Ollie’s Bargain Outlet Holdings, Inc. $OLLI Shares Acquired by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS raised its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 154.0% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 92,322 shares of the company’s stock after acquiring an additional 55,972 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Ollie’s Bargain Outlet were worth $7,907,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of OLLI. BlackRock Inc. acquired a new position in Ollie’s Bargain Outlet during the 2nd quarter worth approximately $430,204,000. Wasatch Advisors LP raised its holdings in shares of Ollie’s Bargain Outlet by 45.9% in the second quarter. Wasatch Advisors LP now owns 4,362,067 shares of the company’s stock valued at $335,356,000 after purchasing an additional 1,371,744 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Ollie’s Bargain Outlet by 6.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,272,306 shares of the company’s stock valued at $117,098,000 after purchasing an additional 72,781 shares during the last quarter. Primecap Management Co. CA bought a new stake in shares of Ollie’s Bargain Outlet in the second quarter worth $67,338,000. Finally, J. Goldman & Co LP bought a new stake in shares of Ollie’s Bargain Outlet in the second quarter worth $41,494,000.

Ollie’s Bargain Outlet Stock Performance

Shares of OLLI stock opened at $90.40 on Friday. Ollie’s Bargain Outlet Holdings, Inc. has a 52 week low of $60.29 and a 52 week high of $130.40. The company has a market capitalization of $5.37 billion, a price-to-earnings ratio of 20.18, a PEG ratio of 1.49 and a beta of 0.36. The company has a 50-day simple moving average of $84.07 and a 200 day simple moving average of $86.77.

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

Analysts Set New Price Targets

Several research analysts recently commented on the stock. UBS Group reduced their target price on shares of Ollie’s Bargain Outlet from $87.00 to $85.00 and set a “neutral” rating for the company in a report on Thursday, August 27th. Royal Bank Of Canada lifted their price target on shares of Ollie’s Bargain Outlet from $124.00 to $125.00 and gave the company an “outperform” rating in a research note on Tuesday, October 27th. Truist Financial boosted their price target on shares of Ollie’s Bargain Outlet from $80.00 to $85.00 and gave the stock a “buy” rating 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. Finally, Citigroup reduced their price objective on shares of Ollie’s Bargain Outlet from $100.00 to $98.00 and set a “buy” rating for the company in a research note on Friday, September 4th. Thirteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $103.57.

Ollie’s Bargain Outlet Profile

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 assortment of brand-name and private-label products at discounted prices, with inventory varying according to available purchasing opportunities.

The company’s product categories generally include housewares, food, health and beauty products, toys, books, electronics, clothing, hardware, seasonal merchandise, and home furnishings.