VELA Investment Management LLC Purchases New Holdings in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

VELA Investment Management LLC acquired a new position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) during the 2nd quarter, HoldingsChannel reports. The fund acquired 25,047 shares of the company’s stock, valued at approximately $1,926,000.

Other large investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of Ollie’s Bargain Outlet in the second quarter valued at approximately $430,204,000. Wasatch Advisors LP increased its position in shares of Ollie’s Bargain Outlet by 45.9% during the second quarter. Wasatch Advisors LP now owns 4,362,067 shares of the company’s stock worth $335,356,000 after purchasing an additional 1,371,744 shares in the last quarter. Invesco Ltd. raised its stake in Ollie’s Bargain Outlet by 17.2% in the 3rd 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 during the last quarter. Goldman Sachs Group Inc. raised its stake in Ollie’s Bargain Outlet by 315.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,707,117 shares of the company’s stock valued at $187,117,000 after purchasing an additional 1,296,672 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Ollie’s Bargain Outlet by 6.1% in the 1st 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 in the last quarter.

Trending Headlines about Ollie’s Bargain Outlet

Here are the key news stories impacting Ollie’s Bargain Outlet this week:

• Positive Sentiment: Ollie’s reported second-quarter adjusted EPS of $1.42, exceeding the $1.12 analyst consensus and rising from $0.99 a year earlier. Revenue increased 9.1% year over year to $741.3 million, while tariff refunds helped lift profitability. OLLI Q2 Earnings Beat Estimates on Tariff Refunds, Sales Miss
• Positive Sentiment: The company raised its fiscal 2026 adjusted EPS outlook to $4.57–$4.65, above the prior outlook and broadly ahead of analyst expectations. Ollie’s Raises Earnings Outlook on Tariff Refunds Despite Sluggish Sales
• Positive Sentiment: Analysts remain broadly constructive. Citi, Goldman Sachs, Piper Sandler, Wells Fargo and RBC maintained positive ratings, with targets generally implying meaningful upside; RBC raised its target to $124 and Jefferies maintained a Buy rating.
• Positive Sentiment: Management plans to invest $15 million in lower prices, which could strengthen Ollie’s value proposition, support traffic and improve competitiveness in the discount retail market. Ollie’s Bargain Outlets will plow $15M into lower prices
• Neutral Sentiment: Several firms lowered their price targets following the earnings report—Goldman Sachs to $100, Citi and Morgan Stanley to $98, Piper Sandler to $100, and Wells Fargo to $90—while retaining Buy, Overweight or Equal Weight ratings. The revisions suggest improved valuation discipline despite continued confidence in the business.
• Negative Sentiment: Revenue fell short of expectations, and sluggish comparable-store sales prompted a more cautious sales outlook. The planned price reductions may also pressure near-term margins if increased customer traffic does not offset lower prices.

Ollie’s Bargain Outlet Stock Performance

NASDAQ OLLI opened at $76.57 on Monday. The stock’s fifty day moving average is $72.37 and its two-hundred day moving average is $83.93. The firm has a market capitalization of $4.55 billion, a P/E ratio of 17.09, a price-to-earnings-growth ratio of 1.27 and a beta of 0.50. 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 issued its earnings results on Wednesday, September 2nd. The company reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.30. Ollie’s Bargain Outlet had a return on equity of 14.54% and a net margin of 9.79%.The business had revenue of $741.31 million during the quarter, compared to the consensus estimate of $747.71 million. During the same period last year, the company earned $0.99 EPS. The company’s revenue for the quarter 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, sell-side analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 4.61 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on OLLI. JPMorgan Chase & Co. upped their target price on shares of Ollie’s Bargain Outlet from $70.00 to $73.00 and gave the stock a “neutral” rating in a report on Tuesday, August 18th. Royal Bank Of Canada raised their price target on shares of Ollie’s Bargain Outlet from $121.00 to $124.00 and gave the stock an “outperform” rating in a research note on Thursday. Piper Sandler set a $98.00 price target on shares of Ollie’s Bargain Outlet in a research report on Thursday. KeyCorp reaffirmed an “overweight” rating on shares of Ollie’s Bargain Outlet in a research note on Thursday. Finally, Weiss Ratings downgraded shares of Ollie’s Bargain Outlet from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, July 16th. Thirteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $102.43.

Ollie’s Bargain Outlet Profile

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.