VELA Investment Management LLC Acquires New Position in Ollie's Bargain Outlet Holdings, Inc. $OLLI

Key Points

• VELA Investment Management acquired 25,047 shares of Ollie’s Bargain Outlet in the second quarter, valued at approximately $1.93 million. Other major investors, including BlackRock and Wasatch Advisors, also added significant positions.
• Ollie’s reported second-quarter adjusted EPS of $1.42, beating the $1.12 consensus estimate, while revenue rose 9.1% year over year to $741.3 million but fell short of expectations.
• Analysts maintain a broadly positive view, with a “Moderate Buy” consensus and an average price target of $102.43, although several firms lowered targets due to weak comparable-store sales and a cautious revenue outlook.

VELA Investment Management LLC bought a new position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) in the second quarter, according to its most recent filing with the SEC. The firm bought 25,047 shares of the company's stock, valued at approximately $1,926,000.

Other large investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in Ollie's Bargain Outlet during the 2nd quarter valued at about $430,204,000. Wasatch Advisors LP raised its stake in shares of 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 worth $335,356,000 after purchasing an additional 1,371,744 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Ollie's Bargain Outlet by 315.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,707,117 shares of the company's stock worth $187,117,000 after purchasing an additional 1,296,672 shares during the period. Balyasny Asset Management L.P. acquired a new stake in shares of Ollie's Bargain Outlet during the third quarter worth about $136,152,000. Finally, Primecap Management Co. CA purchased a new stake in Ollie's Bargain Outlet in the second quarter valued at approximately $67,338,000.

Ollie's Bargain Outlet Stock Performance

Shares of OLLI stock opened at $76.57 on Monday. Ollie's Bargain Outlet Holdings, Inc. has a 12-month low of $60.29 and a 12-month high of $139.21. The business's 50 day moving average is $72.37 and its two-hundred day moving average is $83.93. The company has a market capitalization of $4.55 billion, a P/E ratio of 17.09, a P/E/G ratio of 1.27 and a beta of 0.50.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last posted 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 business had revenue of $741.31 million during the quarter, compared to analysts' expectations 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 revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.99 earnings per share. Ollie's Bargain Outlet has set its FY 2026 guidance at 4.570-4.650 EPS. On average, research analysts predict that Ollie's Bargain Outlet Holdings, Inc. will post 4.61 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on OLLI shares. Morgan Stanley reduced their price target on shares of Ollie's Bargain Outlet from $108.00 to $98.00 and set an "equal weight" rating for the company in a research report on Thursday. Royal Bank Of Canada lifted their target price on shares of Ollie's Bargain Outlet from $121.00 to $124.00 and gave the company an "outperform" rating in a report on Thursday. Gordon Haskett reiterated 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. Citigroup lowered their price target on shares of Ollie's Bargain Outlet from $100.00 to $98.00 and set a "buy" rating on the stock in a report on Friday. Finally, Weiss Ratings lowered shares of Ollie's Bargain Outlet from a "hold (c)" rating to a "hold (c-)" rating in a research report on Thursday, July 16th. Thirteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Ollie's Bargain Outlet currently has a consensus rating of "Moderate Buy" and an average price target of $102.43.

Ollie's Bargain Outlet News Roundup

Here are the key news stories impacting Ollie's Bargain Outlet this week:

• Positive Sentiment: Ollie’s reported second-quarter adjusted EPS of $1.42, exceeding the $1.12 analyst consensus and rising from $0.99 a year earlier. Revenue increased 9.1% year over year to $741.3 million, while tariff refunds helped lift profitability. OLLI Q2 Earnings Beat Estimates on Tariff Refunds, Sales Miss
• Positive Sentiment: The company raised its fiscal 2026 adjusted EPS outlook to $4.57–$4.65, above the prior outlook and broadly ahead of analyst expectations. Ollie's Raises Earnings Outlook on Tariff Refunds Despite Sluggish Sales
• Positive Sentiment: Analysts remain broadly constructive. Citi, Goldman Sachs, Piper Sandler, Wells Fargo and RBC maintained positive ratings, with targets generally implying meaningful upside; RBC raised its target to $124 and Jefferies maintained a Buy rating.
• Positive Sentiment: Management plans to invest $15 million in lower prices, which could strengthen Ollie’s value proposition, support traffic and improve competitiveness in the discount retail market. Ollie’s Bargain Outlets will plow $15M into lower prices
• Neutral Sentiment: Several firms lowered their price targets following the earnings report—Goldman Sachs to $100, Citi and Morgan Stanley to $98, Piper Sandler to $100, and Wells Fargo to $90—while retaining Buy, Overweight or Equal Weight ratings. The revisions suggest improved valuation discipline despite continued confidence in the business.
• Negative Sentiment: Revenue fell short of expectations, and sluggish comparable-store sales prompted a more cautious sales outlook. The planned price reductions may also pressure near-term margins if increased customer traffic does not offset lower prices.

About Ollie's Bargain Outlet

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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