D.B. Root & Company LLC Purchases Shares of 9,411 Ollie’s Bargain Outlet Holdings, Inc. $OLLI

D.B. Root & Company LLC purchased a new position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) in the second quarter, according to its most recent filing with the SEC. The firm purchased 9,411 shares of the company’s stock, valued at approximately $724,000.

Other large investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of Ollie’s Bargain Outlet in the 2nd quarter valued at about $430,204,000. Wasatch Advisors LP grew its stake in Ollie’s Bargain Outlet by 45.9% during the second quarter. Wasatch Advisors LP now owns 4,362,067 shares of the company’s stock worth $335,356,000 after purchasing an additional 1,371,744 shares during the period. Invesco Ltd. grew its stake in Ollie’s Bargain Outlet by 17.2% during the third quarter. Invesco Ltd. now owns 2,992,848 shares of the company’s stock worth $384,282,000 after purchasing an additional 440,243 shares during the period. Goldman Sachs Group Inc. increased its holdings in Ollie’s Bargain Outlet by 315.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,707,117 shares of the company’s stock worth $187,117,000 after purchasing an additional 1,296,672 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Ollie’s Bargain Outlet by 6.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,272,306 shares of the company’s stock worth $117,098,000 after purchasing an additional 72,781 shares in the last quarter.

Analysts Set New Price Targets

Several brokerages have issued reports on OLLI. Morgan Stanley dropped their price target on Ollie’s Bargain Outlet from $120.00 to $108.00 and set an “equal weight” rating on the stock in a research note on Thursday, June 4th. Royal Bank Of Canada reduced their price objective on shares of Ollie’s Bargain Outlet from $152.00 to $121.00 and set an “outperform” rating for the company in a research report on Thursday, July 30th. JPMorgan Chase & Co. lifted their price objective on shares of 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. KeyCorp dropped their target price on shares of Ollie’s Bargain Outlet from $140.00 to $98.00 and set an “overweight” rating on the stock in a research report on Thursday, July 16th. Finally, The Goldman Sachs Group cut their target price on shares of 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. Thirteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ollie’s Bargain Outlet has a consensus rating of “Moderate Buy” and an average price target of $110.20.

Ollie’s Bargain Outlet Price Performance

NASDAQ:OLLI opened at $76.07 on Monday. The firm has a 50-day moving average of $72.79 and a 200-day moving average of $86.58. The company has a market cap of $4.60 billion, a PE ratio of 18.78, a PEG ratio of 1.35 and a beta of 0.46. Ollie’s Bargain Outlet Holdings, Inc. has a one year low of $60.29 and a one year high of $140.17.

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 company 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 business posted $0.75 EPS. The firm’s revenue was up 14.2% compared to the same quarter last year. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. On average, equities research analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 4.44 earnings per share for the current fiscal 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.