D.B. Root & Company LLC Purchases New Shares in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

D.B. Root & Company LLC acquired a new stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) during the 2nd quarter, HoldingsChannel reports. The firm acquired 9,411 shares of the company’s stock, valued at approximately $724,000.

Other hedge funds have also recently bought and sold shares of the company. Thrivent Financial for Lutherans grew its stake in shares of Ollie’s Bargain Outlet by 0.6% in the 2nd quarter. Thrivent Financial for Lutherans now owns 14,458 shares of the company’s stock worth $1,905,000 after acquiring an additional 91 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Ollie’s Bargain Outlet by 49.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 279 shares of the company’s stock valued at $31,000 after purchasing an additional 92 shares during the last quarter. Dana Investment Advisors Inc. lifted its position in shares of Ollie’s Bargain Outlet by 2.5% during the fourth quarter. Dana Investment Advisors Inc. now owns 5,649 shares of the company’s stock valued at $619,000 after purchasing an additional 137 shares in the last quarter. Lazard Asset Management LLC lifted its position in shares of Ollie’s Bargain Outlet by 5.8% during the second quarter. Lazard Asset Management LLC now owns 2,508 shares of the company’s stock valued at $330,000 after purchasing an additional 138 shares in the last quarter. Finally, Madison Asset Management LLC boosted its holdings in Ollie’s Bargain Outlet by 0.6% during the fourth quarter. Madison Asset Management LLC now owns 23,222 shares of the company’s stock worth $2,545,000 after purchasing an additional 149 shares during the last quarter.

Ollie’s Bargain Outlet Stock Performance

Shares of OLLI stock opened at $76.07 on Monday. The firm has a market cap of $4.60 billion, a price-to-earnings ratio of 18.78, a P/E/G ratio of 1.35 and a beta of 0.46. Ollie’s Bargain Outlet Holdings, Inc. has a 52 week low of $60.29 and a 52 week high of $140.17. The firm’s 50-day simple moving average is $72.79 and its two-hundred day simple moving average is $86.58.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its 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. Ollie’s Bargain Outlet had a net margin of 9.13% and a return on equity of 13.43%. The firm had revenue of $658.93 million during the quarter, compared to the consensus estimate of $661.65 million. During the same period in the prior year, the firm earned $0.75 EPS. The company’s revenue was up 14.2% compared to the same quarter last year. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. 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 analyst reports. 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. Morgan Stanley dropped their target price on shares of Ollie’s Bargain Outlet from $120.00 to $108.00 and set an “equal weight” rating on the stock in a research report on Thursday, June 4th. KeyCorp cut their target price on Ollie’s Bargain Outlet from $140.00 to $98.00 and set an “overweight” rating on the stock in a research note on Thursday, July 16th. Gordon Haskett reaffirmed an “accumulate” rating and issued a $90.00 target price (down from $100.00) on shares of Ollie’s Bargain Outlet in a report on Thursday, June 4th. Finally, Truist Financial decreased their price target on Ollie’s Bargain Outlet from $112.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Thirteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average 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.