Ollie’s Bargain Outlet (NASDAQ:OLLI) Upgraded at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Ollie’s Bargain Outlet (NASDAQ:OLLI) from a hold rating to a buy rating in a research report report published on Thursday, MarketBeat reports. The firm currently has $130.00 price target on the stock, up from their prior price target of $120.00.

OLLI has been the topic of a number of other research reports. Sanford C. Bernstein reissued an “outperform” rating on shares of Ollie’s Bargain Outlet in a report on Wednesday, December 10th. UBS Group set a $125.00 target price on shares of Ollie’s Bargain Outlet in a report on Monday, March 16th. Royal Bank Of Canada raised their target price on Ollie’s Bargain Outlet from $147.00 to $155.00 and gave the stock an “outperform” rating in a research note on Friday, March 13th. Wells Fargo & Company upgraded Ollie’s Bargain Outlet from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $120.00 to $130.00 in a report on Friday, March 13th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $162.00 price target on shares of Ollie’s Bargain Outlet in a research report on Wednesday, December 10th. Fourteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $141.14.

Ollie’s Bargain Outlet Price Performance

Shares of Ollie’s Bargain Outlet stock opened at $95.22 on Thursday. Ollie’s Bargain Outlet has a one year low of $88.44 and a one year high of $141.74. The business’s 50 day simple moving average is $105.03 and its two-hundred day simple moving average is $115.38. The stock has a market capitalization of $5.80 billion, a P/E ratio of 24.42, a price-to-earnings-growth ratio of 1.67 and a beta of 0.59.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings data on Thursday, March 12th. The company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.01. Ollie’s Bargain Outlet had a return on equity of 13.18% and a net margin of 9.08%.The firm had revenue of $779.26 million during the quarter, compared to analyst estimates of $783.72 million. During the same quarter in the prior year, the firm posted $1.19 earnings per share. The business’s quarterly revenue was up 16.8% compared to the same quarter last year. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.400-4.500 EPS. Sell-side analysts expect that Ollie’s Bargain Outlet will post 3.29 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Ollie’s Bargain Outlet news, Chairman John W. Swygert sold 5,231 shares of the company’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 transaction of $481,722.79. Following the transaction, the chairman owned 48,200 shares in the company, valued at approximately $4,438,738. This represents a 9.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 10,255 shares of company stock worth $956,384. Insiders own 0.75% of the company’s stock.

Institutional Investors Weigh In On Ollie’s Bargain Outlet

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OLLI. Cornerstone Planning Group LLC boosted its holdings in shares of Ollie’s Bargain Outlet by 218.8% during the 4th quarter. Cornerstone Planning Group LLC now owns 255 shares of the company’s stock valued at $27,000 after buying an additional 175 shares in the last quarter. Allworth Financial LP boosted its stake in 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. Maseco LLP purchased a new stake in Ollie’s Bargain Outlet in the fourth quarter worth about $30,000. Private Trust Co. NA increased its stake in shares of Ollie’s Bargain Outlet by 71.3% during the third quarter. Private Trust Co. NA now owns 245 shares of the company’s stock valued at $31,000 after purchasing an additional 102 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted 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 last quarter.

Key Ollie’s Bargain Outlet News

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

• Positive Sentiment: Jefferies upgraded OLLI from Hold to Buy and raised its target to $130, highlighting long‑term unit growth, strong market position and stable margins — a direct catalyst that has drawn buyer interest. Read More.
• Positive Sentiment: Wells Fargo added Ollie’s to a tactical list with a $130 target, framing recent weakness as an entry opportunity — another institutional endorsement that supports the rally. Read More.
• Positive Sentiment: Multiple outlets (Zacks, Yahoo/UK, MSN, Seeking Alpha) ran bullish takes emphasizing OLLI’s membership/traffic momentum, margin stability and relative valuation versus peers — reinforcing the narrative that shares are undervalued. Read More.
• Neutral Sentiment: Local expansion news: a new Ollie’s store opened in Derby (connects to unit-growth story). Helpful for long‑run sales and footprint but not an immediate market mover by itself. Read More.
• Negative Sentiment: Chairman John W. Swygert sold 5,231 shares (≈$482K) under a Rule 10b5‑1 plan; while pre‑planned, the disclosed reduction (~9.8% of his holding) can create short‑term caution among some investors. SEC filing and coverage are public. Read More.

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.