Fulcrum Asset Management LLP bought a new position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI – Free Report) during the third quarter, Holdings Channel.com reports. The fund bought 23,320 shares of the company’s stock, valued at approximately $2,024,000.
Several other hedge funds have also bought and sold shares of the business. Farther Finance Advisors LLC raised its holdings in Ollie’s Bargain Outlet by 26.7% during the third quarter. Farther Finance Advisors LLC now owns 622 shares of the company’s stock worth $53,000 after buying an additional 131 shares during the last quarter. Gibbs Wealth Management increased its position in shares of Ollie’s Bargain Outlet by 3.1% during the third quarter. Gibbs Wealth Management now owns 4,555 shares of the company’s stock worth $390,000 after acquiring an additional 135 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of Ollie’s Bargain Outlet by 29.9% in the 3rd quarter. Parallel Advisors LLC now owns 664 shares of the company’s stock worth $57,000 after acquiring an additional 153 shares during the last quarter. GAMMA Investing LLC boosted its stake in Ollie’s Bargain Outlet by 13.2% during the 2nd quarter. GAMMA Investing LLC now owns 1,632 shares of the company’s stock valued at $125,000 after purchasing an additional 190 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in Ollie’s Bargain Outlet by 7.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,209 shares of the company’s stock valued at $387,000 after purchasing an additional 295 shares during the last quarter.
Ollie’s Bargain Outlet Stock Performance
Ollie’s Bargain Outlet stock opened at $95.30 on Wednesday. Ollie’s Bargain Outlet Holdings, Inc. has a fifty-two week low of $60.29 and a fifty-two week high of $130.40. The firm’s 50-day simple moving average is $84.91 and its 200 day simple moving average is $86.57. The stock has a market cap of $5.66 billion, a PE ratio of 21.27, a price-to-earnings-growth ratio of 1.57 and a beta of 0.36.
Ollie’s Bargain Outlet (NASDAQ:OLLI – Get Free Report) last posted its quarterly earnings data on Wednesday, September 2nd. The company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.12 by $0.30. Ollie’s Bargain Outlet had a net margin of 9.79% and a return on equity of 14.54%. The firm had revenue of $741.31 million during the quarter, compared to analyst estimates of $747.71 million. During the same quarter last year, the business posted $0.99 EPS. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.570-4.650 EPS. As a group, analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 4.61 EPS for the current fiscal year.
Analyst Ratings Changes
Several analysts have recently commented on OLLI shares. JPMorgan Chase & Co. increased their price objective on Ollie’s Bargain Outlet from $70.00 to $73.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 18th. Royal Bank Of Canada upped their price target on Ollie’s Bargain Outlet from $124.00 to $125.00 and gave the stock an “outperform” rating in a report on Tuesday, October 27th. Truist Financial increased their price target on Ollie’s Bargain Outlet from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, September 3rd. KeyCorp increased their price target on Ollie’s Bargain Outlet from $98.00 to $120.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Wells Fargo & Company set a $98.00 price objective on Ollie’s Bargain Outlet in a research note on Thursday, September 3rd. Thirteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $106.13.
Get Our Latest Research Report on Ollie’s Bargain Outlet
Ollie’s Bargain Outlet Profile
Ollie’s Bargain Outlet Holdings, Inc. operates Ollie’s Bargain Outlet, a U.S. discount retailer that sells brand-name merchandise at value-oriented prices. Its stores offer a changing assortment of products, including housewares, food, books, toys, flooring, seasonal goods, electronics, health and beauty products, and apparel. The company’s closeout-focused buying model allows it to offer merchandise acquired from manufacturers and other suppliers, including excess inventory and discontinued products.
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