Diversify Advisory Services LLC Buys Shares of 20,611 Ollie's Bargain Outlet Holdings, Inc. $OLLI

Key Points

• Diversify Advisory Services purchased a new 20,611-share stake in Ollie’s Bargain Outlet during the second quarter, valued at approximately $1.38 million. Several other institutional investors, including BlackRock and TimesSquare Capital Management, also initiated positions.
• Analysts maintain a generally positive outlook, with 13 Buy ratings and four Holds, producing a consensus “Moderate Buy” rating and a target price of $110.20, despite several recent target-price reductions.
• 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 $79.39, well below their 52-week high of $140.17.

Diversify Advisory Services LLC purchased 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 SEC. The firm purchased 20,611 shares of the company's stock, valued at approximately $1,376,000.

A number of other institutional investors and hedge funds have also modified their holdings of OLLI. Summit Creek Advisors LLC purchased a new stake in Ollie's Bargain Outlet during the second quarter worth $7,036,000. First National Bank of Omaha purchased a new stake in shares of Ollie's Bargain Outlet in the 2nd quarter worth about $1,986,000. BlackRock Inc. acquired a new stake in Ollie's Bargain Outlet in the 2nd quarter valued at about $430,204,000. Deutsche Bank AG purchased a new position in Ollie's Bargain Outlet during the 2nd quarter valued at about $1,284,000. Finally, TimesSquare Capital Management LLC acquired a new position in Ollie's Bargain Outlet during the second quarter worth about $18,461,000.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on OLLI shares. KeyCorp lowered their price target on shares of Ollie's Bargain Outlet from $140.00 to $98.00 and set an "overweight" rating on the stock in a research report on Thursday, July 16th. JPMorgan Chase & Co. lifted their price objective on Ollie's Bargain Outlet from $70.00 to $73.00 and gave the stock a "neutral" rating in a research report on Tuesday. Weiss Ratings lowered Ollie's Bargain Outlet from a "hold (c)" rating to a "hold (c-)" rating in a research note on Thursday, July 16th. Wells Fargo & Company lowered their target price on Ollie's Bargain Outlet from $115.00 to $100.00 and set an "overweight" rating on the stock in a report on Monday. Finally, Citigroup cut their price target on Ollie's Bargain Outlet from $141.00 to $111.00 and set a "buy" rating for the company in a report on Tuesday, May 12th. Thirteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $110.20.

Ollie's Bargain Outlet Trading Up 4.2%

Ollie's Bargain Outlet stock opened at $79.39 on Thursday. The stock has a fifty day moving average price of $73.11 and a 200 day moving average price of $87.07. 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 market capitalization of $4.80 billion, a P/E ratio of 19.60, a PEG ratio of 1.35 and a beta of 0.46.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last posted its quarterly earnings results 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 return on equity of 13.43% and a net margin of 9.13%.The firm's revenue was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.75 EPS. Ollie's Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. As a group, equities analysts predict that Ollie's Bargain Outlet Holdings, Inc. will post 4.45 EPS for the current 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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