Ollie’s Bargain Outlet (NASDAQ:OLLI) Price Target Cut to $112.00 by Analysts at The Goldman Sachs Group

Ollie’s Bargain Outlet (NASDAQ:OLLI) had its target price dropped by stock analysts at The Goldman Sachs Group from $129.00 to $112.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. The Goldman Sachs Group’s target price points to a potential upside of 55.75% from the company’s previous close.

OLLI has been the subject of a number of other research reports. KeyCorp restated an “overweight” rating on shares of Ollie’s Bargain Outlet in a research note on Monday, June 15th. Loop Capital reiterated a “buy” rating and set a $135.00 price objective on shares of Ollie’s Bargain Outlet in a research note on Thursday, June 4th. Wells Fargo & Company reduced their price objective on shares of Ollie’s Bargain Outlet from $130.00 to $115.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 13th. Truist Financial set a $112.00 price objective on shares of Ollie’s Bargain Outlet in a report on Thursday, June 4th. Finally, Royal Bank Of Canada dropped their target price on shares of Ollie’s Bargain Outlet from $153.00 to $152.00 and set an “outperform” rating for the company in a research report on Wednesday, May 27th. Fourteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $124.00.

Ollie’s Bargain Outlet Price Performance

Shares of NASDAQ OLLI opened at $71.91 on Monday. Ollie’s Bargain Outlet has a fifty-two week low of $70.85 and a fifty-two week high of $141.74. The business has a 50 day moving average price of $81.43 and a two-hundred day moving average price of $98.04. The firm has a market cap of $4.35 billion, a PE ratio of 17.76, a price-to-earnings-growth ratio of 1.25 and a beta of 0.46.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings data 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 return on equity of 13.43% and a net margin of 9.13%.The company had revenue of $658.93 million for the quarter, compared to the consensus estimate of $661.65 million. During the same period in the previous year, the business earned $0.75 EPS. 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. On average, analysts anticipate that Ollie’s Bargain Outlet will post 4.52 earnings per share for the current year.

Insider Activity at Ollie’s Bargain Outlet

In other news, Chairman John W. Swygert sold 5,231 shares of the business’s stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $92.09, for a total value of $481,722.79. Following the completion of the sale, the chairman directly owned 48,200 shares in the company, valued at approximately $4,438,738. The trade was a 9.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.75% of the company’s stock.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

Large investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its position in shares of Ollie’s Bargain Outlet by 315.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,707,117 shares of the company’s stock worth $187,117,000 after buying an additional 1,296,672 shares during the last quarter. Balyasny Asset Management L.P. bought a new stake in shares of Ollie’s Bargain Outlet during the 3rd quarter valued at about $136,152,000. Norges Bank bought a new stake in shares of Ollie’s Bargain Outlet during the 4th quarter valued at about $85,845,000. Invesco Ltd. raised its stake in 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 acquiring an additional 440,243 shares during the period. Finally, Freestone Grove Partners LP acquired a new stake in Ollie’s Bargain Outlet during the fourth quarter worth about $44,168,000.

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.