Morgan Stanley Cuts Ollie’s Bargain Outlet (NASDAQ:OLLI) Price Target to $98.00

Ollie’s Bargain Outlet (NASDAQ:OLLI) had its price objective lowered by Morgan Stanley from $108.00 to $98.00 in a report published on Thursday, Marketbeat reports. Morgan Stanley currently has an equal weight rating on the stock.

Several other equities analysts have also issued reports on OLLI. Piper Sandler set a $98.00 price target on shares of Ollie’s Bargain Outlet in a report on Thursday. Weiss Ratings downgraded Ollie’s Bargain Outlet from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, July 16th. UBS Group reduced their target price on Ollie’s Bargain Outlet from $87.00 to $85.00 and set a “neutral” rating on the stock in a report on Thursday, August 27th. 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 research note on Thursday, June 4th. Finally, KeyCorp decreased their target price on Ollie’s Bargain Outlet from $140.00 to $98.00 and set an “overweight” rating for the company in a research note on Thursday, July 16th. Thirteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $102.43.

Ollie’s Bargain Outlet Price Performance

Ollie’s Bargain Outlet stock opened at $76.57 on Thursday. The firm has a market capitalization of $4.55 billion, a price-to-earnings ratio of 17.09, a PEG ratio of 1.22 and a beta of 0.50. The company’s 50 day simple moving average is $72.37 and its 200 day simple moving average is $84.13. Ollie’s Bargain Outlet has a fifty-two week low of $60.29 and a fifty-two week high of $139.21.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its earnings results on Wednesday, September 2nd. The company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.12 by $0.30. The firm had revenue of $741.31 million during the quarter, compared to the consensus estimate of $747.71 million. Ollie’s Bargain Outlet had a net margin of 9.79% and a return on equity of 14.54%. The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.99 earnings per share. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.570-4.650 EPS. As a group, analysts predict that Ollie’s Bargain Outlet will post 4.61 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in OLLI. Allworth Financial LP increased its position in shares of Ollie’s Bargain Outlet by 301.8% during the third quarter. Allworth Financial LP now owns 221 shares of the company’s stock worth $28,000 after acquiring an additional 166 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Ollie’s Bargain Outlet by 49.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 279 shares of the company’s stock valued at $31,000 after acquiring an additional 92 shares in the last quarter. CENTRAL TRUST Co boosted its stake in Ollie’s Bargain Outlet by 131.6% in the 1st quarter. CENTRAL TRUST Co now owns 477 shares of the company’s stock worth $44,000 after purchasing an additional 271 shares during the period. Root Financial Partners LLC boosted its stake in Ollie’s Bargain Outlet by 190.5% in the 1st quarter. Root Financial Partners LLC now owns 488 shares of the company’s stock worth $45,000 after purchasing an additional 320 shares during the period. Finally, Quarry LP bought a new position in Ollie’s Bargain Outlet during the 3rd quarter worth about $55,000.

More Ollie’s Bargain Outlet News

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

• Positive Sentiment: Ollie’s reported second-quarter adjusted EPS of $1.42, exceeding the $1.12 analyst consensus and rising from $0.99 a year earlier. Revenue increased 9.1% year over year to $741.3 million, while tariff refunds helped lift profitability. OLLI Q2 Earnings Beat Estimates on Tariff Refunds, Sales Miss
• Positive Sentiment: The company raised its fiscal 2026 adjusted EPS outlook to $4.57–$4.65, above the prior outlook and broadly ahead of analyst expectations. Ollie’s Raises Earnings Outlook on Tariff Refunds Despite Sluggish Sales
• Positive Sentiment: Analysts remain broadly constructive. Citi, Goldman Sachs, Piper Sandler, Wells Fargo and RBC maintained positive ratings, with targets generally implying meaningful upside; RBC raised its target to $124 and Jefferies maintained a Buy rating.
• Positive Sentiment: Management plans to invest $15 million in lower prices, which could strengthen Ollie’s value proposition, support traffic and improve competitiveness in the discount retail market. Ollie’s Bargain Outlets will plow $15M into lower prices
• Neutral Sentiment: Several firms lowered their price targets following the earnings report—Goldman Sachs to $100, Citi and Morgan Stanley to $98, Piper Sandler to $100, and Wells Fargo to $90—while retaining Buy, Overweight or Equal Weight ratings. The revisions suggest improved valuation discipline despite continued confidence in the business.
• Negative Sentiment: Revenue fell short of expectations, and sluggish comparable-store sales prompted a more cautious sales outlook. The planned price reductions may also pressure near-term margins if increased customer traffic does not offset lower prices.

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.