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

Key Points

• VELA Investment Management initiated a new position in Ollie’s Bargain Outlet, purchasing 24,136 shares valued at approximately $1.86 million. Several other institutional investors also increased their holdings.
• Ollie’s reported quarterly EPS of $1.42, beating analyst expectations of $1.12, while revenue rose 9.1% year over year to $741.31 million but fell slightly short of estimates.
• Analysts maintain a generally positive outlook, with 13 Buy ratings and four Holds; the stock has a “Moderate Buy” consensus rating and an average price target of $102.43, compared with a recent price of $76.57.

VELA Investment Management LLC purchased a new position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 24,136 shares of the company's stock, valued at approximately $1,856,000.

Other large investors also recently modified their holdings of the company. Jupiter Topco LLC bought a new stake in shares of Ollie's Bargain Outlet during the 2nd quarter valued at about $2,066,000. TimesSquare Capital Management LLC boosted its holdings in shares of Ollie's Bargain Outlet by 42.7% in the fourth quarter. TimesSquare Capital Management LLC now owns 246,235 shares of the company's stock worth $26,990,000 after buying an additional 73,633 shares during the last quarter. Capital World Investors boosted its holdings in shares of Ollie's Bargain Outlet by 76.5% in the fourth quarter. Capital World Investors now owns 695,464 shares of the company's stock worth $76,230,000 after buying an additional 301,332 shares during the last quarter. Stephens Investment Management Group LLC grew its position in Ollie's Bargain Outlet by 32.8% during the first quarter. Stephens Investment Management Group LLC now owns 1,126,255 shares of the company's stock valued at $103,661,000 after buying an additional 277,870 shares during the period. Finally, Dynamic Technology Lab Private Ltd grew its position in Ollie's Bargain Outlet by 168.4% during the fourth quarter. Dynamic Technology Lab Private Ltd now owns 28,133 shares of the company's stock valued at $3,084,000 after buying an additional 17,653 shares during the period.

Ollie's Bargain Outlet Price Performance

OLLI opened at $76.57 on Tuesday. The firm has a market cap of $4.55 billion, a P/E ratio of 17.09, a PEG ratio of 1.27 and a beta of 0.50. Ollie's Bargain Outlet Holdings, Inc. has a 1-year low of $60.29 and a 1-year high of $139.21. The company has a 50 day simple moving average of $72.45 and a two-hundred day simple moving average of $83.68.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last announced its quarterly earnings data on Wednesday, September 2nd. The company reported $1.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.12 by $0.30. The firm had revenue of $741.31 million during the quarter, compared to analysts' expectations of $747.71 million. Ollie's Bargain Outlet had a net margin of 9.79% and a return on equity of 14.54%. The company's revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.99 earnings per share. Ollie's Bargain Outlet has set its FY 2026 guidance at 4.570-4.650 EPS. Equities analysts anticipate that Ollie's Bargain Outlet Holdings, Inc. will post 4.61 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on OLLI shares. Morgan Stanley decreased their price target on shares of Ollie's Bargain Outlet from $108.00 to $98.00 and set an "equal weight" rating on the stock in a research report on Thursday, September 3rd. Citigroup reduced their price objective on Ollie's Bargain Outlet from $100.00 to $98.00 and set a "buy" rating for the company in a research note on Friday. KeyCorp reaffirmed an "overweight" rating on shares of Ollie's Bargain Outlet in a report on Thursday. Truist Financial lifted their target price on Ollie's Bargain Outlet from $80.00 to $85.00 and gave the company a "buy" rating in a research report on Thursday. Finally, Royal Bank Of Canada boosted their price target on Ollie's Bargain Outlet from $121.00 to $124.00 and gave the company an "outperform" rating in a report on Thursday, September 3rd. Thirteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $102.43.

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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