Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI – Get Free Report) gapped up before the market opened on Wednesday following a better than expected earnings announcement. The stock had previously closed at $72.34, but opened at $76.00. Ollie’s Bargain Outlet shares last traded at $77.6080, with a volume of 755,834 shares trading hands.
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 9.13% and a return on equity of 13.43%. During the same period in the previous year, the firm posted $0.99 earnings per share. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year.
More Ollie’s Bargain Outlet News
Here are the key news stories impacting Ollie’s Bargain Outlet this week:
- Positive Sentiment: Ollie’s earned $1.42 per share, surpassing estimates of approximately $1.12–$1.14 and increasing from $0.99 a year earlier. The result indicates better-than-expected profitability and year-over-year earnings growth. Ollie’s Bargain Outlet Q2 Earnings Top Estimates
- Positive Sentiment: Net sales rose 9.1% year over year, supporting the view that Ollie’s closeout merchandise model continues to attract value-focused shoppers. Ollie’s Announces Second Quarter Fiscal 2026 Results
- Positive Sentiment: The retailer opened 15 new stores and grew its Ollie’s Army loyalty membership by 12.7%, highlighting continued expansion and customer engagement. Management also updated its fiscal 2026 outlook. Ollie’s Fiscal 2026 Results
- Neutral Sentiment: Analysts maintained an overall “Moderate Buy” view ahead of the report, although the available coverage does not indicate a significant change in price targets following the results. Ollie’s Receives Moderate Buy Recommendation
- Negative Sentiment: Pre-earnings commentary flagged cautious consumer spending and elevated fuel costs as potential pressures. Investors may also be looking for stronger forward guidance; consequently, the shares’ decline suggests the quarterly beat and growth metrics did not fully offset concerns about the outlook or expectations already reflected in the stock. Ollie’s Q2 Earnings Preview
Analysts Set New Price Targets
Check Out Our Latest Report on Ollie’s Bargain Outlet
Institutional Trading of Ollie’s Bargain Outlet
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. TimesSquare Capital Management LLC increased its holdings in shares of Ollie’s Bargain Outlet by 42.7% in 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 boosted its stake in Ollie’s Bargain Outlet by 76.5% in 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 holdings in shares of Ollie’s Bargain Outlet by 32.8% during the 1st quarter. Stephens Investment Management Group LLC now owns 1,126,255 shares of the company’s stock valued at $103,661,000 after purchasing an additional 277,870 shares during the last quarter. Capital Research Global Investors boosted its position in Ollie’s Bargain Outlet by 70.2% during the fourth 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. Finally, Dynamic Technology Lab Private Ltd grew its position in Ollie’s Bargain Outlet by 168.4% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 28,133 shares of the company’s stock worth $3,084,000 after acquiring an additional 17,653 shares during the last quarter.
Ollie’s Bargain Outlet Stock Up 7.6%
The stock has a market cap of $4.71 billion, a P/E ratio of 19.24, a PEG ratio of 1.33 and a beta of 0.50. The firm’s fifty day moving average price is $72.24 and its 200-day moving average price is $84.76.
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.
Featured Stories
- Five stocks we like better than Ollie’s Bargain Outlet
- The Pentagon’s Grok Rollout Puts These 3 Stocks in Focus
- Copper Surges as Shifting Trade Policy and AI Demand Collide
- Ulta Beauty’s Earnings Beat Was Stronger Than the Stock’s Reaction
- Bancorp’s Fintech Comeback Gains Momentum
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.
