Landscape Capital Management L.L.C. Invests $1.36 Million in Ollie's Bargain Outlet Holdings, Inc. $OLLI

Key Points

• Landscape Capital Management initiated a $1.36 million position in Ollie’s Bargain Outlet during the second quarter, purchasing 17,654 shares. Several other institutional investors also increased their holdings.
• Analysts remain broadly positive, with 13 Buy ratings and four Holds, though several firms recently lowered their price targets. The consensus rating is “Moderate Buy,” with an average target of $110.20.
• 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. The stock opened at $76.07, well below its 52-week high of $140.17.

Landscape Capital Management L.L.C. purchased a new position in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 17,654 shares of the company's stock, valued at approximately $1,357,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC boosted its position in Ollie's Bargain Outlet by 218.8% in the 4th quarter. Cornerstone Planning Group LLC now owns 255 shares of the company's stock valued at $27,000 after buying an additional 175 shares during the last quarter. Allworth Financial LP increased its position in shares of 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 acquiring an additional 166 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Ollie's Bargain Outlet by 49.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 279 shares of the company's stock worth $31,000 after acquiring an additional 92 shares in the last quarter. CENTRAL TRUST Co lifted its stake in shares of Ollie's Bargain Outlet by 131.6% in the first quarter. CENTRAL TRUST Co now owns 477 shares of the company's stock worth $44,000 after acquiring an additional 271 shares in the last quarter. Finally, Root Financial Partners LLC boosted its holdings 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 valued at $45,000 after purchasing an additional 320 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on OLLI. Wells Fargo & Company lowered their price objective on Ollie's Bargain Outlet from $115.00 to $100.00 and set an "overweight" rating for the company in a research note on Monday, August 17th. Truist Financial cut their target price on 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. Morgan Stanley reduced their target price on 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. The Goldman Sachs Group decreased their price target on shares of Ollie's Bargain Outlet from $129.00 to $112.00 and set a "buy" rating for the company in a research report on Monday, June 29th. Finally, Loop Capital restated 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 investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Ollie's Bargain Outlet presently has an average rating of "Moderate Buy" and a consensus price target of $110.20.

Ollie's Bargain Outlet Stock Up 1.8%

NASDAQ:OLLI opened at $76.07 on Friday. The business's 50 day moving average is $72.79 and its two-hundred day moving average is $86.74. Ollie's Bargain Outlet Holdings, Inc. has a 52 week low of $60.29 and a 52 week high of $140.17. The company has a market cap of $4.60 billion, a PE ratio of 18.78, a P/E/G ratio of 1.34 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, beating analysts' consensus estimates of $0.87 by $0.04. The business had revenue of $658.93 million during the quarter, compared to the consensus estimate of $661.65 million. Ollie's Bargain Outlet had a return on equity of 13.43% and a net margin of 9.13%.The business's quarterly revenue was up 14.2% on a year-over-year basis. During the same period 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, sell-side 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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