Ollie's Bargain Outlet Holdings, Inc. (OLLI): A Bull Case Theory

We came across a bullish thesis on Ollie’s Bargain Outlet Holdings, Inc. on TickerTrends Research’s Substack by TickerTrends. In this article, we will summarize the bulls’ thesis on OLLI. Ollie’s Bargain Outlet Holdings, Inc.'s share was trading at $140.80 as of August 6^th. OLLI’s trailing and forward P/E were 43.32 and 37.04 respectively according to Yahoo Finance.

Ollie’s Bargain Outlet (OLLI) appears poised to outperform expectations for FQ2’25, with alternative data signaling stronger-than-anticipated revenue. While Wall Street consensus estimates forecast $657.6 million in sales, TickerTrends’ KPI model projects $669.8 million—roughly 2% ahead of consensus—representing a 2.4% acceleration in year-over-year growth from the last quarter. This positive momentum is backed by rising website and store locator traffic, which has shown an ~11% YoY uptick since May, indicating increased shopper engagement.

Google search interest for brand-related terms has also rebounded from March lows, with the latest weekly data reflecting 18.8% YoY growth. Similarly, mobile app usage across Android and iOS platforms continues to grow weekly. Ollie’s has aggressively expanded its footprint by acquiring former Big Lots stores through bankruptcy auctions—locations that align with its core customer base. With inflation remaining a central concern for shoppers, Ollie’s value-focused proposition is seeing renewed traction.

The KPI model has been revised higher five times this quarter, suggesting internal trends are running ahead of guidance and market assumptions. Currently trading near local highs, some optimism may already be priced into the stock, but the consensus is still modeling just 13% growth. If actual results come in near $670 million with signs of continued strength in comps and customer engagement, the stock could see meaningful upside. Given multiple upward revisions and sustained alternative data momentum, the risk/reward profile skews favorably toward a revenue beat, reinforcing the case for near-term bullishness on Ollie’s.

Previously, we covered a bullish thesis on Target Corporation (TGT) by LongYield in May 2025, which highlighted the company’s digital momentum, omnichannel strategy, and strong brand positioning. The company's stock price has appreciated by approximately 11.77% since our coverage. This is because the thesis played out. TickerTrends shares a similar view but emphasizes on Ollie’s accelerating demand signals and predictive data edge.

Ollie’s Bargain Outlet Holdings, Inc. is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 25 hedge fund portfolios held OLLI at the end of the first quarter, which was 34 in the previous quarter. While we acknowledge the potential of OLLI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None.