19,873 Shares in Ollie’s Bargain Outlet Holdings, Inc. $OLLI Purchased by HBK Sorce Advisory LLC

HBK Sorce Advisory LLC acquired a new stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) during the second quarter, Holdings Channel reports. The firm acquired 19,873 shares of the company’s stock, valued at approximately $1,558,000.

Several other institutional investors have also added to or reduced their stakes in the business. Allworth Financial LP boosted its position in Ollie’s Bargain Outlet by 301.8% during the third quarter. Allworth Financial LP now owns 221 shares of the company’s stock worth $28,000 after purchasing an additional 166 shares during the period. Cornerstone Planning Group LLC increased its stake in shares of Ollie’s Bargain Outlet by 218.8% in the fourth 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. Northwestern Mutual Wealth Management Co. raised its position in shares of 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 purchasing an additional 92 shares during the period. Quarry LP bought a new stake in shares of Ollie’s Bargain Outlet in the third quarter valued at approximately $55,000. Finally, CENTRAL TRUST Co lifted its stake in shares of Ollie’s Bargain Outlet by 131.6% during 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 in the last quarter.

Wall Street Analyst Weigh In

Several research firms recently commented on OLLI. Wells Fargo & Company cut their price objective on shares of Ollie’s Bargain Outlet from $130.00 to $115.00 and set an “overweight” rating for the company in a report on Wednesday, May 13th. Truist Financial cut their price target on Ollie’s Bargain Outlet from $112.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Weiss Ratings cut Ollie’s Bargain Outlet from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, July 16th. Piper Sandler set a $114.00 price target on Ollie’s Bargain Outlet in a research report on Wednesday, June 3rd. Finally, Gordon Haskett reiterated 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. Thirteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $111.07.

Ollie’s Bargain Outlet Stock Performance

OLLI stock opened at $76.49 on Monday. The firm has a 50 day moving average of $73.20 and a 200-day moving average of $87.73. The firm has a market capitalization of $4.62 billion, a P/E ratio of 18.89, a price-to-earnings-growth ratio of 1.35 and a beta of 0.46. Ollie’s Bargain Outlet Holdings, Inc. has a 12 month low of $60.29 and a 12 month high of $140.54.

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

Ollie’s Bargain Outlet 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.