Ollie's Bargain Outlet Upgraded by Wells Fargo
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy OLLI?
Source: CNBC
- Rating Upgrade: Wells Fargo upgraded Ollie's Bargain Outlet from equal weight to overweight, with analyst Edward Kelly raising the price target from $120 to $130, reflecting a 24% upside from Thursday's closing price and indicating strong confidence in the company's future performance.
- Sales Growth: Although Ollie's reported in-line earnings and a revenue miss in Q4, same-store sales grew by 3.6%, slightly beating FactSet consensus, leading to a 1% stock increase post-announcement, which reflects market recognition of its performance.
- Market Outlook: The analyst highlighted that Ollie's stands to benefit from the
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Analyst Views on OLLI
Wall Street analysts forecast OLLI stock price to rise
13 Analyst Rating
10 Buy
3 Hold
0 Sell
Strong Buy
Current: 103.370
Low
120.00
Averages
144.46
High
162.00
Current: 103.370
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.
Ollie's Bargain Outlet Set to Release Q4 Earnings on March 12
- Earnings Announcement Preview: Ollie's Bargain Outlet is set to announce its Q4 earnings on March 12 before market open, with consensus EPS estimated at $1.41, reflecting an 18.5% year-over-year increase, and revenue expected at $783.71 million, up 17.5%, indicating solid performance in the retail sector.
- Historical Performance Review: Over the past two years, Ollie's has exceeded EPS estimates 75% of the time and revenue estimates 50% of the time, demonstrating a degree of reliability and stability in its financial performance.
- Expectation Revision Dynamics: In the last three months, EPS estimates have seen 10 upward revisions and 3 downward adjustments, while revenue estimates experienced 12 upward revisions and 1 downward, indicating growing analyst confidence in the company's future performance.
- Market Analysis Insights: Despite facing a 'noisy' Q1, RBC Capital believes that Ollie's growth potential for 2026 is underappreciated by investors, while Loop Capital rates it as a buy based on expansion, merchandise, and seasonal assortment, reflecting optimism about its long-term growth prospects.
See More
Key Wall Street Ratings Updates on Friday
- Nvidia Price Target Raised: Daiwa increased Nvidia's price target from $205 to $215, anticipating that CEO Jensen Huang will showcase multiple AI success stories at the upcoming GTC Conference, which could positively impact the company's future performance.
- Qiagen Upgrade to Buy: Deutsche Bank upgraded Qiagen from hold to buy, noting that despite a nearly 30% drop in shares since January, the current price reflects the removal of any acquisition premium, suggesting potential for future price recovery.
- Nio Earnings Visibility: HSBC upgraded Nio from hold to buy, highlighting that new models and growth in its core portfolio may support volume growth and margin expansion, thereby enhancing its competitive position in the EV market.
- Linde Pricing Power: JPMorgan upgraded Linde from neutral to overweight, asserting that the chemical company possesses strong pricing power under current market conditions, which could help it maintain a competitive edge in the industry.
See More
Rising Oil Prices Trigger Inflation Concerns
- Oil Price Surge: Brent crude closed at $101.30, up 10.11%, while West Texas Intermediate finished at $96.38, up 10.46%, indicating heightened sensitivity in global markets to rising oil prices, which could lead to reduced consumer spending and impact economic growth.
- Inflation Concerns Rise: The surge in oil prices and geopolitical tensions have heightened investor worries about future inflation, driving U.S. Treasury yields higher, with the 30-year bond yield reaching 4.88% and the 10-year note at 4.26%, potentially dampening corporate investment and consumer confidence.
- Weak Stock Market Performance: All four major U.S. indices closed lower, with the Nasdaq down 1.74%, and both the Dow Jones and S&P 500 down 1.48%, while the small-cap Russell 2000 fell 2.12%, reflecting a pessimistic sentiment regarding economic prospects.
- Crypto Market Stability: Despite rising oil prices and escalating tensions in the Middle East, Bitcoin stabilized around $70,000, indicating ongoing demand for crypto assets, even as some short-term selling pressure emerged among holders, with Bitcoin continuing to outperform traditional risk assets.
See More
Ollie's Bargain Outlet Upgraded by Wells Fargo
- Rating Upgrade: Wells Fargo upgraded Ollie's Bargain Outlet from equal weight to overweight, with analyst Edward Kelly raising the price target from $120 to $130, reflecting a 24% upside from Thursday's closing price and indicating strong confidence in the company's future performance.
- Sales Growth: Although Ollie's reported in-line earnings and a revenue miss in Q4, same-store sales grew by 3.6%, slightly beating FactSet consensus, leading to a 1% stock increase post-announcement, which reflects market recognition of its performance.
- Market Outlook: The analyst highlighted that Ollie's stands to benefit from the
See More
Ollie’s Bargain Outlet Exceeds Q4 Earnings Expectations
- Strong Performance: Ollie’s reported adjusted earnings per share of $1.39 for Q4, meeting expectations, although quarterly sales of $779.256 million, up 16.8% year-over-year, fell short of the $783.271 million consensus, indicating both growth potential and challenges ahead.
- Sales Growth Drivers: Comparable store sales increased by 3.6%, driven by higher basket sizes and transaction volumes, with seasonal items, consumables, hardware, stationery, and sporting goods leading the quarter's performance, reflecting diverse consumer demand.
- Expansion and Buybacks: Ollie’s opened a record 86 new stores during the fiscal year, bringing the total to 645 across 34 states, a 15.4% increase; additionally, the company repurchased $33.6 million in common stock in Q4 and $73.8 million for the full year, demonstrating a commitment to shareholder returns.
- Future Outlook: Ollie’s expects adjusted earnings for fiscal 2026 to be between $4.40 and $4.50 per share, with sales projected at $2.985 billion to $3.013 billion, planning to open 75 new stores and anticipating about 2% comparable store sales growth by January 30, 2027, showcasing confidence in sustained growth and strategic positioning.
See More
Ollie's Q4 Earnings Miss Expectations with Revenue Growth
- Earnings Miss: Ollie's reported a Q4 non-GAAP EPS of $1.39, missing expectations by $0.02, indicating pressure on profitability that may affect investor confidence.
- Revenue Growth Shortfall: Revenue increased by 16.8% year-over-year to $779.26 million, yet fell short of market expectations by $4.45 million, reflecting a slowdown in sales growth.
- Store Expansion Success: The company opened a record 86 new stores during the fiscal year, bringing the total to 645 across 34 states, representing a 15.4% increase, showcasing a positive trend in market expansion.
- Cautious Outlook: Ollie's projects net sales for fiscal year 2026 to be between $2.985 billion and $3.013 billion, below consensus, with comparable store sales growth expected at around 2%, indicating challenges ahead for future growth.
See More
Ollie's Bargain Outlet Set to Release Q4 Earnings on March 12
- Earnings Announcement Preview: Ollie's Bargain Outlet is set to announce its Q4 earnings on March 12 before market open, with consensus EPS estimated at $1.41, reflecting an 18.5% year-over-year increase, and revenue expected at $783.71 million, up 17.5%, indicating solid performance in the retail sector.
- Historical Performance Review: Over the past two years, Ollie's has exceeded EPS estimates 75% of the time and revenue estimates 50% of the time, demonstrating a degree of reliability and stability in its financial performance.
- Expectation Revision Dynamics: In the last three months, EPS estimates have seen 10 upward revisions and 3 downward adjustments, while revenue estimates experienced 12 upward revisions and 1 downward, indicating growing analyst confidence in the company's future performance.
- Market Analysis Insights: Despite facing a 'noisy' Q1, RBC Capital believes that Ollie's growth potential for 2026 is underappreciated by investors, while Loop Capital rates it as a buy based on expansion, merchandise, and seasonal assortment, reflecting optimism about its long-term growth prospects.
See More
Key Wall Street Ratings Updates on Friday
- Nvidia Price Target Raised: Daiwa increased Nvidia's price target from $205 to $215, anticipating that CEO Jensen Huang will showcase multiple AI success stories at the upcoming GTC Conference, which could positively impact the company's future performance.
- Qiagen Upgrade to Buy: Deutsche Bank upgraded Qiagen from hold to buy, noting that despite a nearly 30% drop in shares since January, the current price reflects the removal of any acquisition premium, suggesting potential for future price recovery.
- Nio Earnings Visibility: HSBC upgraded Nio from hold to buy, highlighting that new models and growth in its core portfolio may support volume growth and margin expansion, thereby enhancing its competitive position in the EV market.
- Linde Pricing Power: JPMorgan upgraded Linde from neutral to overweight, asserting that the chemical company possesses strong pricing power under current market conditions, which could help it maintain a competitive edge in the industry.
See More
Rising Oil Prices Trigger Inflation Concerns
- Oil Price Surge: Brent crude closed at $101.30, up 10.11%, while West Texas Intermediate finished at $96.38, up 10.46%, indicating heightened sensitivity in global markets to rising oil prices, which could lead to reduced consumer spending and impact economic growth.
- Inflation Concerns Rise: The surge in oil prices and geopolitical tensions have heightened investor worries about future inflation, driving U.S. Treasury yields higher, with the 30-year bond yield reaching 4.88% and the 10-year note at 4.26%, potentially dampening corporate investment and consumer confidence.
- Weak Stock Market Performance: All four major U.S. indices closed lower, with the Nasdaq down 1.74%, and both the Dow Jones and S&P 500 down 1.48%, while the small-cap Russell 2000 fell 2.12%, reflecting a pessimistic sentiment regarding economic prospects.
- Crypto Market Stability: Despite rising oil prices and escalating tensions in the Middle East, Bitcoin stabilized around $70,000, indicating ongoing demand for crypto assets, even as some short-term selling pressure emerged among holders, with Bitcoin continuing to outperform traditional risk assets.
See More
Ollie's Bargain Outlet Upgraded by Wells Fargo
- Rating Upgrade: Wells Fargo upgraded Ollie's Bargain Outlet from equal weight to overweight, with analyst Edward Kelly raising the price target from $120 to $130, reflecting a 24% upside from Thursday's closing price and indicating strong confidence in the company's future performance.
- Sales Growth: Although Ollie's reported in-line earnings and a revenue miss in Q4, same-store sales grew by 3.6%, slightly beating FactSet consensus, leading to a 1% stock increase post-announcement, which reflects market recognition of its performance.
- Market Outlook: The analyst highlighted that Ollie's stands to benefit from the
See More
Ollie’s Bargain Outlet Exceeds Q4 Earnings Expectations
- Strong Performance: Ollie’s reported adjusted earnings per share of $1.39 for Q4, meeting expectations, although quarterly sales of $779.256 million, up 16.8% year-over-year, fell short of the $783.271 million consensus, indicating both growth potential and challenges ahead.
- Sales Growth Drivers: Comparable store sales increased by 3.6%, driven by higher basket sizes and transaction volumes, with seasonal items, consumables, hardware, stationery, and sporting goods leading the quarter's performance, reflecting diverse consumer demand.
- Expansion and Buybacks: Ollie’s opened a record 86 new stores during the fiscal year, bringing the total to 645 across 34 states, a 15.4% increase; additionally, the company repurchased $33.6 million in common stock in Q4 and $73.8 million for the full year, demonstrating a commitment to shareholder returns.
- Future Outlook: Ollie’s expects adjusted earnings for fiscal 2026 to be between $4.40 and $4.50 per share, with sales projected at $2.985 billion to $3.013 billion, planning to open 75 new stores and anticipating about 2% comparable store sales growth by January 30, 2027, showcasing confidence in sustained growth and strategic positioning.
See More
Ollie's Q4 Earnings Miss Expectations with Revenue Growth
- Earnings Miss: Ollie's reported a Q4 non-GAAP EPS of $1.39, missing expectations by $0.02, indicating pressure on profitability that may affect investor confidence.
- Revenue Growth Shortfall: Revenue increased by 16.8% year-over-year to $779.26 million, yet fell short of market expectations by $4.45 million, reflecting a slowdown in sales growth.
- Store Expansion Success: The company opened a record 86 new stores during the fiscal year, bringing the total to 645 across 34 states, representing a 15.4% increase, showcasing a positive trend in market expansion.
- Cautious Outlook: Ollie's projects net sales for fiscal year 2026 to be between $2.985 billion and $3.013 billion, below consensus, with comparable store sales growth expected at around 2%, indicating challenges ahead for future growth.
See More
