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Update: BofA Securities Cuts Price Target on Ollie's Bargain Outlet to $105 From $115, Keeps Buy Rating

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(Updated to include BofA's commentary)

BofA Securities lowered its price target on Ollie's Bargain Outlet (OLLI) to $105 from $115 following Q2 results, where the company posted an EPS beat, as disappointing sales were offset by gross-margin expansion, helped by tariff refunds.

The brokerage raised its 2026 EPS estimate by 2% to $4.62 to reflect the quarterly beat, partially offset by a weaker sales and margin outlook for the second half of the year. However, it reduced its 2027 EPS estimate by 2% to $4.98 as the company laps tariff refunds.

Despite the lower target, the brokerage reiterated its Buy rating on the stock, viewing the retailer as a beneficiary of today's choppy macro environment given its value proposition should drive trade down.

Ollie's Bargain Outlet has an average rating of buy and mean price target of $100.07, according to analysts polled by FactSet.

(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

Price: $72.73, Change: $-1.15, Percent Change: -1.55%

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