Ollie's Bargain Outlet (NASDAQ:OLLI) Shares Gap Up on Analyst Upgrade

Key Points

• Gordon Haskett upgraded Ollie’s Bargain Outlet to “buy,” lifting the stock’s price target to $105 from its prior “accumulate” rating. Shares opened at $89.83, up from a previous close of $86.44.
• Analyst sentiment remains favorable, with 13 “buy” ratings and four “hold” ratings, producing a “Moderate Buy” consensus and an average price target of $103.50.
• Ollie’s reported quarterly EPS of $1.42, beating estimates of $1.12, while revenue rose 9.1% year over year to $741.31 million, though it slightly missed revenue expectations.

Shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Get Free Report) gapped up prior to trading on Tuesday after Gordon Haskett upgraded the stock from an accumulate rating to a buy rating. The stock had previously closed at $86.44, but opened at $89.83. Gordon Haskett now has a $105.00 price target on the stock. Ollie's Bargain Outlet shares last traded at $88.5860, with a volume of 310,800 shares trading hands.

Other analysts also recently issued research reports about the stock. JPMorgan Chase & Co. boosted 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 report on Tuesday, August 18th. Craig Hallum reaffirmed a "buy" rating and set a $120.00 target price on shares of Ollie's Bargain Outlet in a report on Thursday, September 3rd. UBS Group lowered their target price on shares of Ollie's Bargain Outlet from $87.00 to $85.00 and set a "neutral" rating on the stock in a report on Thursday, August 27th. Morgan Stanley dropped their price target on shares of Ollie's Bargain Outlet from $108.00 to $98.00 and set an "equal weight" rating for the company in a research report on Thursday, September 3rd. Finally, The Goldman Sachs Group cut their price target on Ollie's Bargain Outlet from $112.00 to $100.00 and set a "buy" rating for the company in a research note on Thursday, September 3rd. 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, the company has an average rating of "Moderate Buy" and an average price target of $103.50.

Institutional Trading of Ollie's Bargain Outlet

A number of institutional investors and hedge funds have recently made changes to their positions in the company. GK Wealth Management LLC acquired a new position in Ollie's Bargain Outlet in the 3rd quarter worth about $61,000. GAMMA Investing LLC raised its position 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 purchasing an additional 600 shares during the last quarter. Farther Finance Advisors LLC raised its position 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 purchasing an additional 131 shares during the last quarter. Tidal Investments LLC boosted its stake in shares of Ollie's Bargain Outlet by 35.8% during the second quarter. Tidal Investments LLC now owns 241,268 shares of the company's stock valued at $18,549,000 after purchasing an additional 63,607 shares in the last quarter. Finally, WINTON GROUP Ltd boosted its stake in shares of Ollie's Bargain Outlet by 46.5% during the second quarter. WINTON GROUP Ltd now owns 67,584 shares of the company's stock valued at $5,196,000 after purchasing an additional 21,437 shares in the last quarter.

Ollie's Bargain Outlet Stock Up 2.8%

The stock has a 50 day moving average price of $78.83 and a 200 day moving average price of $79.52. The stock has a market capitalization of $5.28 billion, a price-to-earnings ratio of 19.84, a price-to-earnings-growth ratio of 1.41 and a beta of 0.41.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last released its quarterly earnings data on Wednesday, September 2nd. The company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.30. The company had revenue of $741.31 million during 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%. The firm's revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior 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. Sell-side analysts forecast that Ollie's Bargain Outlet Holdings, Inc. will post 4.61 earnings per share for the current fiscal 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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