Ollie's Bargain Outlet (NASDAQ:OLLI) Upgraded to "Buy" at Gordon Haskett

Key Points

• Gordon Haskett upgraded Ollie’s Bargain Outlet to “Buy” from “Accumulate” and set a $105 price target, implying approximately 18% upside from the stock’s reported $89.01 price.
• Analyst sentiment remains favorable, with 13 Buy ratings and four Holds producing a consensus “Moderate Buy” rating and an average price target of $103.50.
• Ollie’s reported quarterly EPS of $1.42, exceeding estimates by $0.30, while revenue rose 9.1% year over year to $741.31 million despite missing the consensus revenue forecast.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) was upgraded by Gordon Haskett from an "accumulate" rating to a "buy" rating in a research note issued to investors on Tuesday, Briefing.com reports. The brokerage presently has a $105.00 price target on the stock. Gordon Haskett's price target indicates a potential upside of 17.97% from the stock's current price.

A number of other research firms have also issued reports on OLLI. Royal Bank Of Canada boosted their target price on Ollie's Bargain Outlet from $121.00 to $124.00 and gave the company an "outperform" rating in a report on Thursday, September 3rd. Citigroup decreased their price target on Ollie's Bargain Outlet from $100.00 to $98.00 and set a "buy" rating for the company in a report on Friday, September 4th. JPMorgan Chase & Co. lifted their price objective on shares of Ollie's Bargain Outlet from $70.00 to $73.00 and gave the company a "neutral" rating in a research report on Tuesday, August 18th. Morgan Stanley dropped their price objective 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. Finally, Weiss Ratings raised shares of Ollie's Bargain Outlet from a "hold (c-)" rating to a "hold (c)" rating in a research note on Thursday. Thirteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $103.50.

Ollie's Bargain Outlet Trading Up 3.0%

Shares of NASDAQ OLLI traded up $2.57 during midday trading on Tuesday, reaching $89.01. 641,842 shares of the company were exchanged, compared to its average volume of 1,643,114. The stock has a market cap of $5.29 billion, a P/E ratio of 19.84, a PEG ratio of 1.41 and a beta of 0.41. Ollie's Bargain Outlet has a 1 year low of $60.29 and a 1 year high of $133.28. The stock has a fifty day simple moving average of $78.83 and a 200 day simple moving average of $79.52.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last posted its quarterly earnings data on Wednesday, September 2nd. The company reported $1.42 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $747.71 million. During the same period in the prior year, the business earned $0.99 EPS. The firm's 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. As a group, analysts forecast that Ollie's Bargain Outlet will post 4.61 earnings per share for the current year.

Hedge Funds Weigh In On Ollie's Bargain Outlet

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. GK Wealth Management LLC purchased a new stake in Ollie's Bargain Outlet during the third quarter worth about $61,000. GAMMA Investing LLC increased its holdings in Ollie's Bargain Outlet by 36.8% in the third quarter. GAMMA Investing LLC now owns 2,232 shares of the company's stock valued at $191,000 after buying an additional 600 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in Ollie's Bargain Outlet by 26.7% in the third quarter. Farther Finance Advisors LLC now owns 622 shares of the company's stock valued at $53,000 after buying an additional 131 shares in the last quarter. Tidal Investments LLC lifted its position in shares of Ollie's Bargain Outlet by 35.8% during the 2nd quarter. Tidal Investments LLC now owns 241,268 shares of the company's stock valued at $18,549,000 after acquiring an additional 63,607 shares during the period. Finally, WINTON GROUP Ltd lifted its position in shares of Ollie's Bargain Outlet by 46.5% during the 2nd quarter. WINTON GROUP Ltd now owns 67,584 shares of the company's stock valued at $5,196,000 after acquiring an additional 21,437 shares during the period.

About Ollie's Bargain Outlet

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.

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