Ollie's Bargain Outlet (NASDAQ:OLLI) Price Target Raised to $124.00

Key Points

• Royal Bank of Canada raised Ollie’s price target from $121 to $124 and maintained an “outperform” rating, implying 74.39% upside from the prior close. Analysts overall rate the stock “Moderate Buy,” with a consensus target of $105.86.
• Ollie’s reported quarterly EPS of $1.42, exceeding the $1.12 consensus estimate, while revenue rose 9.1% year over year to $741.3 million. The company raised fiscal 2026 EPS guidance to $4.57–$4.65, helped partly by tariff refunds.
• Despite earnings strength, comparable-store sales declined 1.8% and revenue guidance of $2.928–$2.941 billion trails analyst expectations. Management plans to open about 75 stores and invest $15 million in lower prices, which may support traffic but pressure near-term margins.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) had its price objective increased by research analysts at Royal Bank Of Canada from $121.00 to $124.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Royal Bank Of Canada's price target would suggest a potential upside of 74.39% from the stock's previous close.

Several other research analysts also recently issued reports on OLLI. JPMorgan Chase & Co. boosted their price objective on shares of Ollie's Bargain Outlet from $70.00 to $73.00 and gave the stock a "neutral" rating in a report on Tuesday, August 18th. KeyCorp lowered their price target on 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. Citigroup cut their price target on Ollie's Bargain Outlet from $111.00 to $100.00 and set a "buy" rating for the company in a report on Wednesday, August 26th. The Goldman Sachs Group reduced their price objective on Ollie's Bargain Outlet from $129.00 to $112.00 and set a "buy" rating for the company in a research report on Monday, June 29th. Finally, Weiss Ratings cut Ollie's Bargain Outlet from a "hold (c)" rating to a "hold (c-)" rating in a research report on Thursday, July 16th. Thirteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $105.86.

Ollie's Bargain Outlet Stock Performance

Shares of OLLI traded down $2.77 during mid-day trading on Thursday, hitting $71.11. The company's stock had a trading volume of 211,562 shares, compared to its average volume of 1,618,215. Ollie's Bargain Outlet has a one year low of $60.29 and a one year high of $139.21. The firm has a market capitalization of $4.30 billion, a PE ratio of 17.41, a price-to-earnings-growth ratio of 1.28 and a beta of 0.50. The stock's 50-day moving average is $72.23 and its two-hundred day moving average is $84.47.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last announced its earnings results on Wednesday, September 2nd. The company reported $1.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.12 by $0.30. The business had revenue of $741.31 million for the quarter, compared to analyst estimates of $747.71 million. Ollie's Bargain Outlet had a net margin of 9.13% and a return on equity of 13.43%. Ollie's Bargain Outlet's revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous 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. Analysts expect that Ollie's Bargain Outlet will post 4.44 EPS for the current fiscal year.

Hedge Funds Weigh In On Ollie's Bargain Outlet

A number of hedge funds have recently modified their holdings of the stock. VELA Investment Management LLC bought a new position in shares of Ollie's Bargain Outlet during the 2nd quarter worth approximately $1,856,000. Corient Private Wealth LP grew its position in Ollie's Bargain Outlet by 59.3% in the second quarter. Corient Private Wealth LP now owns 6,724 shares of the company's stock valued at $517,000 after acquiring an additional 2,502 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Ollie's Bargain Outlet during the second quarter worth $308,000. California State Teachers Retirement System raised its stake in Ollie's Bargain Outlet by 7,370.7% during the second quarter. California State Teachers Retirement System now owns 5,491,385 shares of the company's stock worth $422,178,000 after acquiring an additional 5,417,879 shares in the last quarter. Finally, AlphaGrep UK Ltd bought a new position in shares of Ollie's Bargain Outlet during the second quarter valued at $393,000.

Key Stories Impacting Ollie's Bargain Outlet

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

• Positive Sentiment: Second-quarter adjusted EPS was $1.42, well above analyst estimates of roughly $1.12–$1.14 and up from $0.99 a year ago. Revenue rose 9.1% to $741.3 million, while the company opened 15 stores and grew its Ollie’s Army loyalty base 12.7%. Ollie's second-quarter fiscal 2026 results
• Positive Sentiment: Ollie’s raised fiscal 2026 EPS guidance to $4.57–$4.65, above the $4.52 consensus. Tariff refunds helped the profit outlook, offsetting some pressure from sluggish sales. Ollie's raises earnings outlook
• Positive Sentiment: Management plans to add approximately 75 stores in fiscal 2026, supporting the company’s longer-term growth strategy. Jefferies maintained a Buy rating, indicating continued confidence in Ollie’s expansion and discount-retail positioning. Ollie's store growth outlook
• Neutral Sentiment: The consumables category was a relative bright spot, but overall comparable-store sales declined 1.8%, suggesting customers remain selective despite continued demand for bargains. Ollie's second-quarter category performance
• Negative Sentiment: Fiscal 2026 revenue guidance of approximately $2.928–$2.941 billion remains below the roughly $3.0 billion analyst expectation. The company also plans to invest $15 million to lower prices, which could improve store traffic but weigh on near-term margins. Ollie's price investment

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.

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