NewEdge Wealth LLC Makes New Investment in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

NewEdge Wealth LLC purchased a new stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) during the 2nd quarter, Holdings Channel.com reports. The firm purchased 23,020 shares of the company’s stock, valued at approximately $1,770,000.

Other institutional investors also recently modified their holdings of the company. Diversify Advisory Services LLC acquired a new position in shares of Ollie’s Bargain Outlet during the second quarter worth about $1,376,000. Summit Creek Advisors LLC acquired a new stake in Ollie’s Bargain Outlet in the 2nd quarter valued at approximately $7,036,000. First National Bank of Omaha acquired a new stake in Ollie’s Bargain Outlet in the 2nd quarter valued at approximately $1,986,000. BlackRock Inc. acquired a new stake in Ollie’s Bargain Outlet in the 2nd quarter valued at approximately $430,204,000. Finally, Deutsche Bank AG bought a new stake in Ollie’s Bargain Outlet in the 2nd quarter valued at approximately $1,284,000.

Ollie’s Bargain Outlet Stock Performance

OLLI opened at $74.75 on Friday. The business’s 50-day simple moving average is $72.93 and its 200 day simple moving average is $86.82. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $60.29 and a 52-week high of $140.17. The firm has a market capitalization of $4.52 billion, a PE ratio of 18.46, a PEG ratio of 1.40 and a beta of 0.46.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings results 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. The firm had revenue of $658.93 million during the quarter, compared to the consensus estimate of $661.65 million. Ollie’s Bargain Outlet had a return on equity of 13.43% and a net margin of 9.13%.The business’s revenue was up 14.2% compared to the same quarter last year. During the same period last year, the company earned $0.75 earnings per share. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. On average, research analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 4.44 earnings per share for the current year.

Analysts Set New Price Targets

OLLI has been the subject of a number of recent research reports. Loop Capital reaffirmed a “buy” rating and set a $135.00 price target on shares of Ollie’s Bargain Outlet in a research report on Thursday, June 4th. UBS Group set a $80.00 price objective on shares of Ollie’s Bargain Outlet in a report on Thursday, July 9th. JPMorgan Chase & Co. boosted their price objective 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. Royal Bank Of Canada reduced their target price on shares of Ollie’s Bargain Outlet from $152.00 to $121.00 and set an “outperform” rating for the company in a report on Thursday, July 30th. Finally, Weiss Ratings downgraded shares of Ollie’s Bargain Outlet from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, July 16th. Thirteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $110.20.

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.