Ollie's Bargain Outlet (NASDAQ:OLLI) Shares Climb 3.6% on Analyst Upgrade

Key Points

• Ollie’s shares rose 3.6% after Gordon Haskett upgraded the stock from “Accumulate” to “Buy” and set a $105 price target. Analysts overall rate the stock “Moderate Buy,” with a consensus target of $103.50.
• The company recently authorized an additional $500 million share repurchase program, while comparable-sales trends are reportedly stabilizing and the retailer continues expanding its store base.
• Ollie’s latest quarter exceeded earnings expectations, reporting $1.42 in EPS versus the $1.12 consensus estimate, although revenue of $741.31 million came in slightly below expectations.

Shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Get Free Report) traded up 3.6% on Wednesday after Gordon Haskett upgraded the stock from an accumulate rating to a buy rating. Gordon Haskett now has a $105.00 price target on the stock. Ollie's Bargain Outlet traded as high as $91.46 and last traded at $91.5170. 617,252 shares were traded during trading, a decline of 62% from the average daily volume of 1,644,565 shares. The stock had previously closed at $88.33.

Other research analysts have also recently issued research reports about the company. KeyCorp restated an "overweight" rating on shares of Ollie's Bargain Outlet in a research note on Thursday, September 3rd. UBS Group reduced their price target on Ollie's Bargain Outlet from $87.00 to $85.00 and set a "neutral" rating on the stock in a research note on Thursday, August 27th. Weiss Ratings upgraded Ollie's Bargain Outlet from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, October 8th. JPMorgan Chase & Co. raised their price objective on 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. Finally, The Goldman Sachs Group lowered their price objective 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. Thirteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $103.50.

Key Ollie's Bargain Outlet News

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

• Positive Sentiment: The board authorized an additional $500 million share repurchase program. Buybacks can support earnings per share and signal management’s confidence that the stock is undervalued. Ollie’s Bargain Outlet Announces $500 Million Share Repurchase Authorization
• Positive Sentiment: Gordon Haskett upgraded OLLI from “Accumulate” to “Buy” and set a $105 price target, implying meaningful upside from recent trading levels. Gordon Haskett upgrades Ollie’s Bargain Outlet
• Positive Sentiment: RBC reported that comparable-sales trends are stabilizing and that OLLI’s long-term outlook is improving, reducing concerns about recent retail performance. Ollie’s Comparable-Sales Trends Stabilize
• Positive Sentiment: From a technical perspective, OLLI reclaimed its 200-day moving average after finding support, a signal that may attract momentum-oriented investors and suggest improving long-term trend strength. Ollie’s Reclaims 200-Day Moving Average
• Neutral Sentiment: Ollie’s announced new-store openings in Newark, New York, and Mattoon on October 21. The expansion supports future revenue growth, although the near-term earnings effect is likely limited. Ollie’s Announces Newark Store Grand Opening
• Neutral Sentiment: Options activity was unusually high, with call purchases roughly 457% above typical volume. This indicates bullish speculative interest but does not by itself change the company’s fundamentals.

Institutional Trading of Ollie's Bargain Outlet

Several institutional investors have recently bought and sold shares of OLLI. CENTRAL TRUST Co lifted its holdings in shares of Ollie's Bargain Outlet by 131.6% during the 1st quarter. CENTRAL TRUST Co now owns 477 shares of the company's stock valued at $44,000 after buying an additional 271 shares during the period. Root Financial Partners LLC boosted its stake in shares of Ollie's Bargain Outlet by 190.5% in the 1st quarter. Root Financial Partners LLC now owns 488 shares of the company's stock worth $45,000 after buying an additional 320 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Ollie's Bargain Outlet by 26.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 622 shares of the company's stock worth $53,000 after buying an additional 131 shares during the last quarter. GK Wealth Management LLC bought a new stake in shares of Ollie's Bargain Outlet in the third quarter worth $61,000. Finally, GAMMA Investing LLC grew its holdings in shares of Ollie's Bargain Outlet by 13.2% in the second quarter. GAMMA Investing LLC now owns 1,632 shares of the company's stock worth $125,000 after acquiring an additional 190 shares during the period.

Ollie's Bargain Outlet Stock Up 3.6%

The company has a market cap of $5.44 billion, a P/E ratio of 20.43, a price-to-earnings-growth ratio of 1.43 and a beta of 0.41. The company has a fifty day moving average of $79.06 and a 200 day moving average of $79.50.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last posted its earnings results on Wednesday, September 2nd. The company reported $1.42 earnings per share for the quarter, beating analysts' consensus estimates of $1.12 by $0.30. The company had revenue of $741.31 million for the quarter, compared to the consensus estimate of $747.71 million. Ollie's Bargain Outlet had a return on equity of 14.54% and a net margin of 9.79%. Ollie's Bargain Outlet's revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.99 earnings per share. Ollie's Bargain Outlet has set its FY 2026 guidance at 4.570-4.650 EPS. As a group, research analysts forecast that Ollie's Bargain Outlet Holdings, Inc. will post 4.61 EPS for the current year.

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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