Wells Fargo & Company Cuts Ollie’s Bargain Outlet (NASDAQ:OLLI) Price Target to $90.00

by · The Cerbat Gem

Ollie’s Bargain Outlet (NASDAQ:OLLI – Free Report) had its price target cut by Wells Fargo & Company from $100.00 to $90.00 in a research note published on Thursday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other brokerages have also commented on OLLI. Truist Financial cut their target price on Ollie’s Bargain Outlet from $112.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Morgan Stanley lowered their price target 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. The Goldman Sachs Group lowered their price target on shares of Ollie’s Bargain Outlet from $129.00 to $112.00 and set a “buy” rating on the stock in a report on Monday, June 29th. Gordon Haskett restated an “accumulate” rating and issued a $90.00 price objective (down from $100.00) on shares of Ollie’s Bargain Outlet in a research note on Thursday, June 4th. Finally, UBS Group reduced their price objective on shares of Ollie’s Bargain Outlet from $87.00 to $85.00 and set a “neutral” rating for the company in a report on Thursday, August 27th. Thirteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $102.43.

View Our Latest Analysis on OLLI

Ollie’s Bargain Outlet Stock Performance

Shares of OLLI opened at $76.57 on Thursday. The company has a 50-day simple moving average of $72.37 and a 200-day simple moving average of $84.13. Ollie’s Bargain Outlet has a 52 week low of $60.29 and a 52 week high of $139.21. The firm has a market capitalization of $4.55 billion, a P/E ratio of 17.09, a P/E/G ratio of 1.22 and a beta of 0.50.

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

Hedge Funds Weigh In On Ollie’s Bargain Outlet

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Thrivent Financial for Lutherans boosted its stake in Ollie’s Bargain Outlet by 0.6% in the 2nd quarter. Thrivent Financial for Lutherans now owns 14,458 shares of the company’s stock valued at $1,905,000 after buying an additional 91 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in 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 worth $31,000 after acquiring an additional 92 shares in the last quarter. Dana Investment Advisors Inc. lifted its holdings in shares of Ollie’s Bargain Outlet by 2.5% during the fourth quarter. Dana Investment Advisors Inc. now owns 5,649 shares of the company’s stock valued at $619,000 after acquiring an additional 137 shares during the period. Lazard Asset Management LLC lifted its holdings in shares of Ollie’s Bargain Outlet by 5.8% during the second quarter. Lazard Asset Management LLC now owns 2,508 shares of the company’s stock valued at $330,000 after acquiring an additional 138 shares during the period. Finally, Madison Asset Management LLC boosted its stake in shares of Ollie’s Bargain Outlet by 0.6% in the 4th quarter. Madison Asset Management LLC now owns 23,222 shares of the company’s stock valued at $2,545,000 after purchasing an additional 149 shares in the last quarter.

Key Stories Impacting Ollie’s Bargain Outlet

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.

Ollie’s Bargain Outlet Company Profile

(Get Free Report)

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.

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