Ollie’s Bargain Outlet (NASDAQ:OLLI) Price Target Lowered to $80.00 at Truist Financial

Ollie’s Bargain Outlet (NASDAQ:OLLI) had its price objective lowered by Truist Financial from $112.00 to $80.00 in a research report released on Thursday morning,Benzinga reports. Truist Financial currently has a buy rating on the stock.

A number of other analysts have also issued reports on the company. Citigroup cut their target price on Ollie’s Bargain Outlet from $141.00 to $111.00 and set a “buy” rating on the stock in a research report on Tuesday, May 12th. Royal Bank Of Canada dropped their price objective on shares of Ollie’s Bargain Outlet from $153.00 to $152.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 27th. Wells Fargo & Company lowered their target price on shares of Ollie’s Bargain Outlet from $130.00 to $115.00 and set an “overweight” rating for the company in a research note on Wednesday, May 13th. Bank of America reissued a “buy” rating on shares of Ollie’s Bargain Outlet in a report on Friday, March 13th. Finally, The Goldman Sachs Group decreased their price target on Ollie’s Bargain Outlet from $129.00 to $112.00 and set a “buy” rating for the company in a report on Monday, June 29th. Thirteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $115.93.

Ollie’s Bargain Outlet Price Performance

Shares of Ollie’s Bargain Outlet stock opened at $63.72 on Thursday. The stock has a market capitalization of $3.85 billion, a P/E ratio of 15.73, a PEG ratio of 1.08 and a beta of 0.47. The business has a 50 day simple moving average of $77.75 and a two-hundred day simple moving average of $95.44. Ollie’s Bargain Outlet has a 12 month low of $60.29 and a 12 month high of $141.74.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings results on Wednesday, June 3rd. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. Ollie’s Bargain Outlet had a net margin of 9.13% and a return on equity of 13.43%. The firm had revenue of $658.93 million for the quarter, compared to analyst estimates of $661.65 million. During the same period in the previous year, the business posted $0.75 earnings per share. Ollie’s Bargain Outlet’s quarterly revenue 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. As a group, research analysts anticipate that Ollie’s Bargain Outlet will post 4.52 EPS for the current fiscal year.

Institutional Trading of Ollie’s Bargain Outlet

Hedge funds have recently modified their holdings of the business. Goldman Sachs Group Inc. raised its position in Ollie’s Bargain Outlet by 315.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,707,117 shares of the company’s stock worth $187,117,000 after acquiring an additional 1,296,672 shares in the last quarter. Balyasny Asset Management L.P. purchased a new stake in shares of Ollie’s Bargain Outlet during the 3rd quarter worth $136,152,000. Norges Bank purchased a new stake in shares of Ollie’s Bargain Outlet during the 4th quarter worth $85,845,000. Invesco Ltd. grew its stake in shares of Ollie’s Bargain Outlet by 17.2% during the 3rd quarter. Invesco Ltd. now owns 2,992,848 shares of the company’s stock worth $384,282,000 after purchasing an additional 440,243 shares during the period. Finally, Freestone Grove Partners LP acquired a new position in shares of Ollie’s Bargain Outlet during the 4th quarter worth $44,168,000.

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.