Baird Financial Group Inc. Invests $13.34 Million in Ollie's Bargain Outlet Holdings, Inc. $OLLI

Key Points

• Baird Financial Group initiated a $13.34 million position in Ollie’s Bargain Outlet, purchasing 173,567 shares and acquiring a 0.29% stake.
• Ollie’s reported quarterly EPS of $1.42, beating estimates of $1.12, while revenue rose 9.1% year over year to $741.31 million but fell short of expectations.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $102.43, well above the stock’s reported price of $73.56.

Baird Financial Group Inc. bought a new position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 173,567 shares of the company's stock, valued at approximately $13,344,000. Baird Financial Group Inc. owned 0.29% of Ollie's Bargain Outlet as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in OLLI. Allworth Financial LP grew its stake in shares of Ollie's Bargain Outlet by 301.8% in the third quarter. Allworth Financial LP now owns 221 shares of the company's stock worth $28,000 after purchasing an additional 166 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of 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 acquiring an additional 92 shares in the last quarter. CENTRAL TRUST Co raised its holdings in shares of Ollie's Bargain Outlet by 131.6% during the first quarter. CENTRAL TRUST Co now owns 477 shares of the company's stock valued at $44,000 after acquiring an additional 271 shares in the last quarter. Root Financial Partners LLC lifted its stake in Ollie's Bargain Outlet by 190.5% in the first quarter. Root Financial Partners LLC now owns 488 shares of the company's stock worth $45,000 after acquiring an additional 320 shares during the period. Finally, Quarry LP bought a new position in Ollie's Bargain Outlet in the 3rd quarter worth $55,000.

Ollie's Bargain Outlet Stock Performance

OLLI stock opened at $73.56 on Friday. The firm has a 50 day moving average price of $72.33 and a 200-day moving average price of $82.85. 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 market capitalization of $4.37 billion, a price-to-earnings ratio of 16.42, a PEG ratio of 1.22 and a beta of 0.50.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last announced its quarterly earnings data on Wednesday, September 2nd. The company reported $1.42 earnings per share (EPS) 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 during the quarter, compared to analysts' expectations of $747.71 million. During the same quarter in the previous year, the business earned $0.99 earnings per share. The firm's quarterly revenue was up 9.1% compared to the same quarter last year. Ollie's Bargain Outlet has set its FY 2026 guidance at 4.570-4.650 EPS. As a group, sell-side analysts forecast that Ollie's Bargain Outlet Holdings, Inc. will post 4.6 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have commented on OLLI shares. Citigroup lowered their price objective on shares of Ollie's Bargain Outlet from $100.00 to $98.00 and set a "buy" rating for the company in a report on Friday, September 4th. Piper Sandler set a $98.00 target price on Ollie's Bargain Outlet in a research note on Thursday, September 3rd. Gordon Haskett restated an "accumulate" rating and set a $90.00 price target (down from $100.00) on shares of Ollie's Bargain Outlet in a research report on Thursday, June 4th. Truist Financial lifted their price target on Ollie's Bargain Outlet from $80.00 to $85.00 and gave the company a "buy" rating in a research report on Thursday, September 3rd. Finally, Royal Bank Of Canada upped their price target on Ollie's Bargain Outlet from $121.00 to $124.00 and gave the stock an "outperform" rating in a research note on Thursday, September 3rd. Thirteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Ollie's Bargain Outlet currently has a consensus rating of "Moderate Buy" and a consensus target price of $102.43.

Ollie's Bargain Outlet Profile

Ollie's Bargain Outlet Holdings, Inc operates a chain of value-oriented retail stores under the Ollie's Bargain Outlet name. The company purchases closeout, excess, overstock, discontinued and salvage merchandise from manufacturers, distributors and other retailers, allowing it to offer products at discounted prices.

Its merchandise assortment typically includes housewares, food, hardware, toys, seasonal goods, apparel, health and personal-care products, books, flooring and other home-related items.

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