Engineers Gate Manager LP Purchases 21,467 Shares of Ollie's Bargain Outlet Holdings, Inc. $OLLI

Key Points

• Engineers Gate Manager LP increased its Ollie’s Bargain Outlet stake by 176.4% in the second quarter, acquiring 21,467 shares and bringing its total holding to 33,639 shares valued at approximately $2.59 million.
• Ollie’s reported quarterly EPS of $1.42, beating the $1.12 consensus estimate, while revenue rose 9.1% year over year to $741.31 million but fell short of expectations.
• Analysts maintain a favorable outlook, with 13 Buy ratings and four Holds, producing a “Moderate Buy” consensus and an average price target of $102.43 versus the stock’s reported $77.02 price.

Engineers Gate Manager LP grew its position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 176.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,639 shares of the company's stock after acquiring an additional 21,467 shares during the period. Engineers Gate Manager LP owned 0.06% of Ollie's Bargain Outlet worth $2,586,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Allworth Financial LP increased its holdings in Ollie's Bargain Outlet by 81.9% during the 4th quarter. Allworth Financial LP now owns 402 shares of the company's stock valued at $44,000 after purchasing an additional 181 shares in the last quarter. CENTRAL TRUST Co raised its position in 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 purchasing an additional 271 shares during the last quarter. Root Financial Partners LLC boosted 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 purchasing an additional 320 shares in the last quarter. GAMMA Investing LLC boosted its stake in Ollie's Bargain Outlet by 13.2% in the second quarter. GAMMA Investing LLC now owns 1,632 shares of the company's stock worth $125,000 after purchasing an additional 190 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Ollie's Bargain Outlet by 21.5% during the first quarter. EverSource Wealth Advisors LLC now owns 1,798 shares of the company's stock worth $165,000 after purchasing an additional 318 shares during the last quarter.

Ollie's Bargain Outlet Stock Performance

NASDAQ:OLLI opened at $77.02 on Tuesday. The stock's fifty day moving average price is $72.49 and its two-hundred day moving average price is $82.46. Ollie's Bargain Outlet Holdings, Inc. has a 52-week low of $60.29 and a 52-week high of $139.21. The company has a market cap of $4.57 billion, a price-to-earnings ratio of 17.19, a P/E/G 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 EPS for the quarter, beating analysts' consensus estimates of $1.12 by $0.30. The firm had revenue of $741.31 million for the quarter, compared to analyst estimates of $747.71 million. Ollie's Bargain Outlet had a return on equity of 14.54% and a net margin of 9.79%.The business's quarterly revenue was up 9.1% compared to the same quarter last year. During the same period last year, the company earned $0.99 EPS. Ollie's Bargain Outlet has set its FY 2026 guidance at 4.570-4.650 EPS. On average, equities analysts predict that Ollie's Bargain Outlet Holdings, Inc. will post 4.6 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Royal Bank Of Canada raised their target price on Ollie's Bargain Outlet from $121.00 to $124.00 and gave the company an "outperform" rating in a research note on Thursday, September 3rd. Wells Fargo & Company set a $98.00 price target on shares of Ollie's Bargain Outlet in a research report on Thursday, September 3rd. Piper Sandler set a $98.00 price objective on shares of Ollie's Bargain Outlet in a report on Thursday, September 3rd. KeyCorp reissued an "overweight" rating on shares of Ollie's Bargain Outlet in a report on Thursday, September 3rd. Finally, Loop Capital restated a "buy" rating and issued a $135.00 price objective on shares of Ollie's Bargain Outlet in a research report on Thursday, June 4th. Thirteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $102.43.

About Ollie's Bargain Outlet

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.

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.