Intech Investment Management LLC raised its holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI – Free Report) by 136.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,383 shares of the company’s stock after buying an additional 7,157 shares during the quarter. Intech Investment Management LLC’s holdings in Ollie’s Bargain Outlet were worth $1,357,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Cornerstone Planning Group LLC raised its stake in shares of Ollie’s Bargain Outlet by 218.8% in the fourth quarter. Cornerstone Planning Group LLC now owns 255 shares of the company’s stock worth $27,000 after purchasing an additional 175 shares during the last quarter. Allworth Financial LP raised its stake in shares of Ollie’s Bargain Outlet by 301.8% in the third quarter. Allworth Financial LP now owns 221 shares of the company’s stock worth $28,000 after purchasing an additional 166 shares during the last quarter. Maseco LLP purchased a new position in shares of Ollie’s Bargain Outlet in the fourth quarter worth about $30,000. Shell Asset Management Co. purchased a new position in shares of Ollie’s Bargain Outlet in the third quarter worth about $37,000. Finally, Smartleaf Asset Management LLC raised its stake in shares of Ollie’s Bargain Outlet by 125.0% in the third quarter. Smartleaf Asset Management LLC now owns 342 shares of the company’s stock worth $45,000 after purchasing an additional 190 shares during the last quarter.
More Ollie’s Bargain Outlet News
Here are the key news stories impacting Ollie’s Bargain Outlet this week:
- Positive Sentiment: Ollie’s Bargain Outlet reported Q1 EPS of $0.91, topping estimates, while revenue rose 14.2% year over year and comparable sales increased 1.7%, signaling healthy underlying demand. Article Title
- Positive Sentiment: Management raised its fiscal 2026 outlook, which reinforces confidence that the company can sustain growth and margin expansion after the latest quarter. Article Title
- Positive Sentiment: Loop Capital reaffirmed its buy rating on OLLI and set a $135 price target, suggesting meaningful upside from current levels. Article Title
- Positive Sentiment: Gordon Haskett reaffirmed an accumulate rating and still sees upside, though it trimmed its target to $90 from $100. Article Title
- Neutral Sentiment: UBS lowered its price target on OLLI to $87 from $125 and kept a neutral rating, highlighting some lingering macro caution despite the earnings beat. Article Title
- Neutral Sentiment: Recent commentary is mixed, with some articles arguing the market may be underestimating Ollie’s execution, while others compare its post-earnings reaction to peers like Five Below. Article Title
Ollie’s Bargain Outlet Trading Up 3.0%
Ollie’s Bargain Outlet (NASDAQ:OLLI – Get Free Report) last announced its quarterly earnings results on Wednesday, June 3rd. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.04. The company had revenue of $658.93 million during the quarter, compared to analysts’ expectations of $661.65 million. Ollie’s Bargain Outlet had a return on equity of 13.43% and a net margin of 9.13%.Ollie’s Bargain Outlet’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period last year, the business earned $0.75 earnings per share. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. On average, research analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 4.49 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
OLLI has been the subject of several research analyst reports. Weiss Ratings cut Ollie’s Bargain Outlet from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, April 22nd. Truist Financial set a $112.00 price objective on Ollie’s Bargain Outlet in a research note on Thursday. UBS Group reduced their price objective on Ollie’s Bargain Outlet from $125.00 to $87.00 and set a “neutral” rating for the company in a research note on Thursday. Loop Capital restated a “buy” rating and issued a $135.00 price objective on shares of Ollie’s Bargain Outlet in a research note on Thursday. Finally, KeyCorp set a $140.00 price objective on Ollie’s Bargain Outlet in a research note on Wednesday. Fourteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.13.
Get Our Latest Stock Report on Ollie’s Bargain Outlet
Insiders Place Their Bets
In related news, Chairman John W. Swygert sold 5,231 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $92.09, for a total transaction of $481,722.79. Following the completion of the transaction, the chairman directly owned 48,200 shares in the company, valued at approximately $4,438,738. This trade represents a 9.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 12,459 shares of company stock worth $1,149,218 in the last three months. 0.75% of the stock is currently owned by company insiders.
Ollie’s Bargain Outlet Profile
Ollie’s Bargain Outlet is an American discount retailer specializing in closeout merchandise and surplus inventory across a broad range of categories. The company operates a no-frills retail format that offers branded and private-label products at significant markdowns. Its merchandise mix typically includes housewares, electronics, health and beauty items, food products, beauty supplies, books, toys, and seasonal goods.
Founded in 1982 by Oliver E. “Ollie” Rosenberg, the company is headquartered in Harrisburg, Pennsylvania.
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