Citigroup Has Lowered Expectations for Ollie's Bargain Outlet (NASDAQ:OLLI) Stock Price

Key Points

• Citigroup lowered its Ollie’s Bargain Outlet price target from $100 to $98 while maintaining a “buy” rating, implying approximately 28% upside from the reported share price.
• Ollie’s shares rose 3.7% to $76.44. The company beat quarterly EPS expectations with $1.42 versus $1.12, while revenue increased 9.1% year over year but fell slightly short of estimates.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and an average price target of $102.43, though several firms have recently reduced targets amid weak same-store sales and concerns that tariff refunds may temporarily support margins.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) had its target price reduced by research analysts at Citigroup from $100.00 to $98.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has a "buy" rating on the stock. Citigroup's target price indicates a potential upside of 28.21% from the stock's current price.

OLLI has been the topic of a number of other research reports. Weiss Ratings downgraded shares of Ollie's Bargain Outlet from a "hold (c)" rating to a "hold (c-)" rating in a research report on Thursday, July 16th. Wells Fargo & Company set a $98.00 price target on shares of Ollie's Bargain Outlet in a research report on Thursday. JPMorgan Chase & Co. boosted their price target on Ollie's Bargain Outlet from $70.00 to $73.00 and gave the stock a "neutral" rating in a report on Tuesday, August 18th. Gordon Haskett reissued an "accumulate" rating and set a $90.00 price objective (down from $100.00) on shares of Ollie's Bargain Outlet in a report on Thursday, June 4th. Finally, Piper Sandler set a $98.00 price objective on Ollie's Bargain Outlet in a report on Thursday. Thirteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $102.43.

Ollie's Bargain Outlet Stock Up 3.7%

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

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last announced its earnings results on Wednesday, September 2nd. The company reported $1.42 EPS for the quarter, beating analysts' consensus estimates of $1.12 by $0.30. The firm had revenue of $741.31 million for the quarter, compared to analysts' expectations of $747.71 million. Ollie's Bargain Outlet had a net margin of 9.79% and a return on equity of 14.54%. The company's quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.99 EPS. Ollie's Bargain Outlet has set its FY 2026 guidance at 4.570-4.650 EPS. Equities research analysts expect that Ollie's Bargain Outlet will post 4.53 EPS for the current fiscal year.

Institutional Trading of Ollie's Bargain Outlet

A number of hedge funds have recently bought and sold shares of the stock. Allworth Financial LP lifted its position in shares of 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 during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Ollie's Bargain Outlet by 49.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 279 shares of the company's stock worth $31,000 after acquiring an additional 92 shares during the period. CENTRAL TRUST Co grew its holdings in Ollie's Bargain Outlet by 131.6% in the first quarter. CENTRAL TRUST Co now owns 477 shares of the company's stock valued at $44,000 after purchasing an additional 271 shares during the period. Root Financial Partners LLC raised its position in Ollie's Bargain Outlet by 190.5% during the first quarter. Root Financial Partners LLC now owns 488 shares of the company's stock worth $45,000 after acquiring an additional 320 shares during the period. Finally, Quarry LP acquired a new position in shares of Ollie's Bargain Outlet during the 3rd quarter worth about $55,000.

Ollie's Bargain Outlet News Roundup

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

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.

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