Ollie’s Bargain Outlet Holdings, Inc. $OLLI Position Increased by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS raised its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 90.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,350 shares of the company’s stock after purchasing an additional 17,295 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Ollie’s Bargain Outlet were worth $3,346,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Thrivent Financial for Lutherans lifted its holdings in shares of Ollie’s Bargain Outlet by 0.6% during the 2nd quarter. Thrivent Financial for Lutherans now owns 14,458 shares of the company’s stock valued at $1,905,000 after buying an additional 91 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake 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 acquiring an additional 92 shares during the last quarter. Dana Investment Advisors Inc. lifted its stake in Ollie’s Bargain Outlet by 2.5% in the fourth quarter. Dana Investment Advisors Inc. now owns 5,649 shares of the company’s stock valued at $619,000 after acquiring an additional 137 shares during the last quarter. Lazard Asset Management LLC grew its position in Ollie’s Bargain Outlet by 5.8% in the second quarter. Lazard Asset Management LLC now owns 2,508 shares of the company’s stock worth $330,000 after acquiring an additional 138 shares in the last quarter. Finally, Madison Asset Management LLC increased its stake in shares of Ollie’s Bargain Outlet by 0.6% during the 4th quarter. Madison Asset Management LLC now owns 23,222 shares of the company’s stock worth $2,545,000 after purchasing an additional 149 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on OLLI. Piper Sandler set a $114.00 price objective on shares of Ollie’s Bargain Outlet in a research note on Wednesday, June 3rd. Morgan Stanley lowered their target price on shares of Ollie’s Bargain Outlet from $120.00 to $108.00 and set an “equal weight” rating on the stock in a research report on Thursday, June 4th. Royal Bank Of Canada lowered their price objective on Ollie’s Bargain Outlet from $153.00 to $152.00 and set an “outperform” rating on the stock in a report on Wednesday, May 27th. The Goldman Sachs Group cut their price objective on Ollie’s Bargain Outlet from $129.00 to $112.00 and set a “buy” rating on the stock in a research note on Monday, June 29th. Finally, Jefferies Financial Group upgraded Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and boosted their target price for the stock from $120.00 to $130.00 in a report on Thursday, April 2nd. Thirteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Ollie’s Bargain Outlet presently has a consensus rating of “Moderate Buy” and an average target price of $115.93.

Ollie’s Bargain Outlet Price Performance

Shares of NASDAQ OLLI traded up $1.18 during trading hours on Friday, hitting $64.90. 2,008,728 shares of the company’s stock were exchanged, compared to its average volume of 2,550,272. Ollie’s Bargain Outlet Holdings, Inc. has a 1-year low of $60.29 and a 1-year high of $141.74. The stock has a market capitalization of $3.92 billion, a price-to-earnings ratio of 16.02, a PEG ratio of 1.14 and a beta of 0.47. The company’s 50-day moving average price is $77.34 and its 200-day moving average price is $95.23.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its earnings results on Wednesday, June 3rd. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. The firm had revenue of $658.93 million for the quarter, compared to analyst estimates of $661.65 million. Ollie’s Bargain Outlet had a return on equity of 13.43% and a net margin of 9.13%.The company’s revenue was up 14.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.75 EPS. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. On average, research analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 4.45 earnings per share for the current 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.