5 Best Mid-Cap Consumer Defensive Stocks to Buy

4. Ollie’s Bargain Outlet Holding Inc. (NASDAQ:OLLI)

Ollie’s Bargain Outlet Holding Inc. (NASDAQ:OLLI) is one of the 7 best mid-cap consumer defensive stocks to buy.

On March 13, Ollie’s Bargain Outlet Holdings Inc. (NASDAQ:OLLI) was subject to a rating upgrade by Wells Fargo, from Equal Weight to Overweight. The firm also raised its target price on the stock from $120 to $130, resulting in an adjusted upside of almost 38%.

The firm is encouraged by the fourth quarter update and believes Ollie’s story is gaining popularity. Wells Fargo expects an attractive 2026 setting for the shares, given the current selloff and the One Big Beautiful Bill’s tailwinds. Given the present weather, Ollie’s Q1-to-date comps are fantastic, and the firm asserts that the stock’s value does not accurately represent the company’s prospects.

On March 13, RBC Capital also increased the firm’s price target on Ollie’s Bargain Outlet Holding Inc. (NASDAQ:OLLI) from $147 to $155, and maintained an Outperform rating on the stock. RBC Capital said the company’s fourth quarter results and guidance were a modest net positive, though not enough to materially shift the views of bulls and bears. The firm also noted that the target increase reflects a roll-forward in its valuation estimates, while overall sentiment on the stock remains relatively balanced.

Ollie’s Bargain Outlet Holding Inc. (NASDAQ:OLLI) is a retailer that offers a wide variety of products. These include beverages, books and stationery, gifts, health and beauty products, and more. It also sells essential household items, including furniture, kitchen products, air conditioners, fans, and home maintenance items.