Edgestream Partners L.P. Takes Position in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Edgestream Partners L.P. acquired a new stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) during the 1st quarter, HoldingsChannel.com reports. The firm acquired 29,916 shares of the company’s stock, valued at approximately $2,753,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cornerstone Planning Group LLC increased its holdings in Ollie’s Bargain Outlet by 218.8% in the 4th quarter. Cornerstone Planning Group LLC now owns 255 shares of the company’s stock worth $27,000 after purchasing an additional 175 shares in the last quarter. Allworth Financial LP raised its position in Ollie’s Bargain Outlet by 301.8% in the third quarter. Allworth Financial LP now owns 221 shares of the company’s stock valued at $28,000 after purchasing an additional 166 shares during the last quarter. Maseco LLP acquired a new stake in shares of Ollie’s Bargain Outlet during the fourth quarter valued at about $30,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Ollie’s Bargain Outlet by 49.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 279 shares of the company’s stock valued at $31,000 after purchasing an additional 92 shares in the last quarter. Finally, CENTRAL TRUST Co boosted its stake in shares of Ollie’s Bargain Outlet by 131.6% during the first quarter. CENTRAL TRUST Co now owns 477 shares of the company’s stock valued at $44,000 after purchasing an additional 271 shares in the last quarter.

Analysts Set New Price Targets

Several research analysts have recently issued reports on OLLI shares. Truist Financial lowered their price objective on Ollie’s Bargain Outlet from $112.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Royal Bank Of Canada cut their target price on shares of Ollie’s Bargain Outlet from $152.00 to $121.00 and set an “outperform” rating on the stock in a research report on Thursday. Loop Capital reissued a “buy” rating and set a $135.00 target price on shares of Ollie’s Bargain Outlet in a report on Thursday, June 4th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $70.00 price target (down from $152.00) on shares of Ollie’s Bargain Outlet in a research report on Wednesday, July 8th. Finally, Wells Fargo & Company dropped their price target on shares of Ollie’s Bargain Outlet from $130.00 to $115.00 and set an “overweight” rating for the company in a research note on Wednesday, May 13th. Thirteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $111.07.

Ollie’s Bargain Outlet Trading Up 1.0%

Shares of OLLI stock opened at $73.47 on Friday. The stock has a market cap of $4.44 billion, a price-to-earnings ratio of 18.14, a PEG ratio of 1.30 and a beta of 0.47. The stock has a 50-day moving average of $73.52 and a 200-day moving average of $90.57. Ollie’s Bargain Outlet Holdings, Inc. has a 1-year low of $60.29 and a 1-year high of $141.74.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings data on Wednesday, June 3rd. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. The company had revenue of $658.93 million during the quarter, compared to the consensus estimate of $661.65 million. Ollie’s Bargain Outlet had a return on equity of 13.43% and a net margin of 9.13%.The firm’s revenue was up 14.2% compared to the same quarter last year. During the same period last year, the company earned $0.75 earnings per share. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. Sell-side analysts forecast 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.