Ollie’s Bargain Outlet price target lowered to $131 from $132 at Goldman Sachs

Goldman Sachs lowered the firm’s price target on Ollie’s Bargain Outlet (OLLI) to $131 from $132 and keeps a Buy rating on the shares after its Q4 results. The stock’s post-earnings gains were driven by the comp beat, an acceleration of new store expansion in 2025, their new share repurchase program, and the continued benefit from Big Lots store closures, though the firm is cutting its price target to reflect a lower market multiple, the analyst tells investors in a research note. Trends have been slow in February but management has seen improvement due to weather improving and the end of Big Lots liquidations, the firm adds.