Sanctuary Advisors LLC acquired a new position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI – Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 10,517 shares of the company’s stock, valued at approximately $809,000.
Several other institutional investors have also added to or reduced their stakes in OLLI. Cornerstone Planning Group LLC lifted its position in shares of Ollie’s Bargain Outlet by 218.8% in the 4th 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 period. Allworth Financial LP raised its stake in Ollie’s Bargain Outlet by 301.8% during the third quarter. Allworth Financial LP now owns 221 shares of the company’s stock worth $28,000 after buying an additional 166 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Ollie’s Bargain Outlet by 49.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 279 shares of the company’s stock valued at $31,000 after buying an additional 92 shares during the period. CENTRAL TRUST Co lifted its holdings in Ollie’s Bargain Outlet by 131.6% in the first quarter. CENTRAL TRUST Co now owns 477 shares of the company’s stock valued at $44,000 after buying an additional 271 shares during the period. Finally, Root Financial Partners LLC boosted its position in Ollie’s Bargain Outlet by 190.5% during the first quarter. Root Financial Partners LLC now owns 488 shares of the company’s stock valued at $45,000 after acquiring an additional 320 shares during the last quarter.
Analysts Set New Price Targets
Several equities research analysts recently commented on OLLI shares. Morgan Stanley decreased their target price on Ollie’s Bargain Outlet from $120.00 to $108.00 and set an “equal weight” rating for the company in a research note on Thursday, June 4th. Royal Bank Of Canada reissued an “outperform” rating and issued a $121.00 price target on shares of Ollie’s Bargain Outlet in a research note on Tuesday. JPMorgan Chase & Co. increased their price target on Ollie’s Bargain Outlet from $70.00 to $73.00 and gave the stock a “neutral” rating in a report on Tuesday, August 18th. Weiss Ratings downgraded shares of Ollie’s Bargain Outlet from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, July 16th. Finally, UBS Group dropped their target price on shares of Ollie’s Bargain Outlet from $87.00 to $85.00 and set a “neutral” rating on the stock in a research report on Thursday. Thirteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $107.29.
Ollie’s Bargain Outlet Stock Performance
Shares of NASDAQ:OLLI opened at $72.42 on Friday. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $60.29 and a 52-week high of $139.21. The business’s 50 day simple moving average is $72.20 and its two-hundred day simple moving average is $85.51. The firm has a market cap of $4.38 billion, a P/E ratio of 17.88, a PEG ratio of 1.26 and a beta of 0.46.
Ollie’s Bargain Outlet (NASDAQ:OLLI – Get Free Report) last released its quarterly earnings data on Wednesday, June 3rd. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.87 by $0.04. Ollie’s Bargain Outlet had a return on equity of 13.43% and a net margin of 9.13%.The firm had revenue of $658.93 million during the quarter, compared to the consensus estimate of $661.65 million. During the same quarter in the previous year, the company posted $0.75 earnings per share. The company’s quarterly revenue was up 14.2% on a year-over-year basis. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. On average, equities analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 4.44 earnings per share for the current fiscal year.
About Ollie’s Bargain Outlet
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.
Featured Articles
- Five stocks we like better than Ollie’s Bargain Outlet
- 3 Financial Stocks Positioned for the Fed’s Next Move After Jackson Hole
- IREN’s AI Pivot Looks Real, But the Market Wanted a Faster Payoff After Earnings
- Boeing’s $131B F-15 Win: Mach 1 Momentum or Just Altitude?
- Okta Stock Surges 29%—Is $200 the Next Stop?
Want to see what other hedge funds are holding OLLI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI – Free Report).
Receive News & Ratings for Ollie's Bargain Outlet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ollie's Bargain Outlet and related companies with MarketBeat.com's FREE daily email newsletter.
