Ollie's Bargain Outlet Holdings (OLLI) Stock Price & How to Invest
Short answer
You can invest in Ollie's Bargain Outlet (OLLI) by buying shares or fractional shares at any major broker, through a small-cap or retail ETF that holds it, or as one holding in a thematic basket. Ollie's is an extreme-value closeout retailer that buys brand-name overstock and liquidation merchandise and sells it cheaply through its no-frills stores, growing mainly by opening new locations across the US. It competes with off-price and discount chains like TJX, Ross, Burlington, and the dollar stores.
OLLI stock price
As of 2026-07-08, Ollie's Bargain Outlet Holdings (OLLI) last closed at $61.88, down 51.5% over the past year. Over the past 52 weeks it has traded between $61.88 and $140.80.
Prices are daily closing prices from Yahoo Finance and may be delayed. For the live quote, check your broker or Ollie's Bargain Outlet Holdings's investor relations page. Walnut is informational, not investment advice.
What does Ollie's Bargain Outlet Holdings (OLLI) do?
Ollie's Bargain Outlet Holdings runs a chain of roughly 670 extreme-value retail stores across more than 30 US states under the tagline "Good Stuff Cheap." It buys closeouts, overstock, package changes, and liquidated inventory from manufacturers and other retailers, then sells that brand-name merchandise at deep discounts, often 20% to 70% below department and specialty stores. The assortment spans housewares, food, books, toys, electronics, health and beauty, seasonal goods, and more, and it changes constantly because it depends on whatever deals the buying team can source, which is part of the "treasure hunt" appeal. Its Ollie's Army loyalty program has grown past 17 million members and drives a large share of sales.
The investment picture centers on new-store growth rather than a defensive dividend. Ollie's operates a low-cost, no-frills model with opportunistic real estate (it has picked up former Big Lots and other vacated retail boxes at attractive terms) and management targets a long-term footprint of well over a thousand stores. Revenue has been growing at a double-digit pace driven by unit expansion plus positive comparable-store sales, and the company is profitable with healthy gross margins for a discounter. Because growth leans on opening stores and on sourcing enough cheap inventory, the stock trades as a small-cap retail expansion story whose results hinge on execution, comp trends, and the closeout supply environment.
What's driving Ollie's Bargain Outlet Holdings (OLLI)?
1. New-store expansion runway.
Ollie's grows primarily by opening stores, adding dozens per year toward a long-term target of well over a thousand locations versus roughly 670 today. It has taken advantage of vacated retail real estate, including former Big Lots boxes, to secure sites on favorable terms. Each new store is a relatively low-cost, quick-to-open unit, so the pipeline is the main lever on revenue and profit growth.
2. Opportunistic closeout sourcing.
The buying model turns other companies' excess and liquidated inventory into deeply discounted brand-name merchandise, which supports strong gross margins and the treasure-hunt draw that brings shoppers back. Retail disruption, bankruptcies, and overstock cycles tend to increase the supply of cheap goods available to Ollie's, so the model can benefit when the broader retail environment is choppy.
3. Value positioning and loyalty.
Ollie's targets price-conscious shoppers, a segment that tends to hold up or grow when consumers trade down during inflation or economic stress. Its Ollie's Army loyalty program, past 17 million members, drives repeat visits and a large share of transactions, giving the company data and a marketing channel to support comparable-store sales alongside new-unit growth.
4. Low-cost operating model.
The no-frills store format, lean staffing, and disciplined cost structure let Ollie's run profitably at value price points and fund expansion largely from internal cash flow, historically with little debt. Adjusted EBITDA margins in the low-to-mid teens give it room to absorb cost pressures while continuing to open stores.
What are the risks to Ollie's Bargain Outlet Holdings (OLLI)?
As a closeout retailer, Ollie's depends on a steady supply of attractive deal merchandise, and its assortment cannot be reliably reordered, so buying execution and inventory availability directly affect margins and comps. Growth is concentrated in new-store openings, which carries real estate, cannibalization, and execution risk, and any slowdown in unit growth or a stretch of negative comparable-store sales tends to weigh heavily on a stock valued for expansion. It competes with much larger off-price and discount chains, and broader consumer-spending weakness, wage and freight inflation, tariffs, or supply-chain disruption can pressure both demand and costs. As a small-cap with no dividend, the shares can be more volatile than large-cap retail peers.
How is Ollie's Bargain Outlet Holdings (OLLI) valued? (approximate, JULY 2026)
A simple financial snapshot. These are approximations and refresh quarterly; for current figures see Ollie's Bargain Outlet Holdings's investor relations page or your broker.
- Revenue (TTM): ~$2.6 billion
- Net income (TTM): ~$240 million
- EPS (TTM): ~$4.00 (adjusted FY2026 guide ~$4.45-$4.55)
- Gross margin: ~41-42%
- Store count: ~670+ (target 1,300+ long term)
- P/E (TTM): ~16-20x
- Market cap: ~$4-7 billion
Ollie's trades at a mid-teens-to-low-twenties P/E, a valuation that reflects steady double-digit revenue growth from new-store openings plus positive comparable sales rather than a high-multiple growth or dividend story. The market prices it as a small-cap unit-growth retailer, so the multiple is sensitive to comp trends, the pace of store openings, and the availability of cheap closeout inventory. It pays no dividend, reinvesting cash into expansion.
Who competes with Ollie's Bargain Outlet Holdings (OLLI)?
Off-price and closeout retail
TJX (TJ Maxx, Marshalls, HomeGoods), Ross Stores, and Burlington are the large off-price chains competing for value-seeking shoppers and for discounted brand-name inventory. Grocery Outlet overlaps in the extreme-value, opportunistic-buying model, and the former Big Lots was a direct closeout peer.
Discount and dollar retail
Dollar General, Dollar Tree, and Five Below compete for budget-conscious and treasure-hunt shoppers, especially in smaller markets and on low price points, overlapping with Ollie's on seasonal, household, and general-merchandise categories.
Mass merchants and warehouse clubs
Walmart, Target, Costco, and Sam's Club compete broadly on everyday low prices and scale, drawing the same value-oriented spending even though their model (reliable, reorderable assortment) differs from Ollie's closeout approach.
How to invest in Ollie's Bargain Outlet Holdings (OLLI)
There are three common ways to get OLLI exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it, which spreads the position across many companies. Or build it into a focused thematic basket, so OLLI sits alongside other stocks that express the same thesis.
Walnut takes the basket route. Describe a thesis where OLLI fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.
The bottom line on Ollie's Bargain Outlet Holdings (OLLI)
Ollie's Bargain Outlet (OLLI) is a small-cap, unit-growth retail story whose thesis rests on opportunistic closeout buying and a long runway of new-store openings, and in a portfolio it behaves as a consumer-discretionary growth holding tied to store expansion, comparable-sales execution, and the availability of cheap closeout inventory.
More on Ollie's Bargain Outlet Holdings (OLLI)
Whether OLLI is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is OLLI a buy?, and where the stock could go from here in the OLLI stock forecast.
For income investors, whether OLLI pays a dividend and how the payout looks is covered in does OLLI pay a dividend?
Build a basket around OLLI with Walnut
Use Ollie's Bargain Outlet Holdings as one constituent in a thematic basket Walnut's AI helps you assemble. Describe a thesis you believe in, the AI proposes the holdings and weights, and you approve before any broker order.
FAQ
What is Ollie's Bargain Outlet's ticker symbol?
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OLLI, listed on the Nasdaq. The company is officially Ollie's Bargain Outlet Holdings, Inc., headquartered in Harrisburg, Pennsylvania. It trades during US market hours at every major US brokerage and is a mid-to-small-cap consumer-discretionary retailer.
What does Ollie's Bargain Outlet do?
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Ollie's is an extreme-value closeout retailer. It buys brand-name overstock, closeouts, and liquidated merchandise, then sells it at deep discounts through roughly 670 no-frills stores under the tagline 'Good Stuff Cheap,' covering categories from housewares and food to books, toys, and seasonal goods.
Who are Ollie's main competitors?
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Off-price chains TJX, Ross Stores, and Burlington, the former Big Lots and Grocery Outlet in closeout retail, discount and dollar stores like Dollar General, Dollar Tree, and Five Below, and mass merchants such as Walmart, Target, and Costco.
Does Ollie's Bargain Outlet pay a dividend?
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No. Ollie's does not pay a dividend. It reinvests cash flow into opening new stores and expanding its footprint, so it is positioned as a unit-growth story rather than an income holding. Investors seeking dividends would look elsewhere.
How many stores does Ollie's have?
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Around 670 stores across more than 30 US states as of mid-2026, up from the mid-400s a few years earlier. Management has pointed to a long-term potential footprint of well over 1,300 locations, making store openings the central driver of its growth.
Is Ollie's stock a growth or value stock?
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It is generally viewed as a small-cap growth-through-expansion retailer that also carries value-retail characteristics. The thesis rests on new-store openings and comparable-sales growth, while the mid-teens-to-low-twenties P/E is more modest than a typical high-multiple growth stock.
How did Big Lots' bankruptcy affect Ollie's?
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Ollie's used the retail disruption to acquire attractive real estate, picking up a number of former Big Lots and other vacated store locations on favorable terms to accelerate its own expansion. Closeout peers going away can also reduce direct competition and free up discounted inventory.
Is Ollie's Bargain Outlet a good stock to buy?
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This is descriptive, not a recommendation. The bull case rests on a long new-store runway, opportunistic closeout sourcing, value positioning, and a low-cost model, while the bear case cites reliance on deal-inventory availability, execution risk in expansion, competition from larger off-price chains, and small-cap volatility with no dividend. Whether it fits a portfolio depends on an investor's goals and risk tolerance. Walnut is informational, not investment advice.
Walnut is informational, not investment advice. Financial figures on this page are approximations; always verify current numbers with Ollie's Bargain Outlet Holdings's investor relations page or your broker before making investment decisions.