Goldman Sachs Reiterates Buy Rating on Ollie's Bargain Outlet

Goldman Sachs reiterated its Buy rating on Ollie's Bargain Outlet Holdings, Inc. (NasdaqGM: OLLI) on June 29, 2026, setting a price target of $112. This move comes as shares of Ollie's traded near $71.91 on Monday.

Other Institutional Activity in Ollie's Bargain Outlet Holdings

FMR LLC trimmed its stake by 595,597 shares, now holding 6,765,175 shares valued at about $622.7 million, marking an 8.1% decrease. BlackRock, Inc. added 129,951 shares to its holdings, bringing its total to 5,606,923 shares worth approximately $516.1 million, a 2.4% increase. Kayne Anderson Rudnick Investment Management LLC reduced its position by 384,649 shares, ending with 3,288,297 shares valued at $302.7 million, a 10.5% decrease. Wasatch Advisors LP also cut its holdings by 174,369 shares, leaving it with 2,990,323 shares worth $275.2 million, down 5.5%. Meanwhile, Vanguard Capital Management LLC and Vanguard Portfolio Management LLC both opened new positions, with 2,754,095 and 2,537,784 shares respectively.

Ollie's Bargain Outlet Holdings, Inc. Stock Up 4.8%

Shares of Ollie's Bargain Outlet Holdings traded near $71.91 on Monday. The company has a market capitalization of approximately $4.35 billion. Its P/E ratio stands at 17.8, with a forward P/E of 14.0, and it has a beta of 0.46. Over the past 52 weeks, the stock has hit a low of $70.85 and a high of $141.74. The company's 50-day moving average is $81.62, while the 200-day moving average is $106.64. Ollie's current ratio is 2.32, with a quick ratio of 0.614 and a debt-to-equity ratio of 37.58.

Recent Earnings

Ollie's Bargain Outlet reported revenue of approximately $2.73 billion, reflecting a growth of 14.2%. The company achieved an EPS of $4.04, with a net margin of 9.13% and a return on equity of 13.78%. The next earnings report is expected on August 27, 2026.

Insider Buying and Selling at Ollie's Bargain Outlet Holdings, Inc.

Insider transactions included Thomas Hendrickson, who bought and sold 1,091 shares on June 4, 2026. John Swygert, the Executive Chairman, sold 3,330 shares at an average price of $95.80 on April 7, 2026, under a Rule 10b5-1 plan. Larry Kraus, Senior Vice President and CIO, bought 1,249 shares on April 1, 2026.

Analysts Set New Price Targets

On June 29, 2026, Goldman Sachs maintained its Buy rating on Ollie's Bargain Outlet with a $112 price target. Other analysts have set varied targets, with Loop Capital maintaining a Buy rating with a $135 target on June 4, 2026, and UBS holding a rating with a target of $87. The consensus recommendation is a Buy, with an average target price of $121.33 from 15 analysts.

About Ollie's Bargain Outlet Holdings, Inc.

Ollie's Bargain Outlet Holdings, Inc., headquartered in Harrisburg, Pennsylvania, operates as a retailer of closeout merchandise and excess inventory across the United States. The company offers a wide range of products including health and beauty aids, food, home decor, and lawn and garden items through its chain of discount stores. Founded in 1982, Ollie's employs approximately 6,500 people and is led by CEO Mr. Eric van der Valk.

Bottom Line

Goldman Sachs' reiterated Buy rating and $112 price target reflect continued confidence in Ollie's Bargain Outlet Holdings. Investors often track these updates for insights into potential stock performance. Remember, analyst ratings are forward-looking and based on various assumptions about future business conditions.