IFP Advisors Inc Increases Position in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

IFP Advisors Inc raised its stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLIFree Report) by 2,589.8% in the second quarter, HoldingsChannel reports. The institutional investor owned 10,275 shares of the company’s stock after buying an additional 9,893 shares during the quarter. IFP Advisors Inc’s holdings in Ollie’s Bargain Outlet were worth $790,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Allworth Financial LP grew its stake in Ollie’s Bargain Outlet by 81.9% in the 4th quarter. Allworth Financial LP now owns 402 shares of the company’s stock valued at $44,000 after acquiring an additional 181 shares during the last quarter. CENTRAL TRUST Co raised its position in Ollie’s Bargain Outlet by 131.6% during the first quarter. CENTRAL TRUST Co now owns 477 shares of the company’s stock worth $44,000 after acquiring an additional 271 shares during the last quarter. Root Financial Partners LLC raised 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 worth $45,000 after acquiring an additional 320 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Ollie’s Bargain Outlet by 13.2% in the second quarter. GAMMA Investing LLC now owns 1,632 shares of the company’s stock valued at $125,000 after purchasing an additional 190 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Ollie’s Bargain Outlet by 21.5% in the first quarter. EverSource Wealth Advisors LLC now owns 1,798 shares of the company’s stock valued at $165,000 after purchasing an additional 318 shares in the last quarter.

Ollie’s Bargain Outlet Stock Performance

Shares of NASDAQ OLLI opened at $77.02 on Tuesday. The firm has a market cap of $4.57 billion, a P/E ratio of 17.19, a price-to-earnings-growth ratio of 1.22 and a beta of 0.50. Ollie’s Bargain Outlet Holdings, Inc. has a 1 year low of $60.29 and a 1 year high of $139.21. The firm’s 50 day moving average price is $72.49 and its 200 day moving average price is $82.46.

Ollie’s Bargain Outlet (NASDAQ:OLLIGet Free Report) last issued its quarterly earnings results on Wednesday, September 2nd. The company reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.30. Ollie’s Bargain Outlet had a return on equity of 14.54% and a net margin of 9.79%.The company had revenue of $741.31 million for the quarter, compared to analyst estimates of $747.71 million. During the same quarter in the prior year, the company posted $0.99 EPS. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.570-4.650 EPS. As a group, equities analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 4.6 EPS for the current year.

Analysts Set New Price Targets

OLLI has been the subject of a number of recent research reports. Gordon Haskett reissued an “accumulate” rating and set a $90.00 price objective (down from $100.00) on shares of Ollie’s Bargain Outlet in a research note on Thursday, June 4th. JPMorgan Chase & Co. upped their target price on Ollie’s Bargain Outlet from $70.00 to $73.00 and gave the company a “neutral” rating in a research note on Tuesday, August 18th. Wells Fargo & Company set a $98.00 target price on Ollie’s Bargain Outlet in a report on Thursday, September 3rd. Piper Sandler set a $98.00 price target on Ollie’s Bargain Outlet in a research report on Thursday, September 3rd. Finally, The Goldman Sachs Group cut their price target on Ollie’s Bargain Outlet from $112.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, September 3rd. Thirteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Ollie’s Bargain Outlet has a consensus rating of “Moderate Buy” and an average price target of $102.43.

Read Our Latest Stock Analysis on Ollie’s Bargain Outlet

About Ollie’s Bargain Outlet

(Free Report)

Ollie’s Bargain Outlet Holdings, Inc operates a chain of value-oriented retail stores under the Ollie’s Bargain Outlet name. The company purchases closeout, excess, overstock, discontinued and salvage merchandise from manufacturers, distributors and other retailers, allowing it to offer products at discounted prices.

Its merchandise assortment typically includes housewares, food, hardware, toys, seasonal goods, apparel, health and personal-care products, books, flooring and other home-related items.

Recommended Stories

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:OLLIFree Report).

Institutional Ownership by Quarter for Ollie's Bargain Outlet (NASDAQ:OLLI)

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.