Wasatch Advisors LP Raises Holdings in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Wasatch Advisors LP increased its stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 45.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 4,362,067 shares of the company’s stock after purchasing an additional 1,371,744 shares during the quarter. Ollie’s Bargain Outlet makes up 2.2% of Wasatch Advisors LP’s investment portfolio, making the stock its 6th largest holding. Wasatch Advisors LP owned approximately 7.22% of Ollie’s Bargain Outlet worth $335,356,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Allworth Financial LP raised its position in shares of 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 period. Cornerstone Planning Group LLC boosted its holdings in shares of Ollie’s Bargain Outlet by 218.8% during the 4th quarter. Cornerstone Planning Group LLC now owns 255 shares of the company’s stock worth $27,000 after buying an additional 175 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Ollie’s Bargain Outlet by 49.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 279 shares of the company’s stock worth $31,000 after buying an additional 92 shares during the period. Quarry LP acquired a new position in Ollie’s Bargain Outlet in the 3rd quarter valued at $55,000. Finally, CENTRAL TRUST Co grew its stake in Ollie’s Bargain Outlet by 131.6% in the 1st quarter. CENTRAL TRUST Co now owns 477 shares of the company’s stock valued at $44,000 after buying an additional 271 shares during the last quarter.

Analysts Set New Price Targets

A number of research analysts have weighed in on OLLI shares. Gordon Haskett reissued an “accumulate” rating and set a $90.00 target price (down from $100.00) on shares of Ollie’s Bargain Outlet in a research report on Thursday, June 4th. Truist Financial dropped their price objective on Ollie’s Bargain Outlet from $112.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. KeyCorp cut their price objective on 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. Morgan Stanley decreased their target price on Ollie’s Bargain Outlet from $120.00 to $108.00 and set an “equal weight” rating for the company in a research note on Thursday, June 4th. Finally, Piper Sandler set a $114.00 target price on Ollie’s Bargain Outlet in a report on Wednesday, June 3rd. Thirteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $111.07.

Ollie’s Bargain Outlet Price Performance

NASDAQ OLLI opened at $78.71 on Wednesday. The firm has a market capitalization of $4.76 billion, a price-to-earnings ratio of 19.43, a P/E/G ratio of 1.40 and a beta of 0.46. The company’s fifty day moving average is $73.17 and its two-hundred day moving average is $88.48. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $60.29 and a 52-week high of $140.54.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings data on Wednesday, June 3rd. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.04. The company had revenue of $658.93 million for the quarter, compared to the consensus estimate of $661.65 million. Ollie’s Bargain Outlet had a net margin of 9.13% and a return on equity of 13.43%. The business’s revenue was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.75 EPS. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. As a group, sell-side analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 4.45 earnings per share for the current fiscal 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.