189,463 Shares in Ollie’s Bargain Outlet Holdings, Inc. $OLLI Acquired by Grandeur Peak Global Advisors LLC

Grandeur Peak Global Advisors LLC acquired a new stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 189,463 shares of the company’s stock, valued at approximately $14,566,000. Ollie’s Bargain Outlet accounts for 3.5% of Grandeur Peak Global Advisors LLC’s holdings, making the stock its 8th largest holding. Grandeur Peak Global Advisors LLC owned approximately 0.31% of Ollie’s Bargain Outlet as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of Ollie’s Bargain Outlet during the 2nd quarter valued at $430,204,000. Wasatch Advisors LP boosted its position in shares of Ollie’s Bargain Outlet by 45.9% in the 2nd 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 last quarter. Invesco Ltd. boosted its position in shares of Ollie’s Bargain Outlet by 17.2% in the 3rd 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 last quarter. Goldman Sachs Group Inc. grew its stake in shares of Ollie’s Bargain Outlet by 315.9% during 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 during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Ollie’s Bargain Outlet by 6.1% during 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 during the period.

Ollie’s Bargain Outlet Stock Performance

Shares of Ollie’s Bargain Outlet stock opened at $72.42 on Monday. The company has a market capitalization of $4.38 billion, a PE ratio of 17.88, a PEG ratio of 1.28 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 $139.21. The stock’s fifty day simple moving average is $72.20 and its 200 day simple moving average is $85.31.

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 the consensus estimate of $0.87 by $0.04. Ollie’s Bargain Outlet had a return on equity of 13.43% and a net margin of 9.13%.The firm had revenue of $658.93 million for the quarter, compared to analyst estimates of $661.65 million. During the same period in the previous year, the company posted $0.75 earnings per share. The company’s revenue for the quarter 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. Analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 4.44 EPS for the current fiscal year.

Analysts Set New Price Targets

OLLI has been the topic of several analyst reports. Gordon Haskett reissued an “accumulate” rating and issued a $90.00 target price (down from $100.00) on shares of Ollie’s Bargain Outlet in a research note on Thursday, June 4th. Piper Sandler decreased their target price on Ollie’s Bargain Outlet from $114.00 to $113.00 and set an “overweight” rating for the company in a research report on Tuesday, August 18th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $121.00 price target on shares of Ollie’s Bargain Outlet in a research note on Tuesday, August 25th. Weiss Ratings downgraded shares of Ollie’s Bargain Outlet from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, July 16th. Finally, The Goldman Sachs Group reduced their price objective 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 research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $107.29.

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.