Ollie’s Bargain Outlet (NASDAQ:OLLI) Stock Jumps 3.6% on Analyst Upgrade

Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) shot up 3.6% during trading on Wednesday after Gordon Haskett upgraded the stock from an accumulate rating to a buy rating. Gordon Haskett now has a $105.00 price target on the stock. Ollie’s Bargain Outlet traded as high as $91.46 and last traded at $91.5170. 617,252 shares changed hands during trading, a decline of 62% from the average session volume of 1,644,565 shares. The stock had previously closed at $88.33.

OLLI has been the topic of several other research reports. Morgan Stanley dropped their price target on shares of Ollie’s Bargain Outlet from $108.00 to $98.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 3rd. Weiss Ratings raised shares of Ollie’s Bargain Outlet from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. KeyCorp restated an “overweight” rating on shares of Ollie’s Bargain Outlet in a research note on Thursday, September 3rd. The Goldman Sachs Group reduced their price objective on Ollie’s Bargain Outlet from $112.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, September 3rd. Finally, Citigroup decreased their target price on Ollie’s Bargain Outlet from $100.00 to $98.00 and set a “buy” rating on the stock in a report on Friday, September 4th. Thirteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Ollie’s Bargain Outlet presently has a consensus rating of “Moderate Buy” and an average price target of $103.50.

Ollie’s Bargain Outlet News Summary

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

• Positive Sentiment: The board authorized an additional $500 million share repurchase program. Buybacks can support earnings per share and signal management’s confidence that the stock is undervalued. Ollie’s Bargain Outlet Announces $500 Million Share Repurchase Authorization
• Positive Sentiment: Gordon Haskett upgraded OLLI from “Accumulate” to “Buy” and set a $105 price target, implying meaningful upside from recent trading levels. Gordon Haskett upgrades Ollie’s Bargain Outlet
• Positive Sentiment: RBC reported that comparable-sales trends are stabilizing and that OLLI’s long-term outlook is improving, reducing concerns about recent retail performance. Ollie’s Comparable-Sales Trends Stabilize
• Positive Sentiment: From a technical perspective, OLLI reclaimed its 200-day moving average after finding support, a signal that may attract momentum-oriented investors and suggest improving long-term trend strength. Ollie’s Reclaims 200-Day Moving Average
• Neutral Sentiment: Ollie’s announced new-store openings in Newark, New York, and Mattoon on October 21. The expansion supports future revenue growth, although the near-term earnings effect is likely limited. Ollie’s Announces Newark Store Grand Opening
• Neutral Sentiment: Options activity was unusually high, with call purchases roughly 457% above typical volume. This indicates bullish speculative interest but does not by itself change the company’s fundamentals.

Institutional Investors Weigh In On Ollie’s Bargain Outlet

Several institutional investors and hedge funds have recently modified their holdings of OLLI. BlackRock Inc. bought a new stake in Ollie’s Bargain Outlet in the 2nd quarter valued at $430,204,000. Wasatch Advisors LP boosted its stake in Ollie’s Bargain Outlet by 45.9% during the second quarter. Wasatch Advisors LP now owns 4,362,067 shares of the company’s stock valued at $335,356,000 after buying an additional 1,371,744 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Ollie’s Bargain Outlet by 6.1% during the first quarter. Dimensional Fund Advisors LP now owns 1,272,306 shares of the company’s stock valued at $117,098,000 after buying an additional 72,781 shares during the last quarter. Stephens Investment Management Group LLC grew its holdings in Ollie’s Bargain Outlet by 32.8% during 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 buying an additional 277,870 shares in the last quarter. Finally, Primecap Management Co. CA purchased a new position in Ollie’s Bargain Outlet during the 2nd quarter valued at approximately $67,338,000.

Ollie’s Bargain Outlet Stock Performance

The firm has a fifty day simple moving average of $79.06 and a two-hundred day simple moving average of $79.50. The firm has a market cap of $5.44 billion, a PE ratio of 20.43, a PEG ratio of 1.43 and a beta of 0.41.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its earnings results on Wednesday, September 2nd. The company reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.30. The firm had revenue of $741.31 million during the quarter, compared to analyst estimates of $747.71 million. Ollie’s Bargain Outlet had a net margin of 9.79% and a return on equity of 14.54%. Ollie’s Bargain Outlet’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period last year, the firm posted $0.99 earnings per share. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.570-4.650 EPS. Equities analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 4.61 EPS for the current fiscal year.

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.