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

Ollie’s Bargain Outlet (NASDAQ:OLLI) had its price target cut by KeyCorp from $140.00 to $98.00 in a research report report published on Thursday, MarketBeat reports. They currently have an overweight rating on the stock.

A number of other brokerages have also recently issued reports on OLLI. Weiss Ratings cut shares of Ollie’s Bargain Outlet from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, April 22nd. Royal Bank Of Canada lowered their price target 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. Truist Financial dropped their price objective on shares of 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 cut their price objective on Ollie’s Bargain Outlet from $120.00 to $108.00 and set an “equal weight” rating for the company in a research report on Thursday, June 4th. Finally, Piper Sandler set a $114.00 price objective on Ollie’s Bargain Outlet in a research report on Wednesday, June 3rd. Thirteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $113.13.

Ollie’s Bargain Outlet Stock Down 0.7%

Shares of OLLI stock opened at $66.51 on Thursday. Ollie’s Bargain Outlet has a fifty-two week low of $60.29 and a fifty-two week high of $141.74. The stock has a market cap of $4.02 billion, a P/E ratio of 16.42, a P/E/G ratio of 1.17 and a beta of 0.47. The business has a fifty day simple moving average of $75.63 and a 200-day simple moving average of $93.67.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings results on Wednesday, June 3rd. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.04. Ollie’s Bargain Outlet had a return on equity of 13.43% and a net margin of 9.13%.The business had revenue of $658.93 million during the quarter, compared to the consensus estimate of $661.65 million. During the same quarter in the previous year, the company posted $0.75 EPS. The business’s 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. On average, sell-side analysts anticipate that Ollie’s Bargain Outlet will post 4.45 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC boosted its stake in shares of Ollie’s Bargain Outlet by 28.0% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,815 shares of the company’s stock worth $328,000 after purchasing an additional 615 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of Ollie’s Bargain Outlet by 993.4% in the first quarter. Jones Financial Companies Lllp now owns 2,154 shares of the company’s stock valued at $251,000 after buying an additional 1,957 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Ollie’s Bargain Outlet by 42.7% in the first quarter. Goldman Sachs Group Inc. now owns 446,277 shares of the company’s stock valued at $51,929,000 after buying an additional 133,537 shares during the last quarter. Empowered Funds LLC purchased a new position in shares of Ollie’s Bargain Outlet during the first quarter valued at approximately $359,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Ollie’s Bargain Outlet by 12.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 183,412 shares of the company’s stock valued at $21,342,000 after buying an additional 19,837 shares during the period.

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.