Gordon Haskett Reaffirms “Accumulate” Rating for Ollie’s Bargain Outlet (NASDAQ:OLLI)

Ollie’s Bargain Outlet (NASDAQ:OLLI)‘s stock had its “accumulate” rating reissued by stock analysts at Gordon Haskett in a research report issued to clients and investors on Thursday,Benzinga reports. They currently have a $90.00 target price on the stock, down from their prior target price of $100.00. Gordon Haskett’s target price would suggest a potential upside of 12.87% from the company’s previous close.

Several other equities research analysts have also recently weighed in on the stock. Jefferies Financial Group upgraded shares of Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and increased their price objective for the stock from $120.00 to $130.00 in a research report on Thursday, April 2nd. Bank of America reiterated a “buy” rating on shares of Ollie’s Bargain Outlet in a research report on Friday, March 13th. JPMorgan Chase & Co. decreased their price objective on shares of Ollie’s Bargain Outlet from $163.00 to $152.00 and set an “overweight” rating for the company in a research report on Monday, April 13th. KeyCorp set a $140.00 price objective on shares of Ollie’s Bargain Outlet in a research report on Wednesday. Finally, Piper Sandler set a $114.00 price objective on shares of Ollie’s Bargain Outlet in a research report on Wednesday. Fourteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Ollie’s Bargain Outlet has an average rating of “Moderate Buy” and an average price target of $132.20.

Ollie’s Bargain Outlet Price Performance

OLLI opened at $79.74 on Thursday. Ollie’s Bargain Outlet has a fifty-two week low of $73.32 and a fifty-two week high of $141.74. The firm has a market capitalization of $4.84 billion, a price-to-earnings ratio of 20.45, a PEG ratio of 1.39 and a beta of 0.46. The company’s 50 day moving average price is $86.76 and its two-hundred day moving average price is $103.35.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings data on Wednesday, June 3rd. The company reported $0.91 earnings per share 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 company had revenue of $658.93 million during the quarter, compared to analysts’ expectations of $661.65 million. During the same period in the prior year, the company posted $0.75 earnings per share. Ollie’s Bargain Outlet’s revenue for the quarter was up 14.2% compared to the same quarter last year. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. As a group, equities research analysts predict that Ollie’s Bargain Outlet will post 4.48 EPS for the current year.

Insider Transactions at Ollie’s Bargain Outlet

In related news, Chairman John W. Swygert sold 5,231 shares of the stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $92.09, for a total transaction of $481,722.79. Following the transaction, the chairman directly owned 48,200 shares of the company’s stock, valued at $4,438,738. This represents a 9.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 12,459 shares of company stock worth $1,149,218 over the last 90 days. 0.75% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of OLLI. Integrated Wealth Concepts LLC boosted its stake in Ollie’s Bargain Outlet by 28.0% during the first quarter. Integrated Wealth Concepts LLC now owns 2,815 shares of the company’s stock worth $328,000 after acquiring an additional 615 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in Ollie’s Bargain Outlet by 993.4% during the first quarter. Jones Financial Companies Lllp now owns 2,154 shares of the company’s stock worth $251,000 after acquiring an additional 1,957 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Ollie’s Bargain Outlet by 42.7% during the first quarter. Goldman Sachs Group Inc. now owns 446,277 shares of the company’s stock worth $51,929,000 after acquiring an additional 133,537 shares in the last quarter. Empowered Funds LLC bought a new position in Ollie’s Bargain Outlet during the first quarter worth $359,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Ollie’s Bargain Outlet by 12.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 183,412 shares of the company’s stock worth $21,342,000 after acquiring an additional 19,837 shares in the last quarter.

Key Ollie’s Bargain Outlet News

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

• Positive Sentiment: Ollie’s reported Q1 EPS of $0.91, beating consensus estimates of $0.87, while revenue rose 14.2% year over year to $658.93 million. Article Title
• Positive Sentiment: The company raised its fiscal 2026 EPS outlook to $4.45-$4.55, reinforcing confidence in continued profitability despite a tough retail backdrop. Article Title
• Positive Sentiment: Management highlighted strong growth trends in the earnings call, including benefits from store openings, which supports the longer-term expansion story. Article Title
• Neutral Sentiment: Revenue came in slightly below consensus, but the miss was small enough to be outweighed by the earnings beat and improved guidance. Article Title

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.