398,804 Shares in Ollie’s Bargain Outlet Holdings, Inc. $OLLI Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 398,804 shares of the company’s stock, valued at approximately $30,660,000.

Several other large investors also recently bought and sold shares of the stock. Integrated Wealth Concepts LLC lifted its holdings in shares of Ollie’s Bargain Outlet by 28.0% in the 1st quarter. Integrated Wealth Concepts LLC now owns 2,815 shares of the company’s stock valued at $328,000 after purchasing an additional 615 shares during the last quarter. Jones Financial Companies Lllp grew its stake in Ollie’s Bargain Outlet by 993.4% during the 1st quarter. Jones Financial Companies Lllp now owns 2,154 shares of the company’s stock worth $251,000 after buying an additional 1,957 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Ollie’s Bargain Outlet by 42.7% during the first quarter. Goldman Sachs Group Inc. now owns 446,277 shares of the company’s stock worth $51,929,000 after buying an additional 133,537 shares during the period. Empowered Funds LLC purchased a new stake in Ollie’s Bargain Outlet in the first quarter valued at approximately $359,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Ollie’s Bargain Outlet by 12.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 183,412 shares of the company’s stock valued at $21,342,000 after acquiring an additional 19,837 shares during the period.

Ollie’s Bargain Outlet Trading Up 0.4%

OLLI stock opened at $76.35 on Tuesday. The firm has a market cap of $4.62 billion, a P/E ratio of 18.85, a P/E/G ratio of 1.35 and a beta of 0.46. Ollie’s Bargain Outlet Holdings, Inc. has a 12-month low of $60.29 and a 12-month high of $140.17. The stock’s 50 day simple moving average is $72.61 and its 200 day simple moving average is $86.35.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data on Wednesday, June 3rd. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.04. The firm had revenue of $658.93 million for the quarter, compared to analysts’ expectations of $661.65 million. Ollie’s Bargain Outlet had a return on equity of 13.43% and a net margin of 9.13%.The firm’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same period last year, the business posted $0.75 earnings per share. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. On average, research analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 4.44 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on OLLI. Truist Financial dropped their price target on Ollie’s Bargain Outlet from $112.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Morgan Stanley reduced their target price on Ollie’s Bargain Outlet from $120.00 to $108.00 and set an “equal weight” rating on the stock in a report on Thursday, June 4th. 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. Royal Bank Of Canada decreased their price target on shares of Ollie’s Bargain Outlet from $152.00 to $121.00 and set an “outperform” rating for the company in a research report on Thursday, July 30th. Finally, Weiss Ratings lowered shares of Ollie’s Bargain Outlet from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, July 16th. Thirteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $110.20.

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.