Ollie's Bargain Outlet Holdings, Inc. operates as a retailer of brand name merchandise. The company offers housewares, bed and bath, food, floor coverings, health and beauty aids, books and stationery, toys, and electronics; and other products, including hardware, candy, clothing, sporting goods, pet and lawn, and garden products. It provides its products primarily under the Ollie's, Ollie's Bargain Outlet, Good Stuff Cheap, Ollie's Army, Real Brands Real Cheap!, Real Brands! Real Bargains, Sarasota Breeze, Steelton Tools, American Way, and Middleton Home names. As of January 30, 2021, it operated 388 stores in 25 states in the eastern half of the United States. The company was formerly known as Bargain Holdings, Inc. and changed its name to Ollie's Bargain Outlet Holdings, Inc. in March 2015. Ollie's Bargain Outlet Holdings, Inc. was founded in 1982 and is headquartered in Harrisburg, Pennsylvania.
IPO Year: 2015
Exchange: NASDAQ
Website: ollies.us
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/4/2025 | $125.00 → $111.00 | Buy → Hold | Jefferies |
| 12/18/2024 | $64.00 → $133.00 | Sell → Buy | Citigroup |
| 12/3/2024 | $100.00 → $95.00 | Overweight → Equal Weight | Wells Fargo |
| 8/26/2024 | $105.00 → $107.00 | Accumulate → Buy | Gordon Haskett |
| 6/17/2024 | $105.00 | Neutral → Overweight | JP Morgan |
| 5/6/2024 | $92.00 | Buy | BofA Securities |
| 5/3/2024 | $80.00 → $86.00 | Hold → Buy | Truist |
| 4/5/2024 | $80.00 → $90.00 | Hold → Buy | Loop Capital |
| 10/17/2023 | $75.00 → $83.00 | Neutral → Buy | Goldman |
| 4/17/2023 | $56.00 → $66.00 | Underweight → Neutral | JP Morgan |
HARRISBURG, Pa., March 19, 2025 (GLOBE NEWSWIRE) -- Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) (the "Company") announced today that its Board of Directors has unanimously approved a new share repurchase authorization for the repurchase of an additional $300 million of the Company's outstanding common stock. This new authorization is effective through March 31, 2029. The Company may repurchase the shares in open market transactions, privately negotiated transactions, or a combination of the foregoing. Share repurchase decisions are at the Company's discretion based on market conditions, business considerations and other factors. Since Ollie's enacted its first share buyback in 2019
~ Q4 Comparable Store Sales increased 2.8% ~ ~ Q4 Earnings per Share and Adjusted Earnings per Share were $1.11 and $1.19 ~ ~ Targeting 75 New Store Openings for Fiscal 2025 ~ HARRISBURG, Pa., March 19, 2025 (GLOBE NEWSWIRE) -- Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) (the "Company") today reported financial results for the fourth quarter and full-year fiscal 2024. Fourth Quarter Summary: Total net sales increased 2.8% to $667.1 million. Excluding the impact of the 53rd week in fiscal 2023, net sales increased 8.5%. Net sales in the 53rd week of fiscal 2023 were $34.0 million and contributed approximately $0.04 to diluted earnings per share.Comparable store sales increased
HARRISBURG, Pa., March 05, 2025 (GLOBE NEWSWIRE) -- Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) (the "Company") today announced it will release its fourth quarter and full-year fiscal 2024 financial results before the market opens on Wednesday, March 19, 2025. At 8:30 a.m. Eastern Time on the same day, Eric van der Valk, President and Chief Executive Officer, and Robert Helm, Executive Vice President and Chief Financial Officer, will host the call with the investment community to discuss the financial results and answer questions. To access the live conference call, please pre-register here. Registrants will receive a confirmation with dial-in instructions. Interested parties
HARRISBURG, Pa., Feb. 27, 2025 (GLOBE NEWSWIRE) -- Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) (the "Company") today announced the acquisition of 40 former Big Lots store leases from Gordon Brothers. The acquisition of the additional store leases is subject to final bankruptcy court approval and customary closing conditions. Including the 40 additional Big Lots locations, the Company has acquired a total of 63 former Big Lots store leases to date. Eric van der Valk, President and Chief Executive Officer of Ollie's stated, "We are excited to announce the acquisition of an additional 40 former Big Lot store locations. Everything about these stores lines up well with our business and
Good Stuff Cheap Coming to Fond Du Lac, Sheboygan, West Bend, and Mt. Pleasant HARRISBURG, Pa., Feb. 12, 2025 /PRNewswire/ -- Ollie's, America's largest retailer of closeout merchandise and excess inventory, announced the Grand Opening of four new stores in Wisconsin! The new locations, all former Big Lots stores, will bring brand name bargains to the Fond Du Lac, Sheboygan, West Bend, and Mt. Pleasant markets. Shoppers will find everyday low prices on books, flooring, food, housewares, toys, electronics, stuff for your bedroom and bathroom, health and beauty products, pet supplies, and so much more for up to 70% off the fancy store prices! Check the grand opening on Wednesday, February 12th
HARRISBURG, Pa., Feb. 03, 2025 (GLOBE NEWSWIRE) -- Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) (the "Company") today announced the appointment of Eric van der Valk to President & Chief Executive Officer, effective February 2, 2025. In connection with his appointment to CEO, Eric van der Valk has also been added to the Company's Board of Directors, thereby increasing the total number of directors to ten from nine. In conjunction with this, John Swygert has been appointed to Executive Chairman of the Board. These transitions complete the Company's Leadership Succession Plan, which was previously announced in June 2024. Eric van der Valk commented, "I am honored to continue to serv
~ Net Sales increased 7.8% ~ ~ Earnings per Share increased 13.7% to $0.58 ~ ~ Opened Record 24 new stores this quarter ~ HARRISBURG, Pa., Dec. 10, 2024 (GLOBE NEWSWIRE) -- Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) (the "Company") today reported financial results for the third quarter ended November 2, 2024. Third Quarter Summary: Total net sales increased 7.8% to $517.4 million.Comparable store sales decreased 0.5% from the prior year increase of 7.0%.The Company opened 24 new stores and closed three stores, including two permanent closures and one temporary closure related to Hurricane Helene, ending the quarter with 546 stores in 31 states, a year-over-year increase in st
HARRISBURG, Pa., Nov. 20, 2024 (GLOBE NEWSWIRE) -- Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) (the "Company") announced today that it will release its financial results for the third quarter of fiscal year 2024 on Tuesday, December 10, 2024, before the market opens. Following the release, at 8:30 a.m. Eastern Time, the Company's management team will host a conference call to discuss its results. To access the live conference call, please pre-register here. Registrants will receive a confirmation with dial-in instructions. Interested parties can also listen to a live webcast or replay of the conference call by logging on to the Investor Relations section on the Company's website a
HARRISBURG, Pa., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) (the "Company") today announced that it was the winning bidder in the latest bankruptcy sale process to acquire eight additional former Big Lots store leases. The eight stores were part of a bankruptcy auction for the second wave of Big Lots store closures, which included 170 stores. The acquisition of the eight additional store leases are subject to final bankruptcy court approval and customary closing conditions. Including these eight additional Big Lots locations, the Company has acquired a total of 15 former Big Lots store leases to date. Eric van der Valk, President of Ollie's state
HARRISBURG, Pa., Oct. 01, 2024 (GLOBE NEWSWIRE) -- Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) (the "Company") today announced that it was the winning bidder in a bankruptcy sale process to acquire seven former Big Lots, Inc. ("Big Lots") store leases. The seven stores were part of a bankruptcy auction for the first wave of Big Lots store closures, which included 143 stores. Six of the seven stores have already completed the sale hearing process and received final approval from the United States Bankruptcy Court for the District of Delaware. The remaining one store is subject to final bankruptcy court approval and customary closing conditions. John Swygert, Chief Executive Officer
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~ Q4 Comparable Store Sales increased 2.8% ~ ~ Q4 Earnings per Share and Adjusted Earnings per Share were $1.11 and $1.19 ~ ~ Targeting 75 New Store Openings for Fiscal 2025 ~ HARRISBURG, Pa., March 19, 2025 (GLOBE NEWSWIRE) -- Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) (the "Company") today reported financial results for the fourth quarter and full-year fiscal 2024. Fourth Quarter Summary: Total net sales increased 2.8% to $667.1 million. Excluding the impact of the 53rd week in fiscal 2023, net sales increased 8.5%. Net sales in the 53rd week of fiscal 2023 were $34.0 million and contributed approximately $0.04 to diluted earnings per share.Comparable store sales increased
HARRISBURG, Pa., March 05, 2025 (GLOBE NEWSWIRE) -- Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) (the "Company") today announced it will release its fourth quarter and full-year fiscal 2024 financial results before the market opens on Wednesday, March 19, 2025. At 8:30 a.m. Eastern Time on the same day, Eric van der Valk, President and Chief Executive Officer, and Robert Helm, Executive Vice President and Chief Financial Officer, will host the call with the investment community to discuss the financial results and answer questions. To access the live conference call, please pre-register here. Registrants will receive a confirmation with dial-in instructions. Interested parties
HARRISBURG, Pa., Feb. 27, 2025 (GLOBE NEWSWIRE) -- Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) (the "Company") today announced the acquisition of 40 former Big Lots store leases from Gordon Brothers. The acquisition of the additional store leases is subject to final bankruptcy court approval and customary closing conditions. Including the 40 additional Big Lots locations, the Company has acquired a total of 63 former Big Lots store leases to date. Eric van der Valk, President and Chief Executive Officer of Ollie's stated, "We are excited to announce the acquisition of an additional 40 former Big Lot store locations. Everything about these stores lines up well with our business and
~ Net Sales increased 7.8% ~ ~ Earnings per Share increased 13.7% to $0.58 ~ ~ Opened Record 24 new stores this quarter ~ HARRISBURG, Pa., Dec. 10, 2024 (GLOBE NEWSWIRE) -- Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) (the "Company") today reported financial results for the third quarter ended November 2, 2024. Third Quarter Summary: Total net sales increased 7.8% to $517.4 million.Comparable store sales decreased 0.5% from the prior year increase of 7.0%.The Company opened 24 new stores and closed three stores, including two permanent closures and one temporary closure related to Hurricane Helene, ending the quarter with 546 stores in 31 states, a year-over-year increase in st
HARRISBURG, Pa., Nov. 20, 2024 (GLOBE NEWSWIRE) -- Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) (the "Company") announced today that it will release its financial results for the third quarter of fiscal year 2024 on Tuesday, December 10, 2024, before the market opens. Following the release, at 8:30 a.m. Eastern Time, the Company's management team will host a conference call to discuss its results. To access the live conference call, please pre-register here. Registrants will receive a confirmation with dial-in instructions. Interested parties can also listen to a live webcast or replay of the conference call by logging on to the Investor Relations section on the Company's website a
HARRISBURG, Pa., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) (the "Company") today announced that it was the winning bidder in the latest bankruptcy sale process to acquire eight additional former Big Lots store leases. The eight stores were part of a bankruptcy auction for the second wave of Big Lots store closures, which included 170 stores. The acquisition of the eight additional store leases are subject to final bankruptcy court approval and customary closing conditions. Including these eight additional Big Lots locations, the Company has acquired a total of 15 former Big Lots store leases to date. Eric van der Valk, President of Ollie's state
HARRISBURG, Pa., Oct. 01, 2024 (GLOBE NEWSWIRE) -- Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) (the "Company") today announced that it was the winning bidder in a bankruptcy sale process to acquire seven former Big Lots, Inc. ("Big Lots") store leases. The seven stores were part of a bankruptcy auction for the first wave of Big Lots store closures, which included 143 stores. Six of the seven stores have already completed the sale hearing process and received final approval from the United States Bankruptcy Court for the District of Delaware. The remaining one store is subject to final bankruptcy court approval and customary closing conditions. John Swygert, Chief Executive Officer
~ Comparable Store Sales increased 5.8% ~ ~ Earnings per Share increased 16.2% to $0.79 ~ ~ Adjusted Earnings per Share increased 16.4% to $0.78 ~ ~ Raising Fiscal Year Sales and Earnings Outlook ~ HARRISBURG, Pa., Aug. 29, 2024 (GLOBE NEWSWIRE) -- Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) (the "Company") today reported financial results for the second quarter ended August 3, 2024. Second Quarter Summary: Total net sales increased 12.4% to $578.4 million. Comparable store sales increased 5.8% from the prior year increase of 7.9%.The Company opened nine new stores, ending the quarter with 525 stores in 31 stat
HARRISBURG, Pa., Aug. 15, 2024 (GLOBE NEWSWIRE) -- Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) (the "Company") announced today that it will release its financial results for the second quarter of fiscal year 2024 on Thursday, August 29, 2024, before the market opens. Following the release, at 8:30 a.m. Eastern Time, the Company's management team will host a conference call to discuss its results. To access the live conference call, please pre-register here. Registrants will receive a confirmation with dial-in instructions. Interested parties can also listen to a live webcast or replay of the conference call by logging on to the Investor Relations section on the Company's websi
~ Comparable Store Sales increased 3.0% ~~ Earnings per Share increased 50.0% to $0.75 ~~ Adjusted Earnings per Share increased 49.0% to $0.73 ~~ Raising Fiscal Year Sales and Earnings Outlook ~ HARRISBURG, Pa., June 05, 2024 (GLOBE NEWSWIRE) -- Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) (the "Company") today reported financial results for the first quarter ended May 4, 2024. First Quarter Summary: Total net sales increased 10.8% to $508.8 million.Comparable store sales increased 3.0% from the prior year increase of 4.5%.The Company opened 4 new stores, ending the quarter with 516 stores in 30 states, a year-over-year increase in store count of 8.4%.Operating income increased 4
HARRISBURG, Pa., Feb. 03, 2025 (GLOBE NEWSWIRE) -- Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) (the "Company") today announced the appointment of Eric van der Valk to President & Chief Executive Officer, effective February 2, 2025. In connection with his appointment to CEO, Eric van der Valk has also been added to the Company's Board of Directors, thereby increasing the total number of directors to ten from nine. In conjunction with this, John Swygert has been appointed to Executive Chairman of the Board. These transitions complete the Company's Leadership Succession Plan, which was previously announced in June 2024. Eric van der Valk commented, "I am honored to continue to serv
HARRISBURG, Pa., Dec. 01, 2023 (GLOBE NEWSWIRE) -- Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) (the "Company") today announced the appointment of Mary Baglivo as a member of its Board of Directors and as a member of the Nominating and Corporate Governance Committee. Ms. Baglivo is an independent director under applicable SEC and NASDAQ rules. Mary Baglivo is an experienced Chief Executive and Chief Marketing Officer, with deep expertise in brand strategy, marketing, advertising, strategic communications, and general business operations. She has held roles as Chief Executive Officer of global advertising agencies, Saatchi & Saatchi, Arnold Worldwide, Panoramic Marketing, and Euro R
HARRISBURG, Pa., Nov. 29, 2022 (GLOBE NEWSWIRE) -- Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) today announced the appointment of Abid Rizvi as a member of its Board of Directors. Mr. Rizvi currently serves as the Chief Executive Officer of AriZona Beverages, a position he has held since 2020. He joined the company behind the iconic 99c Big Can in 2016 and held other leadership positions before assuming the role of the CEO. Mr. Rizvi also brings over 20 years of experience in consumer investment banking, serving as Managing Director and Head of Consumer and Retail Mergers & Acquisitions at RBC Capital Markets, LLC, from 2014 to 2016, and the Americas Head of Consumer and Head of
Jefferies downgraded Ollie’s Bargain Outlet from Buy to Hold and set a new price target of $111.00 from $125.00 previously
Citigroup upgraded Ollie’s Bargain Outlet from Sell to Buy and set a new price target of $133.00 from $64.00 previously
Wells Fargo downgraded Ollie’s Bargain Outlet from Overweight to Equal Weight and set a new price target of $95.00 from $100.00 previously
Gordon Haskett upgraded Ollie’s Bargain Outlet from Accumulate to Buy and set a new price target of $107.00 from $105.00 previously
JP Morgan upgraded Ollie’s Bargain Outlet from Neutral to Overweight and set a new price target of $105.00
BofA Securities resumed coverage of Ollie’s Bargain Outlet with a rating of Buy and set a new price target of $92.00
Truist upgraded Ollie’s Bargain Outlet from Hold to Buy and set a new price target of $86.00 from $80.00 previously
Loop Capital upgraded Ollie’s Bargain Outlet from Hold to Buy and set a new price target of $90.00 from $80.00 previously
Goldman upgraded Ollie’s Bargain Outlet from Neutral to Buy and set a new price target of $83.00 from $75.00 previously
JP Morgan upgraded Ollie’s Bargain Outlet from Underweight to Neutral and set a new price target of $66.00 from $56.00 previously
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