Ancora Advisors LLC Has $2.04 Million Stock Holdings in Ollie's Bargain Outlet Holdings, Inc. $OLLI

Key Points

• Ancora Advisors increased its Ollie’s Bargain Outlet stake by 132,600% in the second quarter, purchasing 26,520 additional shares and bringing its total position to 26,540 shares valued at approximately $2.04 million.
• Ollie’s reported quarterly EPS of $0.91, beating estimates of $0.87, while revenue rose 14.2% year over year to $658.93 million, slightly below analyst expectations.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $109.47, although several firms recently lowered their targets; shares opened at $74.27, well below their 52-week high of $140.17.

Ancora Advisors LLC lifted its holdings in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 132,600.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,540 shares of the company's stock after buying an additional 26,520 shares during the quarter. Ancora Advisors LLC's holdings in Ollie's Bargain Outlet were worth $2,040,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Thrivent Financial for Lutherans lifted its position in shares of Ollie's Bargain Outlet by 0.6% during the second quarter. Thrivent Financial for Lutherans now owns 14,458 shares of the company's stock worth $1,905,000 after purchasing an additional 91 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Ollie's Bargain Outlet by 49.2% in the 4th 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. Dana Investment Advisors Inc. raised its position in Ollie's Bargain Outlet by 2.5% in the 4th quarter. Dana Investment Advisors Inc. now owns 5,649 shares of the company's stock worth $619,000 after purchasing an additional 137 shares during the last quarter. Lazard Asset Management LLC lifted its holdings in Ollie's Bargain Outlet by 5.8% during the 2nd quarter. Lazard Asset Management LLC now owns 2,508 shares of the company's stock worth $330,000 after buying an additional 138 shares in the last quarter. Finally, Madison Asset Management LLC lifted its holdings in Ollie's Bargain Outlet by 0.6% during the 4th quarter. Madison Asset Management LLC now owns 23,222 shares of the company's stock worth $2,545,000 after buying an additional 149 shares in the last quarter.

Ollie's Bargain Outlet Stock Performance

Shares of NASDAQ OLLI opened at $74.27 on Thursday. Ollie's Bargain Outlet Holdings, Inc. has a 52-week low of $60.29 and a 52-week high of $140.17. The stock has a market cap of $4.49 billion, a P/E ratio of 18.34, a P/E/G ratio of 1.32 and a beta of 0.46. The firm has a 50 day moving average price of $72.40 and a 200 day moving average price of $85.89.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last posted its earnings results on Wednesday, June 3rd. The company reported $0.91 earnings per share for the quarter, topping 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 business's revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period last year, the business posted $0.75 earnings per share. Ollie's Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. Analysts predict that Ollie's Bargain Outlet Holdings, Inc. will post 4.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on OLLI. Piper Sandler cut their price target on Ollie's Bargain Outlet from $114.00 to $113.00 and set an "overweight" rating on the stock in a research note on Tuesday, August 18th. UBS Group set a $80.00 price objective on Ollie's Bargain Outlet in a research report on Thursday, July 9th. Royal Bank Of Canada reissued an "outperform" rating and set a $121.00 price objective on shares of Ollie's Bargain Outlet in a report on Tuesday. Gordon Haskett restated an "accumulate" rating and set a $90.00 target price (down from $100.00) on shares of Ollie's Bargain Outlet in a research report on Thursday, June 4th. Finally, Truist Financial reduced 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 investment 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 presently has an average rating of "Moderate Buy" and an average price target of $109.47.

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.

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