Ollie’s Bargain Outlet (NASDAQ:OLLI) Upgraded at Gordon Haskett

Gordon Haskett upgraded shares of Ollie’s Bargain Outlet (NASDAQ:OLLI) from an accumulate rating to a buy rating in a report issued on Tuesday, Marketbeat Ratings reports. Gordon Haskett currently has $105.00 target price on the stock.

Other equities analysts have also issued research reports about the stock. Truist Financial raised their price objective on shares of Ollie’s Bargain Outlet from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, September 3rd. Craig Hallum reaffirmed a “buy” rating and issued a $120.00 price objective on shares of Ollie’s Bargain Outlet in a research note on Thursday, September 3rd. Morgan Stanley dropped their target price on shares of 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. UBS Group cut their target price on shares of Ollie’s Bargain Outlet from $87.00 to $85.00 and set a “neutral” rating for the company in a research note on Thursday, August 27th. Finally, The Goldman Sachs Group cut their target price on shares of 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 equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Ollie’s Bargain Outlet currently has a consensus rating of “Moderate Buy” and an average price target of $103.50.

Ollie’s Bargain Outlet Stock Performance

OLLI opened at $95.56 on Tuesday. Ollie’s Bargain Outlet has a one year low of $60.29 and a one year high of $130.40. The stock’s fifty day moving average is $79.70 and its 200-day moving average is $79.56. The company has a market capitalization of $5.68 billion, a PE ratio of 21.33, a P/E/G ratio of 1.54 and a beta of 0.41.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced 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. Ollie’s Bargain Outlet had a return on equity of 14.54% and a net margin of 9.79%. The business had revenue of $741.31 million during the quarter, compared to analyst estimates of $747.71 million. During the same quarter in the prior year, the firm posted $0.99 earnings per share. The company’s revenue was up 9.1% on a year-over-year basis. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.570-4.650 EPS. On average, equities research analysts forecast that Ollie’s Bargain Outlet will post 4.61 EPS for the current fiscal year.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Assenagon Asset Management S.A. lifted its stake in Ollie’s Bargain Outlet by 167.6% during the third quarter. Assenagon Asset Management S.A. now owns 10,938 shares of the company’s stock valued at $937,000 after buying an additional 6,850 shares in the last quarter. GK Wealth Management LLC acquired a new stake in shares of Ollie’s Bargain Outlet during the third quarter valued at approximately $61,000. GAMMA Investing LLC lifted its position in shares of Ollie’s Bargain Outlet by 36.8% in the 3rd quarter. GAMMA Investing LLC now owns 2,232 shares of the company’s stock valued at $191,000 after acquiring an additional 600 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in 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 purchasing an additional 131 shares during the period. Finally, Tidal Investments LLC boosted its stake in 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 during the period.

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.