Summit Creek Advisors LLC Acquires Shares of 91,525 Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Summit Creek Advisors LLC acquired a new stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 91,525 shares of the company’s stock, valued at approximately $7,036,000. Ollie’s Bargain Outlet comprises about 2.4% of Summit Creek Advisors LLC’s holdings, making the stock its 11th largest position. Summit Creek Advisors LLC owned 0.15% of Ollie’s Bargain Outlet at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in OLLI. BlackRock Inc. bought a new stake in Ollie’s Bargain Outlet in the 2nd quarter valued at $430,204,000. Wasatch Advisors LP boosted its position in 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 during the period. Invesco Ltd. boosted its position in Ollie’s Bargain Outlet by 17.2% during the third quarter. Invesco Ltd. now owns 2,992,848 shares of the company’s stock worth $384,282,000 after purchasing an additional 440,243 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Ollie’s Bargain Outlet by 315.9% in the fourth 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 increased 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.

Wall Street Analyst Weigh In

OLLI has been the topic of several research analyst reports. UBS Group set a $80.00 price objective on shares of Ollie’s Bargain Outlet in a research report on Thursday, July 9th. 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. Truist Financial decreased their price target on shares of Ollie’s Bargain Outlet from $112.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Wells Fargo & Company lowered their price target on shares of Ollie’s Bargain Outlet from $115.00 to $100.00 and set an “overweight” rating on the stock in a report on Monday. Finally, The Goldman Sachs Group cut their price objective on shares of Ollie’s Bargain Outlet from $129.00 to $112.00 and set a “buy” rating for the company in a research report on Monday, June 29th. Thirteen investment 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 has an average rating of “Moderate Buy” and a consensus price target of $110.20.

Ollie’s Bargain Outlet Price Performance

OLLI stock opened at $76.21 on Wednesday. The stock has a market capitalization of $4.61 billion, a price-to-earnings ratio of 18.82, a PEG ratio of 1.35 and a beta of 0.46. The business’s fifty day moving average price is $73.09 and its two-hundred day moving average price is $87.27. Ollie’s Bargain Outlet Holdings, Inc. has a fifty-two week low of $60.29 and a fifty-two week high of $140.54.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced 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 net margin of 9.13% and a return on equity of 13.43%. The company had revenue of $658.93 million during the quarter, compared to analysts’ expectations of $661.65 million. During the same quarter in the previous year, the business posted $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. Research analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 4.45 EPS for the current year.

Ollie’s Bargain Outlet Company 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.