Citigroup Cuts Ollie’s Bargain Outlet (NASDAQ:OLLI) Price Target to $98.00

Ollie’s Bargain Outlet (NASDAQ:OLLI) had its target price reduced by Citigroup from $100.00 to $98.00 in a research note released on Friday,Benzinga reports. Citigroup currently has a buy rating on the stock.

Other equities research analysts have also issued reports about the company. Piper Sandler set a $98.00 price target on Ollie’s Bargain Outlet in a research report on Thursday. The Goldman Sachs Group cut their price objective on Ollie’s Bargain Outlet from $112.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday. Craig Hallum restated a “buy” rating and set a $120.00 target price on shares of Ollie’s Bargain Outlet in a report on Thursday. Morgan Stanley lowered their target price on Ollie’s Bargain Outlet from $108.00 to $98.00 and set an “equal weight” rating for the company in a research note on Thursday. Finally, Wells Fargo & Company set a $98.00 price target on Ollie’s Bargain Outlet in a report on Thursday. 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, the company currently has a consensus rating of “Moderate Buy” and an average target price of $102.43.

Ollie’s Bargain Outlet Stock Performance

Shares of Ollie’s Bargain Outlet stock opened at $76.57 on Friday. The stock has a market capitalization of $4.55 billion, a price-to-earnings ratio of 17.09, a P/E/G ratio of 1.27 and a beta of 0.50. The firm’s 50-day moving average price is $72.37 and its two-hundred day moving average price is $83.93. 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 posted its earnings results on Wednesday, September 2nd. The company reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.30. Ollie’s Bargain Outlet had a net margin of 9.79% and a return on equity of 14.54%. The company had revenue of $741.31 million during the quarter, compared to analysts’ expectations of $747.71 million. During the same quarter in the previous year, the company posted $0.99 earnings per share. Ollie’s Bargain Outlet’s quarterly revenue was up 9.1% compared to the same quarter last year. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.570-4.650 EPS. As a group, equities research analysts predict that Ollie’s Bargain Outlet will post 4.61 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of Ollie’s Bargain Outlet in the 2nd quarter valued at $430,204,000. California State Teachers Retirement System lifted its stake in shares of Ollie’s Bargain Outlet by 7,370.7% during the second quarter. California State Teachers Retirement System now owns 5,491,385 shares of the company’s stock valued at $422,178,000 after acquiring an additional 5,417,879 shares during the period. Wasatch Advisors LP lifted its stake in shares of Ollie’s Bargain Outlet by 45.9% during the second quarter. Wasatch Advisors LP now owns 4,362,067 shares of the company’s stock valued at $335,356,000 after acquiring an additional 1,371,744 shares during the period. Invesco Ltd. boosted its holdings in Ollie’s Bargain Outlet by 17.2% in the third quarter. Invesco Ltd. now owns 2,992,848 shares of the company’s stock valued at $384,282,000 after acquiring an additional 440,243 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in Ollie’s Bargain Outlet by 315.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,707,117 shares of the company’s stock valued at $187,117,000 after acquiring an additional 1,296,672 shares during the last quarter.

Key Headlines Impacting Ollie’s Bargain Outlet

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

• Positive Sentiment: Ollie’s reported second-quarter adjusted EPS of $1.42, exceeding the $1.12 analyst consensus and rising from $0.99 a year earlier. Revenue increased 9.1% year over year to $741.3 million, while tariff refunds helped lift profitability. OLLI Q2 Earnings Beat Estimates on Tariff Refunds, Sales Miss
• Positive Sentiment: The company raised its fiscal 2026 adjusted EPS outlook to $4.57–$4.65, above the prior outlook and broadly ahead of analyst expectations. Ollie’s Raises Earnings Outlook on Tariff Refunds Despite Sluggish Sales
• Positive Sentiment: Analysts remain broadly constructive. Citi, Goldman Sachs, Piper Sandler, Wells Fargo and RBC maintained positive ratings, with targets generally implying meaningful upside; RBC raised its target to $124 and Jefferies maintained a Buy rating.
• Positive Sentiment: Management plans to invest $15 million in lower prices, which could strengthen Ollie’s value proposition, support traffic and improve competitiveness in the discount retail market. Ollie’s Bargain Outlets will plow $15M into lower prices
• Neutral Sentiment: Several firms lowered their price targets following the earnings report—Goldman Sachs to $100, Citi and Morgan Stanley to $98, Piper Sandler to $100, and Wells Fargo to $90—while retaining Buy, Overweight or Equal Weight ratings. The revisions suggest improved valuation discipline despite continued confidence in the business.
• Negative Sentiment: Revenue fell short of expectations, and sluggish comparable-store sales prompted a more cautious sales outlook. The planned price reductions may also pressure near-term margins if increased customer traffic does not offset lower prices.

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.