Ollie’s Bargain Outlet rises on additional $500 mln stock buyback

** Discount retailer Ollie’s Bargain Outlet's OLLI.O shares up 2.1% at $88.29 premarket on Tues as co looks to buy back more of its stock

** Harrisburg, Pennsylvania-based OLLI announces additional $500 mln stock repurchase authorization

** Co says it now has approx $561 mln of repurchase capacity, adding that new authorization has no expiration date

** With ~59.4 mln shares outstanding, OLLI has about $5 bln market cap

** Co last month posted fiscal Q2 profit beat and raised FY26 margin forecast, mainly due to lower supply chain costs from tariff-related refunds and reduced tariff rates

** At Mon close, stock has rallied 32% over the past three months, leaving it down 21% YTD. In comparison, S&P 400 Consumer Discretionary Distribution & Retail index .SPMDCMS lost 6.5% in 2026 as of Mon

** 13 of 16 analysts rate the stock "strong buy" or "buy", 3 "hold"; median PT $98.34, LSEG data reflects