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

Ollie’s Bargain Outlet (NASDAQ:OLLI) had its price objective decreased by research analysts at KeyCorp from $140.00 to $98.00 in a research report issued to clients and investors on Thursday, MarketBeat reports. The brokerage currently has an “overweight” rating on the stock. KeyCorp’s price objective would suggest a potential upside of 47.35% from the company’s previous close.

Several other research firms have also issued reports on OLLI. Wells Fargo & Company cut their price target on shares of Ollie’s Bargain Outlet from $130.00 to $115.00 and set an “overweight” rating on the stock in a report on Wednesday, May 13th. Loop Capital reiterated a “buy” rating and set a $135.00 price objective on shares of Ollie’s Bargain Outlet in a report on Thursday, June 4th. Piper Sandler set a $114.00 price objective on Ollie’s Bargain Outlet in a research report on Wednesday, June 3rd. Truist Financial lowered their price objective on Ollie’s Bargain Outlet from $112.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Finally, Royal Bank Of Canada reduced their target price on 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. Thirteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $113.13.

Ollie’s Bargain Outlet Stock Performance

NASDAQ:OLLI 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 capitalization of $4.02 billion, a P/E ratio of 16.42, a P/E/G ratio of 1.18 and a beta of 0.47. The company’s 50-day simple moving average is $75.63 and its 200-day simple moving average is $93.67.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings data on Wednesday, June 3rd. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. The firm had revenue of $658.93 million for the quarter, compared to the consensus estimate of $661.65 million. Ollie’s Bargain Outlet had a net margin of 9.13% and a return on equity of 13.43%. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.75 EPS. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. On average, research analysts forecast that Ollie’s Bargain Outlet will post 4.45 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of OLLI. Cornerstone Planning Group LLC lifted its stake in shares of Ollie’s Bargain Outlet by 218.8% during the fourth quarter. Cornerstone Planning Group LLC now owns 255 shares of the company’s stock worth $27,000 after buying an additional 175 shares during the period. Allworth Financial LP increased its position in shares of Ollie’s Bargain Outlet by 301.8% in the 3rd quarter. Allworth Financial LP now owns 221 shares of the company’s stock valued at $28,000 after acquiring an additional 166 shares during the period. Maseco LLP acquired a new position in shares of Ollie’s Bargain Outlet in the 4th quarter valued at $30,000. Northwestern Mutual Wealth Management Co. raised its stake 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 worth $31,000 after acquiring an additional 92 shares during the last quarter. Finally, CENTRAL TRUST Co raised 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 acquiring an additional 271 shares during the last quarter.

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.