Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) stock soared to a new all-time high of $134.62, pushing the company’s market capitalization to $8.23 billion. The stock has delivered an impressive 20.44% return year-to-date, reflecting strong investor confidence and Ollie’s solid standing in the retail sector.
This latest surge underscores the company’s robust performance and momentum, with analysts closely monitoring whether this upward trend will continue in the months ahead.
In recent developments, Ollie’s reported a 2.6% increase in comparable-store sales, beating UBS’s forecast of 2.0% and the consensus estimate of 1.7%. Following these results, Piper Sandler slightly adjusted its price target to $123 from $124 while maintaining an Overweight rating. KeyBanc raised its target to $145 from $135, citing a strong long-term outlook and naming Ollie’s a top pick for 2025. Citi reiterated a Buy rating with a $133 target, highlighting Ollie’s role as a retail market share gainer. Meanwhile, Morgan Stanley kept an Equalweight rating with a $118 target, reflecting a balanced view of growth opportunities and risks.
Analysts note that Ollie’s is well-positioned to capitalize on market opportunities, including integrating assets from Big Lots (NYSE: BIG) and other liquidated retailers. The company’s favorable closeout inventory sourcing is expected to bolster its performance. Despite current economic challenges, the outlook for Ollie’s growth remains optimistic.
Ollies Bargain Outlet Holdings stock price
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