Ollie's Bargain Outlet Holdings, Inc. OLLI

Consumer DiscretionaryDiversified RetailUnited States of America

Last close 90.26 USD on Nov 1, 2026, −17.7% year to date

Quant rating

Quant rating B Rank 85 of 344 in Consumer Discretionary

Growth B 89 of 344
Valuation C 214 of 344
Quality B 60 of 344
Revisions B 87 of 344
Momentum C 146 of 344

Wall Street consensus Buy (1.94)Average target 100.19 USD +11.0%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 5.4B
Enterprise value: 5.2B
52-week range: 60.49 – 130.29
3-year range: 60.49 – 140.80
Dividend yield: –
Beta (5 years): 0.36
Shares outstanding: 59.4M
Next earnings: Dec 9, 2026

About the company

Ollie's Bargain Outlet Holdings, Inc. operates as a retailer of closeout merchandise and excess inventory. The Company and its subsidiaries principally buys overproduced, overstocked, and closeout merchandise from manufacturers, wholesalers, distributors, brokers, and other retailers. In addition, it augments its name-brand closeout deals with private label products. It offers customers a selection of brand name products, including housewares, bed and bath, food, floor coverings, health and beauty aids, books and stationery, toys, and electronics. The Company operates over 645 stores in 34 states. The Company's retail locations are located in Alabama, Arkansas, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, Mississippi, Missouri, New Jersey, New York, North Carolina, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Vermont, Virginia, West Virginia, and Wisconsin.

Growth and profitability fiscal year ends January 31

Growth and profitability by fiscal year
	2026	2025	2024	2023	2022	5Y avg
Revenue (mil)	2,649	2,272	2,103	1,827	1,753	–
Revenue growth	16.6%	8.0%	15.1%	4.2%	−3.1%	7.9%
EPS (basic, normalized)	3.86	3.28	2.91	1.62	2.36	–
EPS growth	17.7%	12.7%	79.6%	−31.4%	–	–
Gross margin	40.5%	40.3%	39.6%	35.9%	38.9%	39.0%
Net margin	9.1%	8.8%	8.6%	5.6%	9.0%	8.2%
ROE	13.4%	12.5%	12.6%	7.8%	12.0%	11.7%

Balance sheet, last quarter
Cash & short-term investments (mil)	188
Current ratio	2.23x
Long-term debt (mil)	1.4
Net debt (mil)	−185
Total equity (mil)	1,896
Net debt / equity	−0.10x
Net debt / EBITDA	−0.51x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2026 actual	2,649	+16.6%	2.0x	366	+19.7%	14.1x	3.86	+17.7%	23.4x
2027	2,958	+11.7%	1.7x	419	+14.6%	12.3x	4.61	+19.4%	19.6x
2028	3,262	+10.3%	1.6x	443	+5.6%	11.7x	4.95	+7.3%	18.3x
2029	3,591	+10.1%	1.4x	473	+6.8%	10.9x	5.42	+9.7%	16.6x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2027	2,958	+0.8%	−0.5%	−1.5%	4.61	+0.1%	+3.3%	+2.9%
2028	3,262	0.0%	−1.2%	−2.5%	4.95	+0.1%	−2.7%	−3.5%
2029	3,591	0.0%	−1.6%	−3.5%	5.42	0.0%	−6.0%	−5.3%

Earnings surprises EPS beat in 4 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Apr 2024	Jul 2024	Oct 2024	Jan 2025	Apr 2025	Jul 2025	Oct 2025	Jan 2026	Apr 2026	Jul 2026
Sales reported (mil)	509	578	517	667	577	680	614	779	659	741
Sales mean (mil)	506	561	517	675	566	669	614	783	662	753
Surprise	+0.6%	+3.1%	0.0%	−1.2%	+1.9%	+1.6%	−0.1%	−0.5%	−0.5%	−1.5%
EPS reported	0.73	0.78	0.57	1.19	0.75	0.99	0.75	1.39	0.91	1.42
EPS mean	0.65	0.78	0.57	1.19	0.71	0.94	0.73	1.39	0.87	1.14
Surprise	+13.0%	0.0%	−0.4%	−0.4%	+5.6%	+5.2%	+2.4%	+0.1%	+4.3%	+25.0%

Peer comparison Diversified Retail

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
OLLI Ollie's Bargain Outlet Holdings, Inc.	5.4B	−0.51x	9.1%	2.84x	19.6x	18.3x	12.3x	11.7x
COST Costco Wholesale Corp	448.6B	−1.05x	3.0%	12.53x	44.4x	40.5x	26.9x	24.7x
TGT Target Corp	70.1B	1.26x	3.5%	3.93x	14.7x	16.1x	8.2x	8.7x
DG Dollar General Corp	29.2B	0.92x	3.5%	3.14x	16.8x	15.9x	8.9x	8.6x
DLTR Dollar Tree Inc	25.1B	0.81x	6.3%	7.33x	16.9x	17.0x	9.6x	9.7x
W Wayfair Inc.	15.9B	2.28x	−2.5%	−5.67x	39.7x	29.6x	20.3x	17.1x
Mean		0.62x	3.8%	4.02x	25.3x	22.9x	14.4x	13.4x
Median		0.86x	3.5%	3.54x	18.2x	17.6x	11.0x	10.7x

Technical analysis

1M+5.5%
3M+30.9%
1Y−27.5%
3Y+19.7%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Ollie's Bargain Outlet Holdings, Inc., fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Total revenue	2,649	2,272	2,103	1,827	1,753	1,809
Cost of revenue	1,576	1,357	1,270	1,171	1,072	1,085
Gross profit	1,073	914	832	656	681	723
Selling, general & administrative expenses	734	632	577	503	457	429
Research & development	–	–	–	–	–	–
Depreciation/amortization	41.0	33.2	27.8	22.9	19.4	16.7
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	–	–	0	−0.9	0.4	0
Other operating expenses	0	0	0	0	0	0
Operating income	298	250	228	131	205	278
Net interest income (expense)	18.7	16.3	14.7	3.0	−0.2	0.3
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	0	0	0	0	0	0
Net income before taxes	316	266	242	134	204	278
Provision for taxes	75.8	66.1	61.0	31.1	46.9	35.1
Minority interest	–	–	–	–	–	–
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	241	200	181	103	157	243
Extraordinary items	–	–	–	–	–	–
Net income	241	200	181	103	157	243
EBIT, normalized	298	250	228	130	205	278
EBITDA, normalized	353	294	263	159	230	300
Basic EPS, normalized	3.86	3.28	2.91	1.62	2.36	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Ollie's Bargain Outlet Holdings, Inc., fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Assets
Cash & short-term investments	296	429	353	271	247	447
Receivables	3.8	2.4	2.2	2.4	1.4	0.6
Total inventory	650	553	506	471	467	354
Prepaid expenses	13.7	10.2	10.2	10.6	11.2	7.3
Other current assets	0	0	0	0	0	0
Total current assets	964	994	871	754	727	809
Property, plant & equipment	1,046	890	746	612	568	519
Goodwill	445	445	445	445	445	445
Intangibles	231	231	231	231	231	231
Long-term investments	266	–	–	–	–	–
Note receivable	–	–	–	–	–	–
Other long-term assets	2.9	2.2	2.2	2.1	2.2	2.4
Total assets	2,955	2,561	2,295	2,044	1,972	2,006
Liabilities
Accounts payable	169	130	128	90.2	107	117
Payable/accrued	–	–	–	–	–	–
Accrued expenses	195	156	159	155	144	145
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	0.6	0.6	0.6	0.4	0.3	0.3
Other current liabilities	35.1	17.7	27.6	13.7	12.6	21.0
Total current liabilities	400	304	316	259	263	284
Long-term debt	1.0	1.0	1.0	0.9	0.7	0.7
Minority interest	–	–	–	–	–	–
Other liabilities	665	560	470	422	420	387
Total liabilities	1,067	866	786	682	684	671
Shareholders' equity
Preferred stock	0	0	0	0	0	0
Common stock	0.1	0.1	0.1	0.1	0.1	0.1
Additional paid-in capital	761	735	695	678	664	649
Retained earnings (accumulated deficit)	1,608	1,368	1,168	987	884	726
Treasury stock	−482	−408	−355	−302	−260	−40.4
Other equity	0	0	0	0	0	0
Total equity	1,888	1,695	1,508	1,362	1,288	1,335
Total liabilities & shareholders' equity	2,955	2,561	2,295	2,044	1,972	2,006

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Ollie's Bargain Outlet Holdings, Inc., fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Operating activities
Net income	241	200	181	103	157	243
Depreciation, depletion & amortization	55.2	44.0	34.9	28.7	24.9	22.5
Deferred taxes	8.8	9.2	1.2	4.5	1.1	5.7
Non-cash items	11.9	18.0	11.5	9.9	8.1	6.8
Changes in working capital	−19.9	−43.5	25.4	−31.5	−147	83.7
Cash from operations	297	227	254	114	45.0	361
Investing activities
Capital expenditures	−102	−121	−124	−51.7	−35.0	−30.6
Other investing cash flows	−78.0	−135	−25.7	−59.8	3.2	0.1
Cash from investing	−180	−255	−150	−111	−31.8	−30.4
Financing activities
Financing cash flow items	−5.7	−3.1	−1.9	−0.6	−1.3	−1.0
Cash dividends paid	–	–	–	–	–	–
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−56.4	−30.1	−46.9	−38.7	−212	27.3
Cash from financing	−62.1	−33.3	−48.7	−39.3	−213	26.4
Foreign exchange effects	–	–	–	–	–	–
Net change in cash	54.6	−61.1	55.7	−36.4	−200	357
Free cash flow	195	107	130	62.7	10.0	331

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.