Ollie’s Bargain Outlet (NASDAQ:OLLI) Issues FY 2026 Earnings Guidance

Ollie’s Bargain Outlet (NASDAQ:OLLI) updated its FY 2026 earnings guidance on Wednesday. The company provided earnings per share guidance of 4.570-4.650 for the period, compared to the consensus earnings per share estimate of 4.520. The company issued revenue guidance of $2.9 billion-$2.9 billion, compared to the consensus revenue estimate of $3.0 billion.

Ollie’s Bargain Outlet Stock Performance

OLLI opened at $73.69 on Friday. The firm’s fifty day moving average is $72.28 and its two-hundred day moving average is $84.19. The firm has a market cap of $4.45 billion, a PE ratio of 16.45, a price-to-earnings-growth ratio of 1.28 and a beta of 0.50. Ollie’s Bargain Outlet has a twelve month low of $60.29 and a twelve month high of $139.21.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings results on Wednesday, September 2nd. The company reported $1.42 earnings per share for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $747.71 million. During the same period last year, the firm posted $0.99 earnings per share. The business’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. Equities analysts forecast that Ollie’s Bargain Outlet will post 4.53 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on OLLI shares. KeyCorp reaffirmed an “overweight” rating on shares of Ollie’s Bargain Outlet in a research note on Thursday. JPMorgan Chase & Co. boosted their target price on Ollie’s Bargain Outlet from $70.00 to $73.00 and gave the company a “neutral” rating in a research note on Tuesday, August 18th. UBS Group lowered their price target on Ollie’s Bargain Outlet from $87.00 to $85.00 and set a “neutral” rating for the company in a report on Thursday, August 27th. Loop Capital reaffirmed a “buy” rating and set a $135.00 price target on shares of Ollie’s Bargain Outlet in a research report on Thursday, June 4th. Finally, Gordon Haskett reissued an “accumulate” rating and set a $90.00 target price (down from $100.00) on shares of Ollie’s Bargain Outlet in a research note on Thursday, June 4th. Thirteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $102.57.

More Ollie’s Bargain Outlet News

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

• Positive Sentiment: Second-quarter adjusted EPS was $1.42, well above analyst estimates of approximately $1.12-$1.14 and up from $0.99 a year earlier. Revenue rose 9.1% year over year to $741.3 million, despite falling short of the $747.7 million consensus estimate. OLLI Q2 Earnings Top Estimates
• Positive Sentiment: Ollie’s raised fiscal 2026 adjusted EPS guidance to $4.57-$4.65, above the approximately $4.52 analyst consensus. Tariff refunds helped boost gross margins and contributed to the earnings outperformance. Ollie’s Raises Earnings Outlook
• Positive Sentiment: Royal Bank of Canada raised its price target to $124 and maintained an “outperform” rating. Jefferies also maintained a “buy” rating, while Goldman Sachs, Piper Sandler and Wells Fargo retained bullish ratings with $90-$100 targets. Analysts Revise Forecasts
• Neutral Sentiment: The company plans to invest $15 million to lower prices, a move intended to improve customer value and traffic but potentially limiting near-term margin expansion. Ollie’s to Invest in Lower Prices
• Negative Sentiment: Comparable-store sales declined 1.8%, and the company’s fiscal 2026 revenue outlook of approximately $2.928-$2.941 billion is below Wall Street expectations near $3.0 billion. Goldman Sachs, Piper Sandler, Morgan Stanley and Wells Fargo all reduced their price targets, signaling caution about sales momentum and consumer demand.

Institutional Trading of Ollie’s Bargain Outlet

Several hedge funds and other institutional investors have recently modified their holdings of the company. Wasatch Advisors LP lifted its holdings in shares of Ollie’s Bargain Outlet by 1.2% in the second quarter. Wasatch Advisors LP now owns 4,062,147 shares of the company’s stock valued at $535,310,000 after purchasing an additional 49,603 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Ollie’s Bargain Outlet by 17.2% during the third quarter. Invesco Ltd. now owns 2,992,848 shares of the company’s stock worth $384,282,000 after buying an additional 440,243 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Ollie’s Bargain Outlet by 3.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,199,525 shares of the company’s stock valued at $131,478,000 after buying an additional 34,702 shares during the last quarter. Ameriprise Financial Inc. raised its position in Ollie’s Bargain Outlet by 15.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,095,419 shares of the company’s stock valued at $140,654,000 after buying an additional 144,649 shares during the last quarter. Finally, Balyasny Asset Management L.P. bought a new stake in Ollie’s Bargain Outlet in the 3rd quarter valued at approximately $136,152,000.

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.