RBC Capital Maintains Outperform Rating for Ollie's Bargain Outlet with Increased Price Target
RBC Capital reiterates Ollie’s Bargain stock rating at outperform
Investing Australia
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RBC Capital has reiterated an Outperform rating for Ollie's Bargain Outlet (NASDAQ:OLLI) with a new price target of $155.00. Despite a 16% year-to-date decline, analysts believe the stock is undervalued, supported by a recent 3.6% increase in comparable sales exceeding estimates.
- 01RBC Capital raised its price target for Ollie's Bargain Outlet to $155.00.
- 02The stock has dropped 16% year-to-date and is currently trading at $92.04.
- 03Analysts view the stock as undervalued based on Fair Value analysis.
- 04Ollie's reported a 3.6% increase in fourth-quarter comparable sales, surpassing estimates.
- 05Leadership changes include the retirement of Senior VP Kevin McLain in 2026.
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RBC Capital has reaffirmed its Outperform rating for Ollie's Bargain Outlet (NASDAQ:OLLI) and increased the price target from $147 to $155.00. Despite the stock's decline of 16% this year and being approximately 34% below its August highs, analysts believe it is undervalued, trading at a price-to-earnings (P/E) ratio of 23.63. Recent data shows that the five-year median P/E multiple is around 29 times, indicating potential upside. The company reported a 3.6% increase in fourth-quarter comparable sales, which exceeded UBS’s estimate of 3.0% and the consensus estimate of 3.3%. RBC Capital hosted a non-deal roadshow, connecting with over 40 investors, and noted that the stock remains a topic of debate among investors. In leadership news, Ollie's announced the retirement of Senior Vice President Kevin McLain, effective May 1, 2026, with Shane Thornton set to succeed him. These developments highlight the company's strategic adjustments amid market evaluations.
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