JPMorgan Chase & Co. Raises Ollie’s Bargain Outlet (NASDAQ:OLLI) Price Target to $73.00

Ollie’s Bargain Outlet (NASDAQ:OLLI) had its price objective raised by research analysts at JPMorgan Chase & Co. from $70.00 to $73.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential downside of 6.10% from the company’s current price.

Several other brokerages also recently commented on OLLI. Wells Fargo & Company lowered their price objective on shares of Ollie’s Bargain Outlet from $115.00 to $100.00 and set an “overweight” rating for the company in a research note on Monday. The Goldman Sachs Group reduced their price target on Ollie’s Bargain Outlet from $129.00 to $112.00 and set a “buy” rating on the stock in a report on Monday, June 29th. Citigroup cut their price objective on Ollie’s Bargain Outlet from $141.00 to $111.00 and set a “buy” rating on the stock in a research report on Tuesday, May 12th. KeyCorp lowered their price objective on shares of Ollie’s Bargain Outlet from $140.00 to $98.00 and set an “overweight” rating for the company in a report on Thursday, July 16th. Finally, UBS Group set a $80.00 price objective on Ollie’s Bargain Outlet in a research report on Thursday, July 9th. 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.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $110.20.

Ollie’s Bargain Outlet Stock Performance

Shares of NASDAQ OLLI traded up $2.81 during mid-day trading on Tuesday, hitting $77.74. The stock had a trading volume of 254,096 shares, compared to its average volume of 1,601,698. Ollie’s Bargain Outlet has a 1 year low of $60.29 and a 1 year high of $140.54. The business has a 50 day moving average price of $73.12 and a two-hundred day moving average price of $87.48. The firm has a market cap of $4.70 billion, a P/E ratio of 19.19, a price-to-earnings-growth ratio of 1.35 and a beta of 0.46.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings results on Wednesday, June 3rd. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. The company had revenue of $658.93 million during the quarter, compared to analyst estimates of $661.65 million. Ollie’s Bargain Outlet had a net margin of 9.13% and a return on equity of 13.43%. The firm’s revenue was up 14.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.75 EPS. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. Equities research analysts predict that Ollie’s Bargain Outlet will post 4.45 EPS for the current fiscal year.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

Several large investors have recently modified their holdings of OLLI. Thrivent Financial for Lutherans raised its holdings in Ollie’s Bargain Outlet by 0.6% in the second quarter. Thrivent Financial for Lutherans now owns 14,458 shares of the company’s stock worth $1,905,000 after buying an additional 91 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Ollie’s Bargain Outlet by 49.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 279 shares of the company’s stock valued at $31,000 after purchasing an additional 92 shares during the last quarter. Dana Investment Advisors Inc. raised its holdings in shares of Ollie’s Bargain Outlet by 2.5% during the fourth quarter. Dana Investment Advisors Inc. now owns 5,649 shares of the company’s stock valued at $619,000 after purchasing an additional 137 shares during the last quarter. Lazard Asset Management LLC raised its holdings in shares of Ollie’s Bargain Outlet by 5.8% during the second quarter. Lazard Asset Management LLC now owns 2,508 shares of the company’s stock valued at $330,000 after purchasing an additional 138 shares during the last quarter. Finally, Madison Asset Management LLC lifted its position in Ollie’s Bargain Outlet by 0.6% during the fourth quarter. Madison Asset Management LLC now owns 23,222 shares of the company’s stock valued at $2,545,000 after purchasing an additional 149 shares during the period.

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.