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

Key Points

• Madison Asset Management acquired 23,042 Ollie’s Bargain Outlet shares worth approximately $1.77 million during the second quarter. Other institutions also initiated positions, including BlackRock, which bought roughly $430.2 million worth of stock.
• Analysts maintain a generally positive outlook, with 13 Buy ratings and four Holds, producing a “Moderate Buy” consensus and an average price target of $110.20. However, several firms recently reduced their price targets.
• OLLI shares opened at $74.75, down 5.8%, well below their 12-month high of $140.17. The company beat quarterly EPS estimates, reporting $0.91 versus the $0.87 consensus, while revenue rose 14.2% year over year to $658.93 million.

Madison Asset Management LLC acquired a new stake in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 23,042 shares of the company's stock, valued at approximately $1,771,000.

Other institutional investors have also added to or reduced their stakes in the company. NewEdge Wealth LLC bought a new position in Ollie's Bargain Outlet during the second quarter worth about $1,770,000. Diversify Advisory Services LLC bought a new stake in shares of Ollie's Bargain Outlet in the second quarter valued at approximately $1,376,000. Summit Creek Advisors LLC purchased a new stake in shares of Ollie's Bargain Outlet during the 2nd quarter valued at approximately $7,036,000. First National Bank of Omaha purchased a new stake in shares of Ollie's Bargain Outlet during the 2nd quarter valued at approximately $1,986,000. Finally, BlackRock Inc. bought a new position in Ollie's Bargain Outlet in the 2nd quarter worth approximately $430,204,000.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on OLLI. Weiss Ratings lowered shares of Ollie's Bargain Outlet from a "hold (c)" rating to a "hold (c-)" rating in a research note on Thursday, July 16th. JPMorgan Chase & Co. increased their target price on Ollie's Bargain Outlet from $70.00 to $73.00 and gave the stock a "neutral" rating in a research report on Tuesday. Morgan Stanley cut their price target on Ollie's Bargain Outlet from $120.00 to $108.00 and set an "equal weight" rating for the company in a report on Thursday, June 4th. Citigroup reduced their price target on Ollie's Bargain Outlet from $141.00 to $111.00 and set a "buy" rating for the company in a research report on Tuesday, May 12th. Finally, The Goldman Sachs Group decreased their price objective on Ollie's Bargain Outlet from $129.00 to $112.00 and set a "buy" rating on the stock in a research note on Monday, June 29th. Thirteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $110.20.

Ollie's Bargain Outlet Trading Down 5.8%

OLLI stock opened at $74.75 on Friday. The firm has a 50 day moving average of $72.93 and a 200-day moving average of $86.82. Ollie's Bargain Outlet Holdings, Inc. has a 12 month low of $60.29 and a 12 month high of $140.17. The firm has a market capitalization of $4.52 billion, a P/E ratio of 18.46, a price-to-earnings-growth ratio of 1.40 and a beta of 0.46.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last issued its quarterly earnings data 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 during 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%. Ollie's Bargain Outlet's revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.75 earnings per share. Ollie's Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. Sell-side analysts predict that Ollie's Bargain Outlet Holdings, Inc. will post 4.44 EPS 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.

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