Grandeur Peak Global Advisors LLC Makes New Investment in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Grandeur Peak Global Advisors LLC bought a new stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 189,463 shares of the company’s stock, valued at approximately $14,566,000. Ollie’s Bargain Outlet accounts for 2.9% of Grandeur Peak Global Advisors LLC’s investment portfolio, making the stock its 10th biggest position. Grandeur Peak Global Advisors LLC owned 0.31% of Ollie’s Bargain Outlet at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. BlackRock Inc. purchased a new position in shares of Ollie’s Bargain Outlet during the second quarter valued at $430,204,000. Wasatch Advisors LP lifted its stake in 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 acquiring an additional 1,371,744 shares in the last quarter. Invesco Ltd. boosted its position in Ollie’s Bargain Outlet by 17.2% during the 3rd quarter. Invesco Ltd. now owns 2,992,848 shares of the company’s stock worth $384,282,000 after acquiring an additional 440,243 shares during the period. Goldman Sachs Group Inc. boosted its position in Ollie’s Bargain Outlet by 315.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,707,117 shares of the company’s stock worth $187,117,000 after acquiring an additional 1,296,672 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in Ollie’s Bargain Outlet by 6.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,272,306 shares of the company’s stock valued at $117,098,000 after acquiring an additional 72,781 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Truist Financial dropped their target price on Ollie’s Bargain Outlet from $112.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $121.00 target price on shares of Ollie’s Bargain Outlet in a research report on Tuesday. KeyCorp decreased their target price on shares of Ollie’s Bargain Outlet from $140.00 to $98.00 and set an “overweight” rating for the company in a research note on Thursday, July 16th. The Goldman Sachs Group dropped their price target 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. Finally, Citigroup cut their price objective on Ollie’s Bargain Outlet from $111.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday. Thirteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $109.80.

Ollie’s Bargain Outlet Stock Down 3.7%

Shares of OLLI stock opened at $71.51 on Friday. Ollie’s Bargain Outlet Holdings, Inc. has a 12 month low of $60.29 and a 12 month high of $140.17. The stock has a 50 day moving average of $72.29 and a 200-day moving average of $85.60. The firm has a market cap of $4.32 billion, a PE ratio of 17.66, a price-to-earnings-growth ratio of 1.31 and a beta of 0.46.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its earnings results on Wednesday, June 3rd. The company reported $0.91 EPS 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 during the quarter, compared to analysts’ expectations of $661.65 million. During the same period last year, the business earned $0.75 earnings per share. Ollie’s Bargain Outlet’s quarterly 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, equities analysts predict 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.