Wall Street Sets Target at $130, Yet U.S. Discount Retailer Drops 5%

Ollie’s Bargain Outlet Holdings, Inc. (Nasdaq: OLLI) closed at $92.39 on April 9—a 5.06% decline—equivalent to about 120,000 KRW per share. Trading volume reached 1.22 million shares, and the company’s market capitalization contracted to roughly $5.6 billion (≈7.3 trillion KRW), wiping out nearly $270 million (≈350 billion KRW) in value in a single session.

In mid-March, Ollie’s reported fiscal 2025 fourth-quarter results, posting mid-teens percentage revenue growth and earnings that exceeded analysts’ expectations. The company guided fiscal 2026 revenue between $2.98 billion and $3.01 billion and announced plans to open 75 new stores. On April 1, Wells Fargo added OLLI to its second-quarter tactical ideas list, assigning an Overweight rating with a $130 price target. Institutional investor Retirement Systems of Alabama also disclosed a 36.5% increase in its stake during last year’s fourth quarter.

Headquartered in Pennsylvania, Ollie’s operates a discount retail chain specializing in overstock and customer-returned merchandise under well-known brand names. With several hundred stores concentrated in the U.S. East Coast, it competes with traditional off-price retailers such as Big Lots. Analysts say that amid slowing economic growth and persistent inflation, rising demand for value shopping could structurally benefit Ollie’s business model of buying inventory at a discount and reselling it at low prices.