Goldman Sachs maintains Buy on Ollie's, cuts target to $112

0 min read | Published on 29 Jun 2026, 07:20 PM |Updated on 29 Jun 2026, 07:20 PM

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Radhika SScanX News Team

Key Highlights

Goldman Sachs analyst Kate McShane maintains a Buy rating on Ollie's Bargain Outlet but lowers the price target from $129 to $112, reflecting a revised valuation outlook.

*this image is generated using AI for illustrative purposes only.

Goldman Sachs analyst Kate McShane has maintained a Buy rating on Ollie's Bargain Outlet while reducing the price target to $112 from the previous $129. The revised target suggests a recalibration of the stock's near-term valuation despite the continued positive outlook on the company's performance.

Rating and Price Target Adjustment

The decision to lower the price target comes as the firm evaluates the current market conditions affecting the retailer. While the Buy rating remains intact, indicating confidence in the company's fundamental strength, the price target reduction signals a more conservative approach to its upside potential in the short term.

Key Details

Metric	Previous Value	Revised Value
Rating	Buy	Buy
Price Target	$129	$112

The stock, listed on NASDAQ under the ticker OLLI, continues to be viewed favorably by the analyst, though the revised target price suggests a tempered expectation for the stock's trajectory.

What specific market conditions prompted Goldman Sachs to recalibrate the near-term valuation?

How might Ollie's Bargain Outlet's performance compare to peers in the current retail environment?

Could the price target reduction signal a broader trend for discount retailers in the near term?

Ollie's enters 36th state with first New Mexico store

1 min read | Published on 10 Jun 2026, 06:28 PM |Updated on 10 Jun 2026, 06:28 PM

Reviewed by

Suketu GScanX News Team

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Key Highlights

Ollie's Bargain Outlet expanded its footprint to 36 states with the opening of a new store in Clovis, New Mexico, on June 10, 2026. The grand opening included special promotions and a ribbon-cutting ceremony. This location adds 50 to 60 new jobs to the local economy.

*this image is generated using AI for illustrative purposes only.

Ollie's Bargain Outlet, Inc. opened its first store in New Mexico on June 10, 2026, marking its entry into its 36th state. The new location is situated at 820 East 21st Street in Rockridge Plaza, Clovis. This expansion supports the retailer's strategy of westward growth, increasing its presence to 672 stores across the United States.

The grand opening event featured a ribbon-cutting ceremony at 9:00 AM and offered exclusive doorbuster deals and free giveaways. The store occupies the former Big Lots location. Ollie's positions itself as America's fastest-growing retailer of closeouts and excess inventory, offering brand name merchandise at prices up to 70% below traditional retailers.

Eric van der Valk, President and CEO of Ollie's, emphasized the significance of this expansion. "Our first location in New Mexico represents the next big step in our westward expansion," he stated. The retailer offers a wide range of categories, including housewares, food, bed and bath, health and beauty, books, toys, and lawn and garden.

The new Clovis store creates 50 to 60 new jobs, including positions for cashiers, managers, and store leaders. Ollie's currently employs over 14,000 associates. The company continues to recruit talent for its growing retail team through in-store applications and its careers portal.