Piper Sandler analyst Peter J. Keith reiterated an Overweight rating and $100.00 price target on Ollie's Bargain Outlet (NASDAQ: OLLI).

The analyst commented: "Comp Improvement + Depressed Valuation = Solid Bounce-back Candidate; OLLI continues to look like a solid bounce-back candidate. Certainly, YTD has been tougher than expected with shares -23% for 2026, as 1H comp ran at average of flat and valuation pushed down to an all-time low of ~14x (despite OLLI remaining one of very few publicly traded retailers with double-digit % store growth), as Q2 comp went negative on the toughest compare in years. However, our ongoing pricing analysis suggests no structural headwinds with OLLI maintaining a -40% price gap to WMT and AMZN. Additionally, Q3 QTD Placer traffic data suggests the Q3 comp trend is running in-line or better than Q3 comp guide of flat. And, while a flattish YTD comp trend raises investor questions, we can see a clear drop-off in store traffic once gas prices stepped higher in March. All in, OLLI sets up well for both modest upside to guidance and valuation expansion."

For an analyst ratings summary and ratings history on Ollie's Bargain Outlet click here. For more ratings news on Ollie's Bargain Outlet click here.

Shares of Ollie's Bargain Outlet closed at $85.33 yesterday.