23,042 Shares in Ollie’s Bargain Outlet Holdings, Inc. $OLLI Purchased by Madison Asset Management LLC

Madison Asset Management LLC bought a new position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) during the second quarter, Holdings Channel.com reports. The institutional investor bought 23,042 shares of the company’s stock, valued at approximately $1,771,000.

Several other institutional investors and hedge funds have also recently modified their holdings of OLLI. Allworth Financial LP boosted its position in shares of Ollie’s Bargain Outlet by 301.8% during the 3rd quarter. Allworth Financial LP now owns 221 shares of the company’s stock valued at $28,000 after acquiring an additional 166 shares during the last quarter. Cornerstone Planning Group LLC increased its position in shares of Ollie’s Bargain Outlet by 218.8% in the fourth quarter. Cornerstone Planning Group LLC now owns 255 shares of the company’s stock worth $27,000 after purchasing an additional 175 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position 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 worth $31,000 after purchasing an additional 92 shares during the last quarter. Quarry LP bought a new position in shares of Ollie’s Bargain Outlet in the third quarter worth approximately $55,000. Finally, CENTRAL TRUST Co raised its stake in Ollie’s Bargain Outlet by 131.6% in the first quarter. CENTRAL TRUST Co now owns 477 shares of the company’s stock valued at $44,000 after purchasing an additional 271 shares in the last quarter.

Ollie’s Bargain Outlet Stock Performance

OLLI stock opened at $74.75 on Friday. 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 fifty day moving average is $72.93 and its 200 day moving average is $86.82. The firm has a market cap of $4.52 billion, a P/E ratio of 18.46, a P/E/G ratio of 1.40 and a beta of 0.46.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its earnings results on Wednesday, June 3rd. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. The company had revenue of $658.93 million for the quarter, compared to analysts’ expectations of $661.65 million. Ollie’s Bargain Outlet had a net margin of 9.13% and a return on equity of 13.43%. The firm’s revenue was up 14.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.75 EPS. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. As a group, analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 4.44 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on OLLI shares. Gordon Haskett reissued an “accumulate” rating and issued a $90.00 price target (down from $100.00) on shares of Ollie’s Bargain Outlet in a research note on Thursday, June 4th. Truist Financial dropped 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 note on Thursday, July 9th. Wells Fargo & Company reduced their price objective on Ollie’s Bargain Outlet from $115.00 to $100.00 and set an “overweight” rating on the stock in a research report on Monday. UBS Group set a $80.00 price objective on Ollie’s Bargain Outlet in a report on Thursday, July 9th. Finally, Weiss Ratings downgraded Ollie’s Bargain Outlet from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, July 16th. Thirteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $110.20.

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.