Tidal Investments LLC Boosts Stock Position in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Tidal Investments LLC lifted its stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 35.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 241,268 shares of the company’s stock after acquiring an additional 63,607 shares during the period. Tidal Investments LLC owned approximately 0.41% of Ollie’s Bargain Outlet worth $18,549,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in OLLI. Thrivent Financial for Lutherans grew its holdings in Ollie’s Bargain Outlet by 0.6% during the 2nd quarter. Thrivent Financial for Lutherans now owns 14,458 shares of the company’s stock valued at $1,905,000 after buying an additional 91 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted 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 worth $31,000 after buying an additional 92 shares in the last quarter. Dana Investment Advisors Inc. boosted its position in shares of Ollie’s Bargain Outlet by 2.5% in the fourth quarter. Dana Investment Advisors Inc. now owns 5,649 shares of the company’s stock valued at $619,000 after acquiring an additional 137 shares during the period. Lazard Asset Management LLC grew its stake in 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 acquiring an additional 138 shares in the last quarter. Finally, Madison Asset Management LLC grew its stake 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 valued at $2,545,000 after acquiring an additional 149 shares in the last quarter.

Analyst Upgrades and Downgrades

Several analysts have issued reports on OLLI shares. The Goldman Sachs Group lowered their target price on shares of Ollie’s Bargain Outlet from $112.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, September 3rd. Craig Hallum reaffirmed a “buy” rating and issued a $120.00 price target on shares of Ollie’s Bargain Outlet in a report on Thursday, September 3rd. Weiss Ratings cut shares of Ollie’s Bargain Outlet from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, July 16th. Citigroup lowered their price objective on Ollie’s Bargain Outlet from $100.00 to $98.00 and set a “buy” rating on the stock in a research report on Friday, September 4th. Finally, Piper Sandler set a $98.00 price objective on Ollie’s Bargain Outlet in a research note on Thursday, September 3rd. Thirteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $102.43.

Ollie’s Bargain Outlet Stock Performance

Shares of NASDAQ:OLLI opened at $71.92 on Friday. The firm has a market capitalization of $4.27 billion, a PE ratio of 16.05, a price-to-earnings-growth ratio of 1.20 and a beta of 0.50. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $60.29 and a 52-week high of $139.21. The firm has a fifty day moving average of $72.35 and a 200 day moving average of $82.92.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings results on Wednesday, September 2nd. The company reported $1.42 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $747.71 million. During the same quarter last year, the business posted $0.99 earnings per share. 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. On average, sell-side analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 4.6 EPS for the current fiscal 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.