Connor Clark & Lunn Investment Management Ltd. Makes New $30.66 Million Investment in Ollie's Bargain Outlet Holdings, Inc. $OLLI

Key Points

• Connor Clark & Lunn Investment Management acquired 398,804 shares of Ollie’s Bargain Outlet worth approximately $30.66 million, representing a 0.66% stake.
• Analysts maintain a generally positive outlook, with 13 Buy ratings and four Hold ratings producing a consensus “Moderate Buy” rating and an average price target of $110.20.
• 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; shares opened at $76.35.

Connor Clark & Lunn Investment Management Ltd. bought a new stake in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 398,804 shares of the company's stock, valued at approximately $30,660,000. Connor Clark & Lunn Investment Management Ltd. owned 0.66% of Ollie's Bargain Outlet as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC grew its holdings in Ollie's Bargain Outlet by 218.8% in the 4th quarter. Cornerstone Planning Group LLC now owns 255 shares of the company's stock valued at $27,000 after buying an additional 175 shares in the last quarter. Allworth Financial LP raised its holdings in Ollie's Bargain Outlet by 301.8% in the 3rd quarter. Allworth Financial LP now owns 221 shares of the company's stock valued at $28,000 after buying an additional 166 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of Ollie's Bargain Outlet by 49.2% during 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 period. CENTRAL TRUST Co raised its holdings in shares of Ollie's Bargain Outlet by 131.6% in the 1st quarter. CENTRAL TRUST Co now owns 477 shares of the company's stock valued at $44,000 after buying an additional 271 shares during the period. Finally, Root Financial Partners LLC increased its stake in Ollie's Bargain Outlet by 190.5% during the first quarter. Root Financial Partners LLC now owns 488 shares of the company's stock worth $45,000 after purchasing an additional 320 shares during the period.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Weiss Ratings lowered shares of Ollie's Bargain Outlet from a "hold (c)" rating to a "hold (c-)" rating in a report on Thursday, July 16th. JPMorgan Chase & Co. increased their price objective on Ollie's Bargain Outlet from $70.00 to $73.00 and gave the company a "neutral" rating in a research note on Tuesday, August 18th. Loop Capital reiterated a "buy" rating and issued a $135.00 target price on shares of Ollie's Bargain Outlet in a report on Thursday, June 4th. Royal Bank Of Canada lowered their target price on Ollie's Bargain Outlet from $152.00 to $121.00 and set an "outperform" rating for the company in a research note on Thursday, July 30th. Finally, Citigroup cut their price target on Ollie's Bargain Outlet from $141.00 to $111.00 and set a "buy" rating on the stock in a report on Tuesday, May 12th. Thirteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $110.20.

Ollie's Bargain Outlet Stock Up 0.4%

NASDAQ OLLI opened at $76.35 on Tuesday. Ollie's Bargain Outlet Holdings, Inc. has a 52 week low of $60.29 and a 52 week high of $140.17. The firm has a 50 day moving average of $72.61 and a two-hundred day moving average of $86.35. The stock has a market capitalization of $4.62 billion, a PE ratio of 18.85, a price-to-earnings-growth ratio of 1.35 and a beta of 0.46.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last announced its quarterly earnings data on Wednesday, June 3rd. The company reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.87 by $0.04. The business 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 company's revenue was up 14.2% on a year-over-year basis. During the same period last year, the business earned $0.75 EPS. Ollie's Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. On average, equities research analysts expect that Ollie's Bargain Outlet Holdings, Inc. will post 4.44 earnings per share for the current fiscal year.

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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