Deutsche Bank AG Takes $1.28 Million Position in Ollie's Bargain Outlet Holdings, Inc. $OLLI

Key Points

• Deutsche Bank acquired a new 16,706-share position in Ollie’s Bargain Outlet during the second quarter, valued at approximately $1.28 million. Several other institutional investors also increased their holdings.
• Analysts maintain a generally positive outlook, with 13 Buy ratings and four Holds, producing a “Moderate Buy” consensus and an average price target of $107.29, despite several recent target reductions.
• Ollie’s shares opened at $72.42, well below their 52-week high of $139.21. The company recently exceeded quarterly EPS estimates, reporting $0.91 versus $0.87 expected, while revenue rose 14.2% year over year.

Deutsche Bank AG acquired a new stake in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 16,706 shares of the company's stock, valued at approximately $1,284,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC boosted its position in shares of Ollie's Bargain Outlet by 218.8% in the fourth quarter. Cornerstone Planning Group LLC now owns 255 shares of the company's stock worth $27,000 after purchasing an additional 175 shares during the period. Allworth Financial LP raised its position in shares of Ollie's Bargain Outlet by 301.8% during the 3rd quarter. Allworth Financial LP now owns 221 shares of the company's stock valued at $28,000 after purchasing an additional 166 shares during the period. Northwestern Mutual Wealth Management Co. raised 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 valued at $31,000 after purchasing an additional 92 shares during the period. CENTRAL TRUST Co lifted its stake in shares of Ollie's Bargain Outlet by 131.6% during 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 in the last quarter. Finally, Root Financial Partners LLC lifted its stake in shares of Ollie's Bargain Outlet by 190.5% during the 1st quarter. Root Financial Partners LLC now owns 488 shares of the company's stock valued at $45,000 after buying an additional 320 shares in the last quarter.

Wall Street Analysts Forecast Growth

OLLI has been the subject of a number of recent analyst reports. KeyCorp dropped their price objective on Ollie's Bargain Outlet from $140.00 to $98.00 and set an "overweight" rating for the company in a research note on Thursday, July 16th. Royal Bank Of Canada reissued an "outperform" rating and set a $121.00 target price on shares of Ollie's Bargain Outlet in a research note on Tuesday. Citigroup dropped their price target on Ollie's Bargain Outlet from $111.00 to $100.00 and set a "buy" rating for the company in a research note on Wednesday. Truist Financial reduced their price objective on shares of Ollie's Bargain Outlet from $112.00 to $80.00 and set a "buy" rating on the stock in a research report on Thursday, July 9th. Finally, Loop Capital reiterated a "buy" rating and issued a $135.00 price target on shares of Ollie's Bargain Outlet in a research note on Thursday, June 4th. Thirteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Ollie's Bargain Outlet has an average rating of "Moderate Buy" and an average price target of $107.29.

Ollie's Bargain Outlet Price Performance

Shares of NASDAQ:OLLI opened at $72.42 on Friday. Ollie's Bargain Outlet Holdings, Inc. has a 1 year low of $60.29 and a 1 year high of $139.21. The business has a 50 day simple moving average of $72.20 and a two-hundred day simple moving average of $85.51. The firm has a market capitalization of $4.38 billion, a PE ratio of 17.88, a price-to-earnings-growth ratio of 1.28 and a beta of 0.46.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last issued its quarterly 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. Ollie's Bargain Outlet had a return on equity of 13.43% and a net margin of 9.13%.The firm had revenue of $658.93 million for the quarter, compared to the consensus estimate of $661.65 million. During the same period in the prior year, the business posted $0.75 earnings per share. The company's revenue for the quarter was up 14.2% on a year-over-year basis. Ollie's Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. Equities research analysts expect that Ollie's Bargain Outlet Holdings, Inc. will post 4.44 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.

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