(Updated to include BofA's commentary)

BofA Securities lowered its price target on Ollie's Bargain Outlet (OLLI) to $105 from $115 following Q2 results, where the company posted an EPS beat, as disappointing sales were offset by gross-margin expansion, helped by tariff refunds.

The brokerage raised its 2026 EPS estimate by 2% to $4.62 to reflect the quarterly beat, partially offset by a weaker sales and margin outlook for the second half of the year. However, it reduced its 2027 EPS estimate by 2% to $4.98 as the company laps tariff refunds.

Despite the lower target, the brokerage reiterated its Buy rating on the stock, viewing the retailer as a beneficiary of today's choppy macro environment given its value proposition should drive trade down.

Ollie's Bargain Outlet has an average rating of buy and mean price target of $100.07, according to analysts polled by FactSet.

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

Price: 72.73, Change: -1.15, Percent Change: -1.55