10,517 Shares in Ollie’s Bargain Outlet Holdings, Inc. $OLLI Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC purchased a new stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 10,517 shares of the company’s stock, valued at approximately $809,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in OLLI. TimesSquare Capital Management LLC increased its position in Ollie’s Bargain Outlet by 42.7% during the fourth quarter. TimesSquare Capital Management LLC now owns 246,235 shares of the company’s stock worth $26,990,000 after purchasing an additional 73,633 shares during the last quarter. Capital World Investors boosted its holdings in shares of Ollie’s Bargain Outlet by 76.5% in the 4th quarter. Capital World Investors now owns 695,464 shares of the company’s stock valued at $76,230,000 after purchasing an additional 301,332 shares during the last quarter. Stephens Investment Management Group LLC boosted its holdings in shares of Ollie’s Bargain Outlet by 32.8% in the 1st quarter. Stephens Investment Management Group LLC now owns 1,126,255 shares of the company’s stock valued at $103,661,000 after purchasing an additional 277,870 shares during the last quarter. Capital Research Global Investors grew its stake in shares of Ollie’s Bargain Outlet by 70.2% during the 4th quarter. Capital Research Global Investors now owns 772,837 shares of the company’s stock valued at $84,711,000 after buying an additional 318,865 shares during the period. Finally, Norges Bank purchased a new stake in shares of Ollie’s Bargain Outlet during the 4th quarter valued at $85,845,000.

Analyst Upgrades and Downgrades

OLLI has been the topic of several research reports. Loop Capital reaffirmed a “buy” rating and issued a $135.00 target price on shares of Ollie’s Bargain Outlet in a research report on Thursday, June 4th. Citigroup lowered their price target on Ollie’s Bargain Outlet from $111.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday. The Goldman Sachs Group cut their price objective on Ollie’s Bargain Outlet from $129.00 to $112.00 and set a “buy” rating on the stock in a report on Monday, June 29th. Gordon Haskett reaffirmed an “accumulate” rating and issued a $90.00 price objective (down from $100.00) on shares of Ollie’s Bargain Outlet in a research note on Thursday, June 4th. Finally, 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 report on Tuesday, August 18th. Thirteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $107.29.

Ollie’s Bargain Outlet Price Performance

Shares of NASDAQ OLLI opened at $72.42 on Friday. Ollie’s Bargain Outlet Holdings, Inc. has a 1-year low of $60.29 and a 1-year high of $139.21. The business has a 50-day moving average of $72.20 and a 200-day moving average of $85.51. The company has a market capitalization of $4.38 billion, a price-to-earnings ratio of 17.88, a PEG ratio of 1.26 and a beta of 0.46.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its earnings results on Wednesday, June 3rd. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. The business had revenue of $658.93 million during the quarter, compared to analyst estimates of $661.65 million. Ollie’s Bargain Outlet had a return on equity of 13.43% and a net margin of 9.13%.The company’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.75 earnings per share. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. Research analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 4.44 EPS for the current fiscal year.

About Ollie’s Bargain Outlet

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.