Piper Sandler Reaffirms Overweight Rating for Ollie’s Bargain Outlet (NASDAQ:OLLI)

Ollie’s Bargain Outlet (NASDAQ:OLLI)‘s stock had its “overweight” rating reaffirmed by investment analysts at Piper Sandler in a report released on Thursday, Benzinga reports. They presently have a $100.00 price objective on the stock, down from their previous price objective of $113.00. Piper Sandler’s price objective indicates a potential upside of 35.39% from the company’s previous close.

Other research analysts have also recently issued reports about the company. Royal Bank Of Canada boosted their target price on Ollie’s Bargain Outlet from $121.00 to $124.00 and gave the company an “outperform” rating in a research note on Thursday. UBS Group decreased their price objective on Ollie’s Bargain Outlet from $87.00 to $85.00 and set a “neutral” rating for the company in a research report on Thursday, August 27th. Gordon Haskett restated an “accumulate” rating and set a $90.00 target price (down from $100.00) on shares of Ollie’s Bargain Outlet in a report on Thursday, June 4th. Weiss Ratings lowered shares of Ollie’s Bargain Outlet from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, July 16th. Finally, Citigroup reduced their price target on shares of Ollie’s Bargain Outlet from $111.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, August 26th. Thirteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $102.57.

Ollie’s Bargain Outlet Price Performance

Shares of Ollie’s Bargain Outlet stock traded down $0.01 during trading on Thursday, hitting $73.86. 1,301,860 shares of the company were exchanged, compared to its average volume of 1,624,420. The firm has a market capitalization of $4.46 billion, a P/E ratio of 18.21, a price-to-earnings-growth ratio of 1.28 and a beta of 0.50. The firm’s fifty day moving average price is $72.23 and its 200 day moving average price is $84.47. Ollie’s Bargain Outlet has a 1-year low of $60.29 and a 1-year high of $139.21.

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, topping the consensus estimate of $1.12 by $0.30. The business had revenue of $741.31 million for the quarter, compared to analyst estimates of $747.71 million. Ollie’s Bargain Outlet had a net margin of 9.13% and a return on equity of 13.43%. Ollie’s Bargain Outlet’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.99 EPS. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.570-4.650 EPS. As a group, equities research analysts anticipate that Ollie’s Bargain Outlet will post 4.44 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Allworth Financial LP grew its position in Ollie’s Bargain Outlet by 301.8% during the third quarter. Allworth Financial LP now owns 221 shares of the company’s stock worth $28,000 after buying an additional 166 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in 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 worth $31,000 after acquiring an additional 92 shares in the last quarter. CENTRAL TRUST Co increased its position in Ollie’s Bargain Outlet by 131.6% during the 1st quarter. CENTRAL TRUST Co now owns 477 shares of the company’s stock worth $44,000 after purchasing an additional 271 shares in the last quarter. Root Financial Partners LLC boosted its position in Ollie’s Bargain Outlet by 190.5% in the first quarter. Root Financial Partners LLC now owns 488 shares of the company’s stock valued at $45,000 after buying an additional 320 shares in the last quarter. Finally, Quarry LP acquired a new position in shares of Ollie’s Bargain Outlet during the third quarter worth $55,000.

Key Stories Impacting Ollie’s Bargain Outlet

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

• Positive Sentiment: Profit beat and raised EPS outlook: Second-quarter adjusted EPS was $1.42, well above the roughly $1.12-$1.14 analyst consensus and up from $0.99 a year earlier. Ollie’s raised fiscal 2026 adjusted EPS guidance to $4.57-$4.65, above the $4.52 consensus. Tariff refunds helped lift margins and profitability. Ollie’s second-quarter fiscal 2026 results
• Positive Sentiment: Continued store expansion: Net sales rose 9.1% year over year, the company opened 15 stores, and Ollie’s Army membership increased 12.7%. Management is targeting 75 new stores for fiscal 2026, supporting longer-term revenue growth. Fiscal 2026 sales and store targets
• Positive Sentiment: Lower prices may strengthen traffic: Ollie’s plans to invest $15 million in lower prices, a move intended to improve its value proposition and attract cost-conscious shoppers. Ollie’s lower-price investment
• Neutral Sentiment: Analyst views remain broadly constructive but mixed: RBC raised its target to $124 and retained an outperform rating, while Jefferies remained a buy. Wells Fargo cut its target to $90 but kept an overweight rating, and Morgan Stanley lowered its target to $98 with an equal-weight rating.
• Negative Sentiment: Sales momentum lagged expectations: Second-quarter revenue of $741.3 million missed the approximately $747.7 million consensus, while same-store sales declined 1.8%. The company’s fiscal 2026 sales outlook of roughly $2.9 billion-$2.94 billion is below the approximately $3.0 billion analyst expectation. Investors may also view tariff refunds as a potentially temporary earnings benefit. OLLI second-quarter earnings analysis

Ollie’s Bargain Outlet Company Profile

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.