Citigroup Cuts Ollie’s Bargain Outlet (NASDAQ:OLLI) Price Target to $100.00

Ollie’s Bargain Outlet (NASDAQ:OLLI) had its target price reduced by analysts at Citigroup from $111.00 to $100.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Citigroup’s price target would suggest a potential upside of 35.01% from the company’s current price.

Several other analysts have also weighed in on OLLI. The Goldman Sachs Group lowered their target price on shares of Ollie’s Bargain Outlet from $129.00 to $112.00 and set a “buy” rating for the company in a research note on Monday, June 29th. Loop Capital reaffirmed a “buy” rating and issued a $135.00 price target on shares of Ollie’s Bargain Outlet in a report on Thursday, June 4th. Piper Sandler lowered their price objective on shares of Ollie’s Bargain Outlet from $114.00 to $113.00 and set an “overweight” rating for the company in a research report on Tuesday, August 18th. JPMorgan Chase & Co. increased their price objective on shares of Ollie’s Bargain Outlet from $70.00 to $73.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 18th. Finally, Gordon Haskett reissued an “accumulate” rating and issued a $90.00 target price (down from $100.00) on shares of Ollie’s Bargain Outlet in a report on Thursday, June 4th. Thirteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Ollie’s Bargain Outlet has a consensus rating of “Moderate Buy” and an average target price of $109.47.

Ollie’s Bargain Outlet Trading Down 0.7%

NASDAQ OLLI traded down $0.54 during trading hours on Wednesday, reaching $74.07. 219,560 shares of the company traded hands, compared to its average volume of 1,589,471. The stock has a market capitalization of $4.48 billion, a PE ratio of 18.29, a PEG ratio of 1.35 and a beta of 0.46. Ollie’s Bargain Outlet has a 12 month low of $60.29 and a 12 month high of $140.17. The company has a 50 day moving average of $72.47 and a two-hundred day moving average of $86.11.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its earnings results on Wednesday, June 3rd. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. The business had revenue of $658.93 million for the quarter, compared to analyst estimates of $661.65 million. Ollie’s Bargain Outlet had a net margin of 9.13% and a return on equity of 13.43%. During the same quarter in the prior year, the business posted $0.75 EPS. The company’s revenue for the quarter was up 14.2% on a year-over-year basis. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. On average, equities research analysts anticipate that Ollie’s Bargain Outlet will post 4.44 earnings per share for the current year.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Allworth Financial LP raised its stake in Ollie’s Bargain Outlet by 301.8% during the 3rd quarter. Allworth Financial LP now owns 221 shares of the company’s stock valued at $28,000 after acquiring an additional 166 shares in the last quarter. Cornerstone Planning Group LLC increased its holdings in shares of Ollie’s Bargain Outlet by 218.8% during the fourth quarter. Cornerstone Planning Group LLC now owns 255 shares of the company’s stock valued at $27,000 after purchasing an additional 175 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Ollie’s Bargain Outlet by 49.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 279 shares of the company’s stock valued at $31,000 after purchasing an additional 92 shares during the period. Quarry LP bought a new stake in shares of Ollie’s Bargain Outlet during the third quarter valued at about $55,000. Finally, CENTRAL TRUST Co raised its stake in shares of Ollie’s Bargain Outlet by 131.6% during the first quarter. CENTRAL TRUST Co now owns 477 shares of the company’s stock valued at $44,000 after purchasing an additional 271 shares in the last quarter.

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.