Ollie’s Bargain Outlet (NASDAQ:OLLI) Receives “Overweight” Rating from Piper Sandler

Piper Sandler restated their overweight rating on shares of Ollie’s Bargain Outlet (NASDAQ:OLLI) in a research report released on Friday morning,Benzinga reports. The brokerage currently has a $128.00 price objective on the stock, down from their prior price objective of $140.00.

Several other brokerages have also recently issued reports on OLLI. Royal Bank Of Canada upped their target price on shares of Ollie’s Bargain Outlet from $147.00 to $155.00 and gave the company an “outperform” rating in a research report on Friday. Citigroup reduced their price objective on Ollie’s Bargain Outlet from $150.00 to $141.00 and set a “buy” rating on the stock in a research note on Thursday, December 11th. Wells Fargo & Company upgraded Ollie’s Bargain Outlet from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $120.00 to $130.00 in a research report on Friday. Morgan Stanley lowered their price objective on Ollie’s Bargain Outlet from $130.00 to $120.00 and set an “equal weight” rating for the company in a research note on Friday. Finally, KeyCorp reiterated an “overweight” rating on shares of Ollie’s Bargain Outlet in a report on Wednesday, December 10th. Thirteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $141.86.

Ollie’s Bargain Outlet Stock Performance

OLLI stock opened at $109.25 on Friday. The firm has a fifty day moving average price of $111.06 and a 200 day moving average price of $119.15. Ollie’s Bargain Outlet has a fifty-two week low of $98.19 and a fifty-two week high of $141.74. The firm has a market cap of $6.70 billion, a PE ratio of 28.01, a price-to-earnings-growth ratio of 1.61 and a beta of 0.53.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings results on Thursday, March 12th. The company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.01. Ollie’s Bargain Outlet had a net margin of 9.08% and a return on equity of 13.38%. The company had revenue of $779.26 million for the quarter, compared to the consensus estimate of $783.72 million. During the same quarter in the prior year, the firm earned $1.19 earnings per share. Ollie’s Bargain Outlet’s revenue was up 16.8% on a year-over-year basis. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.400-4.500 EPS. On average, equities analysts predict that Ollie’s Bargain Outlet will post 3.29 EPS for the current year.

Insiders Place Their Bets

In related news, Chairman John W. Swygert sold 1,126 shares of the stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $112.06, for a total value of $126,179.56. Following the sale, the chairman directly owned 48,200 shares of the company’s stock, valued at $5,401,292. This represents a 2.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.75% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Goldman Sachs Group Inc. increased its holdings in Ollie’s Bargain Outlet by 315.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,707,117 shares of the company’s stock worth $187,117,000 after purchasing an additional 1,296,672 shares during the period. Balyasny Asset Management L.P. purchased a new stake in shares of Ollie’s Bargain Outlet in the 3rd quarter worth $136,152,000. Invesco Ltd. lifted its holdings in shares of Ollie’s Bargain Outlet by 55.5% in the 2nd quarter. Invesco Ltd. now owns 2,552,605 shares of the company’s stock worth $336,382,000 after buying an additional 911,364 shares during the period. Norges Bank bought a new position in shares of Ollie’s Bargain Outlet during the 4th quarter worth $85,845,000. Finally, Hood River Capital Management LLC increased its stake in shares of Ollie’s Bargain Outlet by 165.4% during the second quarter. Hood River Capital Management LLC now owns 1,240,339 shares of the company’s stock valued at $163,452,000 after buying an additional 773,013 shares during the period.

More Ollie’s Bargain Outlet News

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

• Positive Sentiment: Q4 results beat on EPS and showed healthy momentum: EPS of $1.39 (beat by $0.01), comps +3.6% and revenue +16.8% y/y; company set FY2026 EPS guidance of $4.40–4.50 and revenue roughly $2.99–$3.01B — guidance is above prior street figures and supports multi-year growth from store openings and loyalty gains. Read More.
• Positive Sentiment: Aggressive store expansion remains a clear growth driver — Ollie’s opened ~86 stores last year and is rolling out dozens more across multiple states, which underpins revenue and comp growth opportunities. Read More.
• Positive Sentiment: Several brokers upgraded or raised targets after the print — RBC raised its target to $155 and Wells Fargo upgraded to overweight (PT $130), signaling renewed analyst confidence that expansion and conversions (e.g., Big Lots closures) can drive outsized upside. Read More.
• Neutral Sentiment: Earnings call transcript confirms results were broadly in line with expectations (management reiterated growth plan and discussed margin dynamics), offering more color but no surprise guidance changes beyond the issued FY range. Read More.
• Neutral Sentiment: Market commentary highlights strong fundamentals but flags valuation and the prospect that guidance may be conservative — several pieces call the business high quality but note the share pullback and mixed near-term comparisons. Read More.
• Negative Sentiment: Not all analysts were uniformly more bullish — Morgan Stanley cut its price target to $120 and set an equal‑weight rating, reflecting caution on near-term upside despite the long‑term story. Read More.
• Negative Sentiment: Revenue slightly missed consensus ($779.3M vs. ~$783.7M) and the EPS beat was marginal, which leaves room for investor sensitivity if future quarters show similar tight misses versus elevated expectations. Read More.

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.