Diversify Advisory Services LLC Makes New Investment in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Diversify Advisory Services LLC acquired a new stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) during the 2nd quarter, Holdings Channel reports. The institutional investor acquired 20,611 shares of the company’s stock, valued at approximately $1,376,000.

Other institutional investors have also modified their holdings of the company. Cornerstone Planning Group LLC grew its stake in Ollie’s Bargain Outlet by 218.8% during the fourth quarter. Cornerstone Planning Group LLC now owns 255 shares of the company’s stock worth $27,000 after buying an additional 175 shares during the period. Allworth Financial LP raised its stake in shares of Ollie’s Bargain Outlet by 301.8% in the 3rd quarter. Allworth Financial LP now owns 221 shares of the company’s stock valued at $28,000 after acquiring an additional 166 shares during the period. Northwestern Mutual Wealth Management Co. lifted 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 valued at $31,000 after acquiring an additional 92 shares in the last quarter. CENTRAL TRUST Co boosted its position in Ollie’s Bargain Outlet by 131.6% during the 1st quarter. CENTRAL TRUST Co now owns 477 shares of the company’s stock worth $44,000 after purchasing an additional 271 shares during the period. Finally, Root Financial Partners LLC increased its holdings in Ollie’s Bargain Outlet by 190.5% in the 1st quarter. Root Financial Partners LLC now owns 488 shares of the company’s stock valued at $45,000 after purchasing an additional 320 shares in the last quarter.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on OLLI shares. UBS Group set a $80.00 target price on Ollie’s Bargain Outlet in a research note on Thursday, July 9th. Piper Sandler decreased their price target on Ollie’s Bargain Outlet from $114.00 to $113.00 and set an “overweight” rating for the company in a report on Tuesday. Royal Bank Of Canada lowered 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. Citigroup reduced their target price on shares of Ollie’s Bargain Outlet from $141.00 to $111.00 and set a “buy” rating on the stock in a research report on Tuesday, May 12th. Finally, Weiss Ratings downgraded shares of Ollie’s Bargain Outlet from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, July 16th. Thirteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $110.20.

Ollie’s Bargain Outlet Trading Up 4.2%

Ollie’s Bargain Outlet stock opened at $79.39 on Thursday. The stock has a market cap of $4.80 billion, a P/E ratio of 19.60, a price-to-earnings-growth ratio of 1.35 and a beta of 0.46. The stock has a 50 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 results on Wednesday, June 3rd. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $658.93 million for the quarter, compared to analysts’ expectations of $661.65 million. During the same period in the prior year, the company posted $0.75 earnings per share. The firm’s quarterly 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. As a group, equities analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 4.45 earnings per share for the current fiscal year.

Ollie’s Bargain Outlet Company 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.