Royal Bank Of Canada Forecasts Strong Price Appreciation for Ollie’s Bargain Outlet (NASDAQ:OLLI) Stock

Ollie’s Bargain Outlet (NASDAQ:OLLI) had its target price hoisted by research analysts at Royal Bank Of Canada from $121.00 to $124.00 in a research report issued on Thursday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 74.39% from the stock’s current price.

OLLI has been the topic of several other research reports. Weiss Ratings cut Ollie’s Bargain Outlet from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, July 16th. Gordon Haskett reaffirmed an “accumulate” rating and issued a $90.00 price target (down from $100.00) on shares of Ollie’s Bargain Outlet in a report on Thursday, June 4th. Wells Fargo & Company reduced their price target on shares of Ollie’s Bargain Outlet from $115.00 to $100.00 and set an “overweight” rating on the stock in a research report on Monday, August 17th. Morgan Stanley decreased their price objective on shares of Ollie’s Bargain Outlet from $120.00 to $108.00 and set an “equal weight” rating on the stock in a report on Thursday, June 4th. Finally, Citigroup lowered their price objective on shares of Ollie’s Bargain Outlet from $111.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, August 26th. Thirteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $105.86.

Ollie’s Bargain Outlet Stock Performance

Shares of NASDAQ OLLI traded down $2.77 during mid-day trading on Thursday, hitting $71.11. 211,562 shares of the stock were exchanged, compared to its average volume of 1,618,215. Ollie’s Bargain Outlet has a twelve month low of $60.29 and a twelve month high of $139.21. The stock’s fifty day simple moving average is $72.23 and its two-hundred day simple moving average is $84.47. The company has a market cap of $4.30 billion, a P/E ratio of 17.41, a PEG ratio of 1.28 and a beta of 0.50.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its earnings results on Wednesday, September 2nd. The company reported $1.42 EPS for the quarter, topping the consensus estimate of $1.12 by $0.30. The business had revenue of $741.31 million for the quarter, compared to the consensus estimate of $747.71 million. Ollie’s Bargain Outlet had a return on equity of 13.43% and a net margin of 9.13%.Ollie’s Bargain Outlet’s revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.99 EPS. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.570-4.650 EPS. As a group, equities research analysts predict that Ollie’s Bargain Outlet will post 4.44 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ollie’s Bargain Outlet

A number of institutional investors have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC lifted its stake in Ollie’s Bargain Outlet by 28.0% in the first quarter. Integrated Wealth Concepts LLC now owns 2,815 shares of the company’s stock valued at $328,000 after buying an additional 615 shares during the period. Jones Financial Companies Lllp raised its position in shares of Ollie’s Bargain Outlet by 993.4% in the 1st quarter. Jones Financial Companies Lllp now owns 2,154 shares of the company’s stock valued at $251,000 after acquiring an additional 1,957 shares during the period. Goldman Sachs Group Inc. boosted its stake in Ollie’s Bargain Outlet by 42.7% during the 1st 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 during the last quarter. Empowered Funds LLC bought a new position in Ollie’s Bargain Outlet during the 1st quarter worth approximately $359,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings 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 valued at $21,342,000 after purchasing an additional 19,837 shares during the period.

Key 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 roughly $1.12–$1.14 and up from $0.99 a year ago. Revenue rose 9.1% to $741.3 million, while the company opened 15 stores and grew its Ollie’s Army loyalty base 12.7%. Ollie’s second-quarter fiscal 2026 results
• Positive Sentiment: Ollie’s raised fiscal 2026 EPS guidance to $4.57–$4.65, above the $4.52 consensus. Tariff refunds helped the profit outlook, offsetting some pressure from sluggish sales. Ollie’s raises earnings outlook
• Positive Sentiment: Management plans to add approximately 75 stores in fiscal 2026, supporting the company’s longer-term growth strategy. Jefferies maintained a Buy rating, indicating continued confidence in Ollie’s expansion and discount-retail positioning. Ollie’s store growth outlook
• Neutral Sentiment: The consumables category was a relative bright spot, but overall comparable-store sales declined 1.8%, suggesting customers remain selective despite continued demand for bargains. Ollie’s second-quarter category performance
• Negative Sentiment: Fiscal 2026 revenue guidance of approximately $2.928–$2.941 billion remains below the roughly $3.0 billion analyst expectation. The company also plans to invest $15 million to lower prices, which could improve store traffic but weigh on near-term margins. Ollie’s price investment

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.