Loop Capital Reaffirms Buy Rating for Ollie’s Bargain Outlet (NASDAQ:OLLI)

Ollie’s Bargain Outlet (NASDAQ:OLLI)‘s stock had its “buy” rating reaffirmed by equities research analysts at Loop Capital in a report released on Thursday,Benzinga reports. They presently have a $135.00 target price on the stock. Loop Capital’s price target suggests a potential upside of 76.91% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the stock. Royal Bank Of Canada dropped their price target on shares of Ollie’s Bargain Outlet from $153.00 to $152.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 27th. Truist Financial set a $135.00 price target on shares of Ollie’s Bargain Outlet in a research note on Friday, March 13th. The Goldman Sachs Group set a $129.00 price target on shares of Ollie’s Bargain Outlet in a research report on Thursday. Morgan Stanley set a $108.00 price target on shares of Ollie’s Bargain Outlet in a research report on Thursday. Finally, KeyCorp set a $140.00 price target on shares of Ollie’s Bargain Outlet in a research report on Wednesday. Fourteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $126.67.

Ollie’s Bargain Outlet Stock Down 4.3%

Shares of OLLI stock traded down $3.43 during mid-day trading on Thursday, hitting $76.31. 639,131 shares of the stock were exchanged, compared to its average volume of 1,384,400. The firm has a fifty day moving average of $86.76 and a 200 day moving average of $103.35. Ollie’s Bargain Outlet has a 52-week low of $73.32 and a 52-week high of $141.74. The company has a market cap of $4.63 billion, a PE ratio of 19.55, a price-to-earnings-growth ratio of 1.39 and a beta of 0.46.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its earnings results on Wednesday, June 3rd. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.04. Ollie’s Bargain Outlet had a net margin of 9.08% and a return on equity of 13.18%. The business had revenue of $658.93 million for the quarter, compared to analyst estimates of $661.65 million. During the same period in the prior year, the company posted $0.75 EPS. The company’s revenue for the quarter was up 14.2% on a year-over-year basis. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. Equities analysts predict that Ollie’s Bargain Outlet will post 4.48 EPS for the current year.

Insider Buying and Selling at Ollie’s Bargain Outlet

In related news, Chairman John W. Swygert sold 5,231 shares of the company’s stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $92.09, for a total transaction of $481,722.79. Following the completion of the transaction, the chairman owned 48,200 shares in the company, valued at $4,438,738. This represents a 9.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 12,459 shares of company stock worth $1,149,218. 0.75% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. NewEdge Advisors LLC raised its position in shares of Ollie’s Bargain Outlet by 618.6% during the 1st quarter. NewEdge Advisors LLC now owns 4,491 shares of the company’s stock worth $413,000 after purchasing an additional 3,866 shares during the last quarter. Alpine Woods Capital Investors LLC acquired a new stake in Ollie’s Bargain Outlet in the 1st quarter valued at about $205,000. Western Wealth Management LLC acquired a new stake in Ollie’s Bargain Outlet in the 1st quarter valued at about $387,000. Edgestream Partners L.P. acquired a new stake in Ollie’s Bargain Outlet in the 1st quarter valued at about $2,753,000. Finally, Bull Harbor Capital LLC acquired a new stake in Ollie’s Bargain Outlet in the 1st quarter valued at about $218,000.

Ollie’s Bargain Outlet News Summary

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

• Positive Sentiment: The company reported first-quarter EPS of $0.91, topping the $0.87 consensus, while revenue rose 14% year over year to $658.93 million. Management said earnings ahead of expectations and highlighted solid sales growth. Ollie’s Bargain Outlet Holdings, Inc. Announces First Quarter Fiscal 2026 Results
• Positive Sentiment: Ollie’s Bargain Outlet raised its fiscal 2026 EPS outlook to $4.45-$4.55, signaling confidence in continued profit growth after the strong quarter. Ollie’s Bargain Outlet Lifts Outlook as 1Q Profit, Sales Rise
• Positive Sentiment: Analysts noted the earnings beat and store-opening driven growth, which helped reinforce the bullish case for the retailer. Ollie’s Bargain Outlet: Store Openings Drive Growth (Rating Upgrade)
• Neutral Sentiment: Gordon Haskett reaffirmed its accumulate rating but cut its price target to $90 from $100, suggesting upside remains but expectations have been tempered. Benzinga reference
• Neutral Sentiment: Revenue came in slightly below the Wall Street estimate, which partially offset the earnings beat and may limit near-term enthusiasm. MarketBeat earnings release

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.