HBK Sorce Advisory LLC Acquires Shares of 19,873 Ollie's Bargain Outlet Holdings, Inc. $OLLI

Key Points

• HBK Sorce Advisory LLC acquired 19,873 shares of Ollie’s Bargain Outlet worth approximately $1.56 million during the second quarter, joining other institutional investors that increased their positions.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $111.07, although several firms recently lowered their targets.
• Ollie’s reported quarterly EPS of $0.91, exceeding estimates of $0.87, while revenue rose 14.2% year over year to $658.93 million. The stock opened at $76.49, versus a 52-week range of $60.29 to $140.54.

HBK Sorce Advisory LLC acquired a new position in shares of 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 acquired 19,873 shares of the company's stock, valued at approximately $1,558,000.

Other institutional investors have also recently made changes to their positions in the company. Cornerstone Planning Group LLC raised its holdings 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 valued at $27,000 after purchasing an additional 175 shares during the last quarter. Allworth Financial LP boosted its holdings in Ollie's Bargain Outlet by 301.8% during the third quarter. Allworth Financial LP now owns 221 shares of the company's stock worth $28,000 after purchasing an additional 166 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Ollie's Bargain Outlet by 49.2% during the fourth 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 last quarter. CENTRAL TRUST Co boosted its holdings in Ollie's Bargain Outlet by 131.6% during the first quarter. CENTRAL TRUST Co now owns 477 shares of the company's stock worth $44,000 after purchasing an additional 271 shares during the last quarter. Finally, Root Financial Partners LLC grew its position in Ollie's Bargain Outlet by 190.5% in the 1st 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.

Wall Street Analysts Forecast Growth

Several research firms have commented on OLLI. Morgan Stanley decreased their price objective on shares of Ollie's Bargain Outlet from $120.00 to $108.00 and set an "equal weight" rating for the company in a research note on Thursday, June 4th. Truist Financial reduced their target price on Ollie's Bargain Outlet from $112.00 to $80.00 and set a "buy" rating for the company in a report on Thursday, July 9th. UBS Group set a $80.00 target price on Ollie's Bargain Outlet in a report on Thursday, July 9th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $70.00 price target (down from $152.00) on shares of Ollie's Bargain Outlet in a research report on Wednesday, July 8th. Finally, Wells Fargo & Company dropped their price target on Ollie's Bargain Outlet from $130.00 to $115.00 and set an "overweight" rating on the stock in a report on Wednesday, May 13th. Thirteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Ollie's Bargain Outlet has a consensus rating of "Moderate Buy" and a consensus price target of $111.07.

Ollie's Bargain Outlet Stock Performance

NASDAQ OLLI opened at $76.49 on Monday. The company has a market capitalization of $4.62 billion, a PE ratio of 18.89, a price-to-earnings-growth ratio of 1.35 and a beta of 0.46. Ollie's Bargain Outlet Holdings, Inc. has a 52-week low of $60.29 and a 52-week high of $140.54. The company has a 50-day simple moving average of $73.20 and a 200 day simple moving average of $87.73.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last released its earnings results 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. Ollie's Bargain Outlet had a net margin of 9.13% and a return on equity of 13.43%. The firm had revenue of $658.93 million for the quarter, compared to analysts' expectations of $661.65 million. During the same period in the previous year, the company earned $0.75 earnings per share. The company's quarterly 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. As a group, analysts forecast that Ollie's Bargain Outlet Holdings, Inc. will post 4.45 EPS 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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