189,463 Shares in Ollie’s Bargain Outlet Holdings, Inc. $OLLI Bought by Grandeur Peak Global Advisors LLC

Grandeur Peak Global Advisors LLC acquired a new stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) during the 2nd quarter, Holdings Channel reports. The fund acquired 189,463 shares of the company’s stock, valued at approximately $14,566,000. Ollie’s Bargain Outlet comprises approximately 3.5% of Grandeur Peak Global Advisors LLC’s portfolio, making the stock its 8th biggest holding.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in OLLI. BlackRock Inc. bought a new position in Ollie’s Bargain Outlet during the 2nd quarter worth about $430,204,000. Wasatch Advisors LP lifted 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 in the last quarter. Invesco Ltd. lifted its holdings in shares of Ollie’s Bargain Outlet by 17.2% in the third quarter. Invesco Ltd. now owns 2,992,848 shares of the company’s stock valued at $384,282,000 after purchasing an additional 440,243 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Ollie’s Bargain Outlet by 315.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,707,117 shares of the company’s stock worth $187,117,000 after buying an additional 1,296,672 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Ollie’s Bargain Outlet by 6.1% during the first quarter. Dimensional Fund Advisors LP now owns 1,272,306 shares of the company’s stock worth $117,098,000 after buying an additional 72,781 shares during the period.

Analyst Ratings Changes

A number of brokerages recently issued reports on OLLI. Gordon Haskett reissued an “accumulate” rating and issued a $90.00 target price (down from $100.00) on shares of Ollie’s Bargain Outlet in a research report on Thursday, June 4th. Citigroup reduced their price target on Ollie’s Bargain Outlet from $111.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, August 26th. Loop Capital reaffirmed a “buy” rating and set a $135.00 price target on shares of Ollie’s Bargain Outlet in a research note on Thursday, June 4th. UBS Group lowered their price objective on shares of Ollie’s Bargain Outlet from $87.00 to $85.00 and set a “neutral” rating on the stock in a report on Thursday. Finally, Wells Fargo & Company cut their price objective on shares of Ollie’s Bargain Outlet from $115.00 to $100.00 and set an “overweight” rating on the stock in a research report on Monday, August 17th. Thirteen research analysts have rated the stock with a Buy rating and four have issued 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 $107.29.

Ollie’s Bargain Outlet Price Performance

Shares of NASDAQ OLLI opened at $72.42 on Monday. The stock has a market capitalization of $4.38 billion, a price-to-earnings ratio of 17.88, a PEG ratio of 1.28 and a beta of 0.46. The business has a 50-day moving average of $72.20 and a 200-day moving average of $85.31. Ollie’s Bargain Outlet Holdings, Inc. has a fifty-two week low of $60.29 and a fifty-two week high of $139.21.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its earnings results on Wednesday, June 3rd. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $658.93 million for the quarter, compared to the consensus estimate of $661.65 million. During the same quarter in the previous year, the business earned $0.75 earnings per share. Ollie’s Bargain Outlet’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. On average, sell-side analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 4.44 EPS for the current 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.