Ollie's Bargain Outlet Holdings, Inc. $OLLI Shares Acquired by WINTON GROUP Ltd

Key Points

• WINTON GROUP Ltd increased its Ollie’s Bargain Outlet position by 46.5% in the second quarter, acquiring 21,437 additional shares and bringing its holdings to 67,584 shares valued at approximately $5.2 million.
• Analysts maintain a generally positive outlook, with 13 Buy ratings and four Holds, producing a “Moderate Buy” consensus and an average price target of $102.43. Recent target changes included UBS and Citigroup reductions, while Truist raised its target to $85.
• Ollie’s reported quarterly EPS of $1.42, beating estimates of $1.12, while revenue rose 9.1% year over year to $741.31 million but fell slightly short of expectations. Shares opened at $71.92, near the lower end of their 12-month range.

WINTON GROUP Ltd grew its position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 46.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 67,584 shares of the company's stock after acquiring an additional 21,437 shares during the quarter. WINTON GROUP Ltd owned about 0.11% of Ollie's Bargain Outlet worth $5,196,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Thrivent Financial for Lutherans raised its stake in Ollie's Bargain Outlet by 0.6% in the 2nd quarter. Thrivent Financial for Lutherans now owns 14,458 shares of the company's stock valued at $1,905,000 after purchasing an additional 91 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Ollie's Bargain Outlet by 49.2% during the 4th 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. Dana Investment Advisors Inc. grew its holdings in shares of Ollie's Bargain Outlet by 2.5% during the fourth quarter. Dana Investment Advisors Inc. now owns 5,649 shares of the company's stock worth $619,000 after buying an additional 137 shares in the last quarter. Lazard Asset Management LLC grew its holdings in shares of Ollie's Bargain Outlet by 5.8% during the second quarter. Lazard Asset Management LLC now owns 2,508 shares of the company's stock worth $330,000 after buying an additional 138 shares in the last quarter. Finally, Madison Asset Management LLC grew its holdings in shares of Ollie's Bargain Outlet by 0.6% during the fourth quarter. Madison Asset Management LLC now owns 23,222 shares of the company's stock worth $2,545,000 after buying an additional 149 shares in the last quarter.

Analyst Ratings Changes

Several equities analysts have recently weighed in on OLLI shares. KeyCorp reissued an "overweight" rating on shares of Ollie's Bargain Outlet in a research note on Thursday, September 3rd. UBS Group dropped their price objective on shares of Ollie's Bargain Outlet from $87.00 to $85.00 and set a "neutral" rating for the company in a research note on Thursday, August 27th. Citigroup cut their price objective on shares of Ollie's Bargain Outlet from $100.00 to $98.00 and set a "buy" rating for the company in a report on Friday, September 4th. Gordon Haskett reissued an "accumulate" rating and issued a $90.00 target price (down from $100.00) on shares of Ollie's Bargain Outlet in a research note on Thursday, June 4th. Finally, Truist Financial boosted their target price on Ollie's Bargain Outlet from $80.00 to $85.00 and gave the stock a "buy" rating in a report on Thursday, September 3rd. Thirteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $102.43.

Ollie's Bargain Outlet Trading Down 0.6%

Shares of OLLI opened at $71.92 on Friday. The firm has a market cap of $4.27 billion, a P/E ratio of 16.05, a price-to-earnings-growth ratio of 1.20 and a beta of 0.50. Ollie's Bargain Outlet Holdings, Inc. has a 12-month low of $60.29 and a 12-month high of $139.21. The company's 50-day moving average price is $72.35 and its 200 day moving average price is $82.92.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last announced its earnings results on Wednesday, September 2nd. The company reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.30. Ollie's Bargain Outlet had a net margin of 9.79% and a return on equity of 14.54%. The company had revenue of $741.31 million during the quarter, compared to analyst estimates of $747.71 million. During the same quarter last year, the firm posted $0.99 earnings per share. Ollie's Bargain Outlet's revenue was up 9.1% compared to the same quarter last year. Ollie's Bargain Outlet has set its FY 2026 guidance at 4.570-4.650 EPS. Equities research analysts forecast that Ollie's Bargain Outlet Holdings, Inc. will post 4.6 earnings per share 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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