Ollie's: Buying The Valuation Reset Despite A Messier Comp

Ollie's Bargain Outlet Holdings maintains a buy rating with 27 new stores opened in Q1 and a FY2026 target of 75 new stores. Gross margin expanded 80 bps to 41.9%, driving adjusted EPS up 21.3% to $0.91. Valuation sits at a -2 standard deviation forward P/E, offering 28% upside if multiples revert.