Emerald Investment Advisers LLC Invests $2.85 Million in Ollie's Bargain Outlet Holdings, Inc. $OLLI

Key Points

• Emerald Investment Advisers acquired 37,044 shares of Ollie’s Bargain Outlet worth approximately $2.85 million, representing 0.06% of the company. Several other major institutional investors also added or initiated positions.
• 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 remain broadly positive, with 13 Buy ratings and four Holds producing a “Moderate Buy” consensus and an average price target of $110.20, despite multiple recent target-price reductions.

Emerald Investment Advisers LLC bought a new stake in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 37,044 shares of the company's stock, valued at approximately $2,848,000. Emerald Investment Advisers LLC owned 0.06% of Ollie's Bargain Outlet at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in Ollie's Bargain Outlet during the 2nd quarter worth $430,204,000. Wasatch Advisors LP increased its stake in Ollie's Bargain Outlet by 45.9% in the second quarter. Wasatch Advisors LP now owns 4,362,067 shares of the company's stock valued at $335,356,000 after purchasing an additional 1,371,744 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Ollie's Bargain Outlet by 315.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,707,117 shares of the company's stock valued at $187,117,000 after buying an additional 1,296,672 shares during the last quarter. Balyasny Asset Management L.P. purchased a new stake in shares of Ollie's Bargain Outlet in the third quarter valued at about $136,152,000. Finally, Norges Bank acquired a new stake in shares of Ollie's Bargain Outlet during the fourth quarter worth about $85,845,000.

Ollie's Bargain Outlet Stock Performance

Ollie's Bargain Outlet stock opened at $76.07 on Friday. Ollie's Bargain Outlet Holdings, Inc. has a one year low of $60.29 and a one year high of $140.17. The business has a fifty day moving average of $72.79 and a two-hundred day moving average of $86.74. The company has a market cap of $4.60 billion, a P/E ratio of 18.78, a price-to-earnings-growth ratio of 1.34 and a beta of 0.46.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last issued its earnings results on Wednesday, June 3rd. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.87 by $0.04. Ollie's Bargain Outlet had a net margin of 9.13% and a return on equity of 13.43%. The company had revenue of $658.93 million for the quarter, compared to analyst estimates of $661.65 million. During the same period in the previous year, the firm earned $0.75 EPS. The business's revenue 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. Sell-side analysts predict that Ollie's Bargain Outlet Holdings, Inc. will post 4.44 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on OLLI. Wells Fargo & Company lowered their price target on Ollie's Bargain Outlet from $115.00 to $100.00 and set an "overweight" rating on the stock in a report on Monday, August 17th. Royal Bank Of Canada reduced their price objective 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. Piper Sandler decreased their price objective on Ollie's Bargain Outlet from $114.00 to $113.00 and set an "overweight" rating for the company in a research report on Tuesday. Gordon Haskett reaffirmed an "accumulate" rating and set a $90.00 price objective (down from $100.00) on shares of Ollie's Bargain Outlet in a research report on Thursday, June 4th. Finally, JPMorgan Chase & Co. lifted their target price 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. Thirteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $110.20.

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.

Want to see what other hedge funds are holding OLLI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source