55,972 Ollie’s Bargain Outlet Holdings, Inc. $OLLI Shares Bought by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS lifted its stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 154.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 92,322 shares of the company’s stock after purchasing an additional 55,972 shares during the period. Kornitzer Capital Management Inc. KS owned approximately 0.16% of Ollie’s Bargain Outlet worth $7,907,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of OLLI. Parallel Advisors LLC increased its holdings in shares of Ollie’s Bargain Outlet by 29.9% in the third quarter. Parallel Advisors LLC now owns 664 shares of the company’s stock valued at $57,000 after purchasing an additional 153 shares in the last quarter. Heritage Family Offices LLP bought a new position in Ollie’s Bargain Outlet in the 3rd quarter worth approximately $33,000. Associated Banc Corp bought a new position in Ollie’s Bargain Outlet in the 3rd quarter worth approximately $302,000. Putney Financial Group LLC acquired a new position in Ollie’s Bargain Outlet during the 3rd quarter worth $26,000. Finally, Integrity Alliance LLC. acquired a new position in Ollie’s Bargain Outlet during the 3rd quarter worth $957,000.

Wall Street Analyst Weigh In

OLLI has been the topic of a number of recent research reports. Morgan Stanley decreased their price objective on 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. The Goldman Sachs Group dropped their target price on Ollie’s Bargain Outlet from $112.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday, September 3rd. Citigroup cut their price target on Ollie’s Bargain Outlet from $100.00 to $98.00 and set a “buy” rating on the stock in a research note on Friday, September 4th. Craig Hallum reiterated a “buy” rating and issued a $120.00 price target on shares of Ollie’s Bargain Outlet in a report on Thursday, September 3rd. Finally, Gordon Haskett upgraded Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and set a $105.00 price objective for the company in a research report on Tuesday, October 13th. Thirteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $103.57.

Ollie’s Bargain Outlet Stock Down 2.8%

Shares of OLLI stock opened at $90.40 on Friday. Ollie’s Bargain Outlet Holdings, Inc. has a 12-month low of $60.29 and a 12-month high of $130.40. The firm has a market capitalization of $5.37 billion, a price-to-earnings ratio of 20.18, a price-to-earnings-growth ratio of 1.49 and a beta of 0.36. The firm has a fifty day moving average of $84.07 and a 200-day moving average of $86.77.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings results on Wednesday, September 2nd. The company reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.30. Ollie’s Bargain Outlet had a return on equity of 14.54% and a net margin of 9.79%. The company had revenue of $741.31 million for 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. Research analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 4.61 earnings per share for the current year.

Ollie’s Bargain Outlet Profile

Ollie’s Bargain Outlet Holdings, Inc operates Ollie’s Bargain Outlet, a U.S. retailer specializing in closeout, excess, and salvage merchandise. Its stores offer a constantly changing assortment of brand-name and private-label products at discounted prices, with inventory varying according to available purchasing opportunities.

The company’s product categories generally include housewares, food, health and beauty products, toys, books, electronics, clothing, hardware, seasonal merchandise, and home furnishings.