28,000 Shares in Ollie’s Bargain Outlet Holdings, Inc. $OLLI Bought by Western Standard LLC

Western Standard LLC acquired a new stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 28,000 shares of the company’s stock, valued at approximately $2,153,000. Ollie’s Bargain Outlet comprises about 0.7% of Western Standard LLC’s investment portfolio, making the stock its 25th largest position.

A number of other institutional investors have also recently made changes to their positions in OLLI. Allworth Financial LP grew its holdings in Ollie’s Bargain Outlet by 301.8% during the 3rd quarter. Allworth Financial LP now owns 221 shares of the company’s stock valued at $28,000 after buying an additional 166 shares in the last quarter. Cornerstone Planning Group LLC increased its stake in Ollie’s Bargain Outlet by 218.8% in the 4th quarter. Cornerstone Planning Group LLC now owns 255 shares of the company’s stock worth $27,000 after acquiring an additional 175 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised 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 acquiring an additional 92 shares in the last quarter. Quarry LP purchased a new stake in shares of Ollie’s Bargain Outlet during the 3rd quarter worth approximately $55,000. Finally, CENTRAL TRUST Co boosted its position 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 acquiring an additional 271 shares during the last quarter.

Ollie’s Bargain Outlet Stock Up 4.2%

Shares of OLLI opened at $79.39 on Thursday. The company has a market cap of $4.80 billion, a PE ratio of 19.60, a P/E/G ratio of 1.35 and a beta of 0.46. The business has a fifty day moving average of $73.11 and a 200 day moving average of $87.07. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $60.29 and a 52-week high of $140.17.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings data on Wednesday, June 3rd. The company reported $0.91 earnings per share for the quarter, beating 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 analysts’ expectations of $661.65 million. During the same quarter in the previous year, the business posted $0.75 earnings per share. The business’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. As a group, research analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 4.45 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Morgan Stanley dropped their price objective on shares of 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. Truist Financial decreased their target price on shares of Ollie’s Bargain Outlet from $112.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Piper Sandler lowered their price target on shares of Ollie’s Bargain Outlet from $114.00 to $113.00 and set an “overweight” rating for the company in a report on Tuesday. Wells Fargo & Company dropped their price target on Ollie’s Bargain Outlet from $115.00 to $100.00 and set an “overweight” rating for the company in a research report on Monday. Finally, Weiss Ratings downgraded Ollie’s Bargain Outlet from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, July 16th. Thirteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Ollie’s Bargain Outlet currently has an average rating of “Moderate Buy” and an average target price of $110.20.

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.