Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Stock Has Consensus Target Price of $106.13 According to Analysts

Key Points

• Analysts rate Ollie’s a “Moderate Buy”: Thirteen of 17 covering brokerages recommend buying, while four rate it a hold; the average 12-month price target is $106.13.
• Latest quarterly results were mixed: Earnings per share of $1.42 beat expectations of $1.12, but revenue of $741.31 million fell short of estimates; sales rose 9.1% year over year.
• Several institutional investors increased their holdings in the third quarter, including Marshall Wace, which opened a position valued at about $34.1 million.

Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Get Free Report) has received a consensus rating of "Moderate Buy" from the seventeen brokerages that are currently covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $106.13.

A number of research analysts have recently commented on OLLI shares. Gordon Haskett upgraded Ollie's Bargain Outlet from an "accumulate" rating to a "buy" rating and set a $105.00 price target for the company in a research note on Tuesday, October 13th. Truist Financial raised their price objective on Ollie's Bargain Outlet from $80.00 to $85.00 and gave the company a "buy" rating in a report on Thursday, September 3rd. UBS Group reduced their price objective on Ollie's Bargain Outlet from $87.00 to $85.00 and set a "neutral" rating on the stock in a research report on Thursday, August 27th. The Goldman Sachs Group lowered their target price on Ollie's Bargain Outlet from $112.00 to $100.00 and set a "buy" rating for the company in a report on Thursday, September 3rd. Finally, Citigroup dropped their target price on Ollie's Bargain Outlet from $100.00 to $98.00 and set a "buy" rating for the company in a research report on Friday, September 4th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in OLLI. Marshall Wace LLP bought a new position in shares of Ollie's Bargain Outlet during the third quarter valued at $34,145,000. PEAK6 LLC lifted its holdings in shares of Ollie's Bargain Outlet by 2,089.5% during the third quarter. PEAK6 LLC now owns 62,422 shares of the company's stock worth $5,346,000 after purchasing an additional 59,571 shares during the period. First Trust Advisors LP lifted its holdings in shares of Ollie's Bargain Outlet by 90.9% during the third quarter. First Trust Advisors LP now owns 64,000 shares of the company's stock worth $5,482,000 after purchasing an additional 30,466 shares during the period. Stephens Investment Management Group LLC lifted its holdings in shares of Ollie's Bargain Outlet by 8.0% during the third quarter. Stephens Investment Management Group LLC now owns 1,496,940 shares of the company's stock worth $128,213,000 after purchasing an additional 111,293 shares during the period. Finally, Landscape Capital Management L.L.C. lifted its holdings in shares of Ollie's Bargain Outlet by 650.0% during the third quarter. Landscape Capital Management L.L.C. now owns 132,403 shares of the company's stock worth $11,340,000 after purchasing an additional 114,749 shares during the period.

Ollie's Bargain Outlet Stock Performance

Shares of Ollie's Bargain Outlet stock traded down $0.01 during midday trading on Friday, hitting $94.76. 1,119,169 shares of the company traded hands, compared to its average volume of 1,423,938. The stock has a market cap of $5.63 billion, a price-to-earnings ratio of 21.15, a PEG ratio of 1.57 and a beta of 0.36. The firm's fifty day moving average price is $86.21 and its 200-day moving average price is $86.31. Ollie's Bargain Outlet has a 12 month low of $60.29 and a 12 month high of $126.63.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last issued 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 net margin of 9.79% and a return on equity of 14.54%. The business had revenue of $741.31 million during the quarter, compared to the consensus estimate of $747.71 million. During the same quarter in the prior year, the firm 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. Equities research analysts forecast that Ollie's Bargain Outlet will post 4.61 earnings per share for the current year.

About Ollie's Bargain Outlet

Ollie's Bargain Outlet Holdings, Inc. operates Ollie's Bargain Outlet, a U.S. discount retailer that sells brand-name merchandise at value-oriented prices. Its stores offer a changing assortment of products, including housewares, food, books, toys, flooring, seasonal goods, electronics, health and beauty products, and apparel. The company's closeout-focused buying model allows it to offer merchandise acquired from manufacturers and other suppliers, including excess inventory and discontinued products.

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