Zacks Research Issues Pessimistic Outlook for OLLI Earnings

Key Points

• Zacks Research lowered Ollie’s Q3 FY2027 EPS estimate to $0.76 from $0.83 and reduced several longer-term forecasts, including FY2028 EPS to $4.87 and FY2029 EPS to $5.32, signaling weaker expected earnings momentum.
• Ollie’s latest quarter exceeded expectations on earnings, reporting $1.42 EPS versus the $1.12 consensus, but revenue of $741.31 million fell short of estimates and comparable-store weakness remains a concern.
• Analyst sentiment remains moderately bullish, with 13 Buy ratings and four Holds and an average price target of $102.43, although several firms recently cut their targets; shares opened at $73.40, well below their 52-week high of $139.21.

Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) - Zacks Research cut their Q3 2027 earnings estimates for shares of Ollie's Bargain Outlet in a research report issued on Tuesday, September 15th. Zacks Research analyst Team now expects that the company will earn $0.76 per share for the quarter, down from their prior forecast of $0.83. The consensus estimate for Ollie's Bargain Outlet's current full-year earnings is $4.60 per share. Zacks Research also issued estimates for Ollie's Bargain Outlet's Q4 2027 earnings at $1.53 EPS, FY2027 earnings at $4.62 EPS, Q1 2028 earnings at $1.00 EPS, Q2 2028 earnings at $1.22 EPS, Q3 2028 earnings at $0.95 EPS, Q4 2028 earnings at $1.70 EPS, FY2028 earnings at $4.87 EPS, Q1 2029 earnings at $1.10 EPS, Q2 2029 earnings at $1.33 EPS and FY2029 earnings at $5.32 EPS.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last released its quarterly earnings results on Wednesday, September 2nd. The company reported $1.42 earnings per share for the quarter, topping 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 company had revenue of $741.31 million for the quarter, compared to analysts' expectations of $747.71 million. During the same period in the previous year, the business posted $0.99 earnings per share. The business's quarterly 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.

Other analysts have also recently issued reports about the company. Morgan Stanley reduced their target price on Ollie's Bargain Outlet from $108.00 to $98.00 and set an "equal weight" rating on the stock in a report on Thursday, September 3rd. The Goldman Sachs Group decreased their target price on Ollie's Bargain Outlet from $112.00 to $100.00 and set a "buy" rating for the company in a research report on Thursday, September 3rd. Piper Sandler set a $98.00 price objective on shares of Ollie's Bargain Outlet in a research note on Thursday, September 3rd. Wells Fargo & Company set a $98.00 target price on Ollie's Bargain Outlet in a research report on Thursday, September 3rd. Finally, 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. Thirteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $102.43.

Ollie's Bargain Outlet Stock Down 4.7%

Shares of Ollie's Bargain Outlet stock opened at $73.40 on Wednesday. The company's fifty day moving average is $72.60 and its 200 day moving average is $82.23. Ollie's Bargain Outlet has a twelve month low of $60.29 and a twelve month high of $139.21. The stock has a market cap of $4.36 billion, a price-to-earnings ratio of 16.38, a P/E/G ratio of 1.27 and a beta of 0.50.

Institutional Trading of Ollie's Bargain Outlet

Several hedge funds and other institutional investors have recently modified their holdings of the business. Tidal Investments LLC boosted its holdings in shares of Ollie's Bargain Outlet by 35.8% in the 2nd quarter. Tidal Investments LLC now owns 241,268 shares of the company's stock worth $18,549,000 after purchasing an additional 63,607 shares in the last quarter. WINTON GROUP Ltd raised its holdings in 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 buying an additional 21,437 shares during the last quarter. Engineers Gate Manager LP boosted its holdings in shares of Ollie's Bargain Outlet by 176.4% during the second quarter. Engineers Gate Manager LP now owns 33,639 shares of the company's stock worth $2,586,000 after purchasing an additional 21,467 shares during the period. NewEdge Advisors LLC grew its position in shares of Ollie's Bargain Outlet by 39.9% in the 2nd quarter. NewEdge Advisors LLC now owns 6,285 shares of the company's stock worth $483,000 after buying an additional 1,794 shares during the last quarter. Finally, IFP Advisors Inc increased its position in Ollie's Bargain Outlet by 2,589.8% during the 2nd quarter. IFP Advisors Inc now owns 10,275 shares of the company's stock valued at $790,000 after purchasing an additional 9,893 shares during the period.

Ollie's Bargain Outlet News Roundup

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

• Positive Sentiment: Zacks Research raised its FY2027 EPS estimate to $4.62 from $4.52, slightly above the current consensus estimate of $4.60. However, this improvement was limited and was offset by broader estimate reductions.
• Neutral Sentiment: Zacks highlighted Ollie’s as a strong momentum stock based on its Style Scores, potentially supporting investor interest, although the article is a general factor-based commentary rather than a company-specific earnings update. Here’s Why Ollie’s Bargain Outlet Is a Strong Momentum Stock
• Neutral Sentiment: A separate Zacks analysis identified Ollie’s as a long-term value stock, which may appeal to value-oriented investors, but it provided no new operating or financial catalyst. Why Ollie’s Bargain Outlet Is a Top Value Stock for the Long Term
• Negative Sentiment: Zacks cut EPS estimates across multiple future periods, including Q3 FY2027 to $0.76 from $0.83, FY2028 to $4.87 from $5.12, and FY2029 to $5.32 from $5.81. Estimates were also reduced for Q1–Q4 FY2028 and Q1–Q2 FY2029. The broad downward revisions suggest analysts see weaker-than-expected earnings momentum, which is likely contributing to the stock’s decreased performance.

Ollie's Bargain Outlet Company Profile

Ollie's Bargain Outlet Holdings, Inc operates a chain of value-oriented retail stores under the Ollie's Bargain Outlet name. The company purchases closeout, excess, overstock, discontinued and salvage merchandise from manufacturers, distributors and other retailers, allowing it to offer products at discounted prices.

Its merchandise assortment typically includes housewares, food, hardware, toys, seasonal goods, apparel, health and personal-care products, books, flooring and other home-related items.

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