Ollie’s Bargain Outlet (NASDAQ:OLLI) Stock Rating Upgraded by Wells Fargo & Company

Ollie’s Bargain Outlet (NASDAQ:OLLI) was upgraded by equities researchers at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating in a report issued on Friday, MarketBeat Ratings reports. The brokerage presently has a $130.00 target price on the stock, up from their previous target price of $120.00. Wells Fargo & Company‘s price objective indicates a potential upside of 18.99% from the company’s current price.

OLLI has been the topic of several other reports. KeyCorp reissued an “overweight” rating on shares of Ollie’s Bargain Outlet in a research note on Wednesday, December 10th. Royal Bank Of Canada set a $140.00 price target on shares of Ollie’s Bargain Outlet in a research report on Wednesday, December 10th. The Goldman Sachs Group restated a “buy” rating and issued a $162.00 price objective on shares of Ollie’s Bargain Outlet in a report on Wednesday, December 10th. Truist Financial set a $142.00 price objective on Ollie’s Bargain Outlet in a research report on Friday, January 16th. Finally, Citigroup reduced their target price on Ollie’s Bargain Outlet from $150.00 to $141.00 and set a “buy” rating on the stock in a report on Thursday, December 11th. Thirteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $141.86.

Ollie’s Bargain Outlet Trading Up 4.2%

Shares of NASDAQ:OLLI opened at $109.25 on Friday. The company has a 50-day moving average price of $111.06 and a 200-day moving average price of $119.07. The company has a market cap of $6.70 billion, a price-to-earnings ratio of 28.01, a price-to-earnings-growth ratio of 1.68 and a beta of 0.53. Ollie’s Bargain Outlet has a 12 month low of $98.19 and a 12 month high of $141.74.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its earnings results on Thursday, March 12th. The company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.01. Ollie’s Bargain Outlet had a return on equity of 13.38% and a net margin of 9.08%.The company had revenue of $779.26 million for the quarter, compared to analysts’ expectations of $783.72 million. During the same period last year, the firm earned $1.19 earnings per share. Ollie’s Bargain Outlet’s quarterly revenue was up 16.8% on a year-over-year basis. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.400-4.500 EPS. As a group, research analysts forecast that Ollie’s Bargain Outlet will post 3.29 EPS for the current fiscal year.

Insider Buying and Selling

In other Ollie’s Bargain Outlet news, Chairman John W. Swygert sold 1,126 shares of the business’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $112.06, for a total value of $126,179.56. Following the sale, the chairman directly owned 48,200 shares of the company’s stock, valued at approximately $5,401,292. The trade was a 2.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.75% of the company’s stock.

Institutional Trading of Ollie’s Bargain Outlet

Institutional investors have recently bought and sold shares of the company. Hsbc Holdings PLC raised its holdings in Ollie’s Bargain Outlet by 662.7% in the fourth quarter. Hsbc Holdings PLC now owns 26,153 shares of the company’s stock worth $2,894,000 after buying an additional 22,724 shares during the last quarter. Sankala Group LLC purchased a new position in Ollie’s Bargain Outlet in the fourth quarter worth about $293,000. Corient Private Wealth LLC lifted its stake in shares of Ollie’s Bargain Outlet by 127.3% in the fourth quarter. Corient Private Wealth LLC now owns 12,326 shares of the company’s stock worth $1,351,000 after buying an additional 6,903 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in shares of Ollie’s Bargain Outlet by 37.9% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 3,076 shares of the company’s stock valued at $337,000 after buying an additional 845 shares during the last quarter. Finally, Vident Advisory LLC grew its holdings in shares of Ollie’s Bargain Outlet by 93.5% during the fourth quarter. Vident Advisory LLC now owns 4,547 shares of the company’s stock valued at $498,000 after buying an additional 2,197 shares during the last quarter.

Ollie’s Bargain Outlet News Summary

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

• Positive Sentiment: Q4 results beat on EPS and showed healthy momentum: EPS of $1.39 (beat by $0.01), comps +3.6% and revenue +16.8% y/y; company set FY2026 EPS guidance of $4.40–4.50 and revenue roughly $2.99–$3.01B — guidance is above prior street figures and supports multi-year growth from store openings and loyalty gains. Read More.
• Positive Sentiment: Aggressive store expansion remains a clear growth driver — Ollie’s opened ~86 stores last year and is rolling out dozens more across multiple states, which underpins revenue and comp growth opportunities. Read More.
• Positive Sentiment: Several brokers upgraded or raised targets after the print — RBC raised its target to $155 and Wells Fargo upgraded to overweight (PT $130), signaling renewed analyst confidence that expansion and conversions (e.g., Big Lots closures) can drive outsized upside. Read More.
• Neutral Sentiment: Earnings call transcript confirms results were broadly in line with expectations (management reiterated growth plan and discussed margin dynamics), offering more color but no surprise guidance changes beyond the issued FY range. Read More.
• Neutral Sentiment: Market commentary highlights strong fundamentals but flags valuation and the prospect that guidance may be conservative — several pieces call the business high quality but note the share pullback and mixed near-term comparisons. Read More.
• Negative Sentiment: Not all analysts were uniformly more bullish — Morgan Stanley cut its price target to $120 and set an equal‑weight rating, reflecting caution on near-term upside despite the long‑term story. Read More.
• Negative Sentiment: Revenue slightly missed consensus ($779.3M vs. ~$783.7M) and the EPS beat was marginal, which leaves room for investor sensitivity if future quarters show similar tight misses versus elevated expectations. 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.