a market capitalization of $4.55 billion, a PE ratio of 17.09, a price-to-earnings-growth ratio of 1.22 and a beta of 0.50.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted 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. 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 for the quarter, compared to analysts’ expectations of $747.71 million. During the same quarter last year, the business earned $0.99 EPS. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.570-4.650 EPS. Equities analysts anticipate that Ollie’s Bargain Outlet will post 4.61 earnings per share 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 stock. Integrated Wealth Concepts LLC raised its position in shares of Ollie’s Bargain Outlet by 28.0% in the 1st quarter. Integrated Wealth Concepts LLC now owns 2,815 shares of the company’s stock valued at $328,000 after buying an additional 615 shares in the last quarter. Jones Financial Companies Lllp boosted its position in shares of Ollie’s Bargain Outlet by 993.4% during the 1st quarter. Jones Financial Companies Lllp now owns 2,154 shares of the company’s stock worth $251,000 after acquiring an additional 1,957 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Ollie’s Bargain Outlet by 42.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 446,277 shares of the company’s stock worth $51,929,000 after acquiring an additional 133,537 shares in the last quarter. Empowered Funds LLC bought a new position in Ollie’s Bargain Outlet in the first quarter valued at approximately $359,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Ollie’s Bargain Outlet by 12.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 183,412 shares of the company’s stock valued at $21,342,000 after acquiring an additional 19,837 shares during the last quarter.

Trending Headlines about Ollie’s Bargain Outlet

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

• Positive Sentiment: Ollie’s reported second-quarter adjusted EPS of $1.42, exceeding the $1.12 analyst consensus and rising from $0.99 a year earlier. Revenue increased 9.1% year over year to $741.3 million, while tariff refunds helped lift profitability. OLLI Q2 Earnings Beat Estimates on Tariff Refunds, Sales Miss
• Positive Sentiment: The company raised its fiscal 2026 adjusted EPS outlook to $4.57–$4.65, above the prior outlook and broadly ahead of analyst expectations. Ollie’s Raises Earnings Outlook on Tariff Refunds Despite Sluggish Sales
• Positive Sentiment: Analysts remain broadly constructive. Citi, Goldman Sachs, Piper Sandler, Wells Fargo and RBC maintained positive ratings, with targets generally implying meaningful upside; RBC raised its target to $124 and Jefferies maintained a Buy rating.
• Positive Sentiment: Management plans to invest $15 million in lower prices, which could strengthen Ollie’s value proposition, support traffic and improve competitiveness in the discount retail market. Ollie’s Bargain Outlets will plow $15M into lower prices
• Neutral Sentiment: Several firms lowered their price targets following the earnings report—Goldman Sachs to $100, Citi and Morgan Stanley to $98, Piper Sandler to $100, and Wells Fargo to $90—while retaining Buy, Overweight or Equal Weight ratings. The revisions suggest improved valuation discipline despite continued confidence in the business.
• Negative Sentiment: Revenue fell short of expectations, and sluggish comparable-store sales prompted a more cautious sales outlook. The planned price reductions may also pressure near-term margins if increased customer traffic does not offset lower prices.

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.