Ollie’s Bargain Outlet (NASDAQ:OLLI) Updates FY 2026 Earnings Guidance

Ollie’s Bargain Outlet (NASDAQ:OLLI) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 4.450-4.550 for the period, compared to the consensus earnings per share estimate of 4.520. The company issued revenue guidance of $3.0 billion-$3.0 billion, compared to the consensus revenue estimate of $3.0 billion.

Ollie’s Bargain Outlet Stock Down 6.6%

Ollie’s Bargain Outlet stock opened at $74.47 on Friday. The business’s 50-day simple moving average is $86.38 and its 200 day simple moving average is $103.00. The stock has a market cap of $4.52 billion, a price-to-earnings ratio of 18.39, a P/E/G ratio of 1.40 and a beta of 0.46. Ollie’s Bargain Outlet has a 12-month low of $73.32 and a 12-month high of $141.74.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings results on Wednesday, June 3rd. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.04. Ollie’s Bargain Outlet had a return on equity of 13.43% and a net margin of 9.13%.The business had revenue of $658.93 million for the quarter, compared to analysts’ expectations of $661.65 million. During the same quarter last year, the business earned $0.75 earnings per share. The firm’s quarterly revenue was up 14.2% compared to the same quarter last year. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. As a group, sell-side analysts expect that Ollie’s Bargain Outlet will post 4.48 EPS for the current year.

Analyst Upgrades and Downgrades

OLLI has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. reduced their target price on Ollie’s Bargain Outlet from $163.00 to $152.00 and set an “overweight” rating on the stock in a report on Monday, April 13th. Royal Bank Of Canada reduced their target price on Ollie’s Bargain Outlet from $153.00 to $152.00 and set an “outperform” rating on the stock in a report on Wednesday, May 27th. Jefferies Financial Group upgraded Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and raised their target price for the stock from $120.00 to $130.00 in a report on Thursday, April 2nd. Citigroup reduced their target price on Ollie’s Bargain Outlet from $141.00 to $111.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Finally, Morgan Stanley reduced their target price on Ollie’s Bargain Outlet from $120.00 to $108.00 and set an “equal weight” rating on the stock in a report on Thursday. Fourteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.13.

Insider Buying and Selling at Ollie’s Bargain Outlet

In other news, Chairman John W. Swygert sold 5,231 shares of Ollie’s Bargain Outlet stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $92.09, for a total transaction of $481,722.79. Following the transaction, the chairman owned 48,200 shares in the company, valued at $4,438,738. The trade was a 9.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 12,459 shares of company stock worth $1,149,218. Insiders own 0.75% of the company’s stock.

Key Stories Impacting Ollie’s Bargain Outlet

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

• Positive Sentiment: Ollie’s beat Q1 EPS estimates, with earnings of $0.91 per share versus $0.87 expected, while revenue rose 14% year over year and comparable sales increased 1.7%, showing continued demand and healthy operating momentum. Ollie’s Bargain Outlet Holdings, Inc. Announces First Quarter Fiscal 2026 Results
• Positive Sentiment: Management raised its fiscal 2026 EPS outlook to $4.45-$4.55, reinforcing confidence in the company’s growth and margin trajectory after the quarter. Ollie’s Bargain Outlet Holdings Inc (OLLI) Q1 2026 Earnings Call Highlights: Strong Growth Amid …
• Positive Sentiment: Loop Capital reaffirmed a buy rating and set a $135 price target, suggesting substantial upside from current levels. Loop Capital rating update
• Positive Sentiment: Gordon Haskett also reiterated an accumulate rating, though it trimmed its target to $90, indicating continued analyst support after the results. Gordon Haskett rating update
• Neutral Sentiment: UBS lowered its price target to $87 from $125 and kept a neutral rating, reflecting caution around the stock’s near-term setup despite the earnings beat. UBS price target cut
• Neutral Sentiment: Some coverage noted the stock was slipping even after the earnings beat, suggesting investors may be taking profits or focusing on valuation and broader market uncertainty. GuruFocus article

Hedge Funds Weigh In On Ollie’s Bargain Outlet

Institutional investors have recently modified their holdings of the business. Moore Capital Management LP bought a new position in shares of Ollie’s Bargain Outlet during the 2nd quarter valued at about $317,000. Merit Financial Group LLC lifted its holdings in shares of Ollie’s Bargain Outlet by 24.5% during the 3rd quarter. Merit Financial Group LLC now owns 2,350 shares of the company’s stock valued at $302,000 after purchasing an additional 463 shares in the last quarter. Vident Advisory LLC lifted its holdings in shares of Ollie’s Bargain Outlet by 9.8% during the 2nd quarter. Vident Advisory LLC now owns 2,272 shares of the company’s stock valued at $299,000 after purchasing an additional 203 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new position in shares of Ollie’s Bargain Outlet during the 3rd quarter valued at about $286,000. Finally, Evolve Private Wealth LLC bought a new position in shares of Ollie’s Bargain Outlet during the 4th quarter valued at about $227,000.

About Ollie’s Bargain Outlet

Ollie’s Bargain Outlet is an American discount retailer specializing in closeout merchandise and surplus inventory across a broad range of categories. The company operates a no-frills retail format that offers branded and private-label products at significant markdowns. Its merchandise mix typically includes housewares, electronics, health and beauty items, food products, beauty supplies, books, toys, and seasonal goods.

Founded in 1982 by Oliver E. “Ollie” Rosenberg, the company is headquartered in Harrisburg, Pennsylvania.