Ollie's Bargain Outlet rises on market strength
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 05 Jan 26
Source: Business Insider
Ollie's Bargain Outlet Holdings Inc. saw a price increase of 5.01%, reaching a 5-day high amid positive market conditions.
This rise is attributed to broad market strength, with the Nasdaq-100 up 0.80% and the S&P 500 up 0.66%, indicating a favorable environment for stocks. The stock's performance reflects investor confidence in the retail sector, which has been buoyed by recent economic data.
The upward movement suggests that Ollie's Bargain Outlet is benefiting from the overall market trend, positioning itself well for future growth as consumer spending remains robust.
Analyst Views on OLLI
Wall Street analysts forecast OLLI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for OLLI is 144.46 USD with a low forecast of 120.00 USD and a high forecast of 162.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
13 Analyst Rating
10 Buy
3 Hold
0 Sell
Strong Buy
Current: 106.830
Low
120.00
Averages
144.46
High
162.00
Current: 106.830
Low
120.00
Averages
144.46
High
162.00
About OLLI
Ollie's Bargain Outlet Holdings, Inc. operates as a retailer of closeout merchandise and excess inventory. The Company and its subsidiaries principally buys overproduced, overstocked, and closeout merchandise from manufacturers, wholesalers, distributors, brokers, and other retailers. In addition, it augments its name-brand closeout deals with private label products. It offers customers a selection of brand name products, including housewares, bed and bath, food, floor coverings, health and beauty aids, books and stationery, toys, and electronics. The Company operates over 575 stores in 31 states. The Company's retail locations are located in Alabama, Arkansas, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, Mississippi, Missouri, New Jersey, New York, North Carolina, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Vermont, Virginia, and West Virginia.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
