Emerald Mutual Fund Advisers Trust Raises Stock Holdings in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Emerald Mutual Fund Advisers Trust raised its stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 6.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 197,473 shares of the company’s stock after buying an additional 11,850 shares during the quarter. Emerald Mutual Fund Advisers Trust’s holdings in Ollie’s Bargain Outlet were worth $18,175,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in OLLI. Peregrine Capital Management LLC boosted its position in shares of Ollie’s Bargain Outlet by 21.2% during the 4th quarter. Peregrine Capital Management LLC now owns 120,733 shares of the company’s stock worth $13,234,000 after purchasing an additional 21,138 shares during the period. TimesSquare Capital Management LLC raised its position in 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 valued at $26,990,000 after purchasing an additional 73,633 shares during the period. Capital World Investors lifted its stake in Ollie’s Bargain Outlet by 76.5% during the fourth quarter. Capital World Investors now owns 695,464 shares of the company’s stock worth $76,230,000 after purchasing an additional 301,332 shares in the last quarter. Capital Research Global Investors boosted its position in shares of Ollie’s Bargain Outlet by 70.2% during the fourth quarter. Capital Research Global Investors now owns 772,837 shares of the company’s stock worth $84,711,000 after buying an additional 318,865 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of Ollie’s Bargain Outlet by 80.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 213,047 shares of the company’s stock worth $23,352,000 after buying an additional 95,011 shares during the period.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Piper Sandler set a $114.00 target price on Ollie’s Bargain Outlet in a research note on Wednesday, June 3rd. The Goldman Sachs Group reduced their price target on shares of Ollie’s Bargain Outlet from $129.00 to $112.00 and set a “buy” rating on the stock in a research report on Monday, June 29th. Loop Capital reaffirmed a “buy” rating and set a $135.00 target price on shares of Ollie’s Bargain Outlet in a research note on Thursday, June 4th. Citigroup reduced their target price on shares of Ollie’s Bargain Outlet from $141.00 to $111.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Finally, Gordon Haskett restated an “accumulate” rating and issued a $90.00 price target (down from $100.00) 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 assigned a Hold rating to the stock. Based on data from MarketBeat.com, Ollie’s Bargain Outlet currently has a consensus rating of “Moderate Buy” and an average target price of $115.93.

Ollie’s Bargain Outlet Stock Performance

OLLI stock opened at $65.33 on Tuesday. The company’s 50 day moving average price is $76.92 and its 200 day moving average price is $94.82. The firm has a market capitalization of $3.95 billion, a price-to-earnings ratio of 16.13, a PEG ratio of 1.15 and a beta of 0.47. Ollie’s Bargain Outlet Holdings, Inc. has a fifty-two week low of $60.29 and a fifty-two week high of $141.74.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings results on Wednesday, June 3rd. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. Ollie’s Bargain Outlet had a net margin of 9.13% and a return on equity of 13.43%. The company had revenue of $658.93 million during the quarter, compared to the consensus estimate of $661.65 million. During the same quarter in the previous year, the firm earned $0.75 earnings per share. The firm’s quarterly revenue was up 14.2% on a year-over-year basis. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. Equities analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 4.45 EPS for the current fiscal year.

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.