Summit Creek Advisors LLC acquired a new position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI – Free Report) during the second quarter, HoldingsChannel.com reports. The institutional investor acquired 91,525 shares of the company’s stock, valued at approximately $7,036,000. Ollie’s Bargain Outlet comprises 2.4% of Summit Creek Advisors LLC’s portfolio, making the stock its 11th largest holding.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Peregrine Capital Management LLC raised its stake in Ollie’s Bargain Outlet by 21.2% in the fourth quarter. Peregrine Capital Management LLC now owns 120,733 shares of the company’s stock valued at $13,234,000 after purchasing an additional 21,138 shares in the last quarter. TimesSquare Capital Management LLC lifted its position in Ollie’s Bargain Outlet by 42.7% during the fourth quarter. TimesSquare Capital Management LLC now owns 246,235 shares of the company’s stock worth $26,990,000 after purchasing an additional 73,633 shares during the period. Capital World Investors grew its stake in Ollie’s Bargain Outlet by 76.5% during the fourth quarter. Capital World Investors now owns 695,464 shares of the company’s stock worth $76,230,000 after buying an additional 301,332 shares in the last quarter. Stephens Investment Management Group LLC grew its stake in Ollie’s Bargain Outlet by 32.8% during the first quarter. Stephens Investment Management Group LLC now owns 1,126,255 shares of the company’s stock worth $103,661,000 after buying an additional 277,870 shares in the last quarter. Finally, Capital Research Global Investors increased its holdings in Ollie’s Bargain Outlet by 70.2% in the 4th quarter. Capital Research Global Investors now owns 772,837 shares of the company’s stock valued at $84,711,000 after buying an additional 318,865 shares during the period.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on the stock. KeyCorp dropped their target price on shares of Ollie’s Bargain Outlet from $140.00 to $98.00 and set an “overweight” rating for the company in a research report on Thursday, July 16th. Wells Fargo & Company reduced their price target on shares of Ollie’s Bargain Outlet from $115.00 to $100.00 and set an “overweight” rating on the stock in a research report on Monday. 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. Gordon Haskett restated an “accumulate” rating and set a $90.00 target price (down from $100.00) on shares of Ollie’s Bargain Outlet in a research note on Thursday, June 4th. Finally, Loop Capital reaffirmed a “buy” rating and issued a $135.00 target price on shares of Ollie’s Bargain Outlet in a report on Thursday, June 4th. Thirteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $110.20.
Ollie’s Bargain Outlet Stock Up 1.7%
Ollie’s Bargain Outlet stock opened at $76.21 on Wednesday. The stock has a market cap of $4.61 billion, a PE ratio of 18.82, a P/E/G ratio of 1.35 and a beta of 0.46. Ollie’s Bargain Outlet Holdings, Inc. has a 12-month low of $60.29 and a 12-month high of $140.54. The business’s 50-day moving average price is $73.09 and its two-hundred day moving average price is $87.27.
Ollie’s Bargain Outlet (NASDAQ:OLLI – Get Free Report) last posted its earnings results on Wednesday, June 3rd. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. Ollie’s Bargain Outlet had a net margin of 9.13% and a return on equity of 13.43%. The firm had revenue of $658.93 million during the quarter, compared to analysts’ expectations of $661.65 million. During the same quarter in the prior year, the business earned $0.75 earnings per share. The business’s revenue for the quarter was up 14.2% compared to the same quarter last year. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. As a group, analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 4.45 earnings per share for the current year.
Ollie’s Bargain Outlet Company 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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