Investors Purchase High Volume of Ollie’s Bargain Outlet Call Options (NASDAQ:OLLI)

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) saw unusually large options trading activity on Monday. Investors purchased 7,187 call options on the stock. This is an increase of approximately 457% compared to the typical daily volume of 1,291 call options.

Institutional Trading of Ollie’s Bargain Outlet

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Jupiter Topco LLC purchased a new position in shares of Ollie’s Bargain Outlet in the second quarter valued at approximately $2,066,000. VELA Investment Management LLC purchased a new stake in Ollie’s Bargain Outlet during the 2nd quarter worth approximately $1,856,000. Public Employees Retirement System of Ohio purchased a new stake in Ollie’s Bargain Outlet during the 2nd quarter worth approximately $1,381,000. Baird Financial Group Inc. purchased a new stake in Ollie’s Bargain Outlet during the 2nd quarter worth approximately $13,344,000. Finally, WINTON GROUP Ltd increased its stake in Ollie’s Bargain Outlet by 46.5% during the 2nd quarter. WINTON GROUP Ltd now owns 67,584 shares of the company’s stock worth $5,196,000 after buying an additional 21,437 shares during the period.

Analyst Ratings Changes

OLLI has been the subject of a number of recent research reports. Wells Fargo & Company set a $98.00 target price on shares of Ollie’s Bargain Outlet in a research report on Thursday, September 3rd. JPMorgan Chase & Co. boosted their price target on shares of Ollie’s Bargain Outlet from $70.00 to $73.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 18th. Morgan Stanley dropped their price objective on shares of Ollie’s Bargain Outlet from $108.00 to $98.00 and set an “equal weight” rating for the company in a research note on Thursday, September 3rd. KeyCorp reiterated an “overweight” rating on shares of Ollie’s Bargain Outlet in a report on Thursday, September 3rd. Finally, The Goldman Sachs Group decreased their target price on shares of Ollie’s Bargain Outlet from $112.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, September 3rd. Thirteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Ollie’s Bargain Outlet has an average rating of “Moderate Buy” and a consensus target price of $102.43.

Ollie’s Bargain Outlet Trading Up 2.6%

OLLI stock traded up $2.26 during midday trading on Monday, hitting $87.59. 799,467 shares of the company’s stock were exchanged, compared to its average volume of 1,644,344. The business has a 50-day simple moving average of $78.60 and a two-hundred day simple moving average of $79.57. The stock has a market capitalization of $5.20 billion, a PE ratio of 19.54, a P/E/G ratio of 1.41 and a beta of 0.41. Ollie’s Bargain Outlet has a 1-year low of $60.29 and a 1-year high of $133.28.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings data on Wednesday, September 2nd. The company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.30. Ollie’s Bargain Outlet had a net margin of 9.79% and a return on equity of 14.54%. The firm had revenue of $741.31 million for the quarter, compared to analyst estimates of $747.71 million. During the same period in the previous year, the firm earned $0.99 EPS. Ollie’s Bargain Outlet’s revenue was up 9.1% on a year-over-year basis. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.570-4.650 EPS. As a group, research analysts expect that Ollie’s Bargain Outlet will post 4.61 EPS for the current fiscal year.

About Ollie’s Bargain Outlet

Ollie’s Bargain Outlet Holdings, Inc operates Ollie’s Bargain Outlet, a U.S. retailer specializing in closeout, excess, and salvage merchandise. Its stores offer a constantly changing selection of brand-name products at discounted prices, with inventory varying based on availability and opportunistic purchasing.

The company’s merchandise generally includes housewares, food, hardware, toys, seasonal goods, books, flooring, apparel, and other consumer products. Ollie’s uses a treasure-hunt-style shopping experience, with stores organized to emphasize value and frequently changing assortments.

Founded in 1982 in Mechanicsburg, Pennsylvania, Ollie’s has expanded into a national retail chain serving customers across numerous U.S.