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

Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) gapped up before the market opened 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 equities analysts have also issued research reports about the stock. Wells Fargo & Company set a $98.00 price target on shares of Ollie’s Bargain Outlet in a report on Thursday, September 3rd. Piper Sandler restated an “overweight” rating on shares of Ollie’s Bargain Outlet in a report on Monday. Weiss Ratings upgraded shares of Ollie’s Bargain Outlet from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday. UBS Group reduced their price objective on shares of 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. Finally, JPMorgan Chase & Co. lifted their target price on shares of Ollie’s Bargain Outlet from $70.00 to $73.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 18th. Thirteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $103.50.

Institutional Investors Weigh In On Ollie’s Bargain Outlet

Several institutional investors and hedge funds have recently made changes to their positions in OLLI. Farther Finance Advisors LLC increased its holdings 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 worth $53,000 after purchasing an additional 131 shares in the last quarter. GAMMA Investing LLC increased its holdings in 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 purchasing an additional 190 shares in the last quarter. Pullen Investment Management LLC lifted its stake in Ollie’s Bargain Outlet by 1.8% in the first quarter. Pullen Investment Management LLC now owns 14,434 shares of the company’s stock valued at $1,329,000 after buying an additional 251 shares during the period. CENTRAL TRUST Co lifted its stake in Ollie’s Bargain Outlet by 131.6% in the first 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. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Ollie’s Bargain Outlet by 7.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,209 shares of the company’s stock worth $387,000 after buying an additional 295 shares in the last quarter.

Ollie’s Bargain Outlet Stock Performance

The stock has a market capitalization of $5.28 billion, a P/E ratio of 19.84, a PEG ratio of 1.41 and a beta of 0.41. The business has a fifty day simple moving average of $78.83 and a 200-day simple moving average of $79.52.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings data on Wednesday, September 2nd. The company reported $1.42 earnings per share 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 analyst estimates of $747.71 million. Ollie’s Bargain Outlet had a net margin of 9.79% and a return on equity of 14.54%. Ollie’s Bargain Outlet’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.99 EPS. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.570-4.650 EPS. On average, sell-side analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 4.61 earnings per share for the current year.

Ollie’s Bargain Outlet Company Profile

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.