Polar Asset Management Partners Inc. Acquires New Holdings in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Polar Asset Management Partners Inc. bought a new position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 131,400 shares of the company’s stock, valued at approximately $10,102,000.

Several other large investors have also recently bought and sold shares of the company. Allworth Financial LP grew 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 purchasing an additional 166 shares in the last quarter. Cornerstone Planning Group LLC raised 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 buying an additional 175 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Ollie’s Bargain Outlet by 49.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 279 shares of the company’s stock valued at $31,000 after buying an additional 92 shares during the period. Quarry LP bought a new stake in Ollie’s Bargain Outlet during the third quarter valued at $55,000. Finally, CENTRAL TRUST Co grew its position in Ollie’s Bargain Outlet by 131.6% during the first quarter. CENTRAL TRUST Co now owns 477 shares of the company’s stock worth $44,000 after buying an additional 271 shares in the last quarter.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on OLLI. UBS Group set a $80.00 target price on Ollie’s Bargain Outlet in a research note on Thursday, July 9th. Royal Bank Of Canada reiterated an “outperform” rating and set a $121.00 price target on shares of Ollie’s Bargain Outlet in a research report on Tuesday. Wells Fargo & Company cut their price objective on Ollie’s Bargain Outlet from $115.00 to $100.00 and set an “overweight” rating for the company in a report on Monday, August 17th. Weiss Ratings cut shares of Ollie’s Bargain Outlet from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, July 16th. Finally, Truist Financial lowered their target price 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. Thirteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $110.20.

Ollie’s Bargain Outlet Stock Performance

Shares of OLLI opened at $74.61 on Wednesday. Ollie’s Bargain Outlet Holdings, Inc. has a fifty-two week low of $60.29 and a fifty-two week high of $140.17. The firm has a market cap of $4.51 billion, a price-to-earnings ratio of 18.42, a PEG ratio of 1.35 and a beta of 0.46. The firm has a 50 day moving average price of $72.47 and a 200-day moving average price of $86.11.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its earnings results on Wednesday, June 3rd. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.87 by $0.04. The company had revenue of $658.93 million for the quarter, compared to analyst estimates 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 quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.75 EPS. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. As a group, equities research analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 4.44 earnings per share 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.