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Investing.com - KeyBanc maintained its Overweight rating and $145.00 price target on Ollie’s Bargain Outlet (NASDAQ:OLLI) stock following the company’s strong second-quarter performance. The target sits within the broader analyst range of $118-$159, with InvestingPro data showing the stock currently trading above its Fair Value.
The retailer exceeded Wall Street expectations with its quarterly results, which KeyBanc attributed to broad-based strength and a successful Ollie’s Army Night promotion held in June. The company’s impressive performance is reflected in its 51.2% stock return over the past year and 10.14% revenue growth in the last twelve months.
KeyBanc noted that Ollie’s performance was even stronger than the upside potential the firm had previously anticipated in its proprietary Key First Look Data.
Based on strong first-half results, Ollie’s raised its 2025 guidance above Street expectations, with KeyBanc suggesting the new guidance could still prove conservative.
KeyBanc considers Ollie’s one of its favorite small and mid-cap growth ideas, noting that in a consumer environment where middle-tier retailers face pressure, Ollie’s focus on closeout goods positions it to continue flourishing. The company maintains a strong financial position with a current ratio of 2.63, indicating healthy liquidity to support its growth strategy.
In other recent news, Ollie’s Bargain Outlet reported strong financial results for the second quarter of 2025, surpassing analyst expectations. The company achieved an earnings per share of $0.99, exceeding the forecast of $0.92, and reported revenue of $680 million, above the anticipated $660.75 million. Jefferies has raised its price target for Ollie’s Bargain Outlet to $135, noting the company’s strong growth, including a 17% increase in store growth year-over-year and a 5% rise in comparable store sales. Truist Securities also increased its price target for the company to $148, maintaining a Buy rating. Truist highlighted Ollie’s 5% second-quarter comparable sales growth, which surpassed their estimate of 3%. This growth was partly driven by the company’s "Army Night" promotion. These recent developments underscore Ollie’s positive market momentum and financial performance.
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