NewEdge Wealth LLC Invests $1.77 Million in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

NewEdge Wealth LLC acquired a new position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 23,020 shares of the company’s stock, valued at approximately $1,770,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Allworth Financial LP lifted its stake in Ollie’s Bargain Outlet by 301.8% in the third quarter. Allworth Financial LP now owns 221 shares of the company’s stock valued at $28,000 after buying an additional 166 shares during the period. Cornerstone Planning Group LLC grew its position in shares of Ollie’s Bargain Outlet by 218.8% during the 4th quarter. Cornerstone Planning Group LLC now owns 255 shares of the company’s stock worth $27,000 after buying an additional 175 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in shares of Ollie’s Bargain Outlet by 49.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 279 shares of the company’s stock worth $31,000 after buying an additional 92 shares during the period. Quarry LP bought a new stake in shares of Ollie’s Bargain Outlet in the 3rd quarter valued at about $55,000. Finally, CENTRAL TRUST Co increased its stake in shares of Ollie’s Bargain Outlet by 131.6% in the 1st quarter. CENTRAL TRUST Co now owns 477 shares of the company’s stock valued at $44,000 after acquiring an additional 271 shares during the last quarter.

Ollie’s Bargain Outlet Price Performance

NASDAQ OLLI opened at $74.75 on Friday. Ollie’s Bargain Outlet Holdings, Inc. has a one year low of $60.29 and a one year high of $140.17. The firm has a market cap of $4.52 billion, a P/E ratio of 18.46, a P/E/G ratio of 1.40 and a beta of 0.46. The stock’s 50-day moving average is $72.93 and its 200-day moving average is $86.82.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings data on Wednesday, June 3rd. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.04. Ollie’s Bargain Outlet had a return on equity of 13.43% and a net margin of 9.13%.The business had revenue of $658.93 million during the quarter, compared to analyst estimates of $661.65 million. During the same period in the previous year, the firm earned $0.75 EPS. Ollie’s Bargain Outlet’s quarterly revenue was up 14.2% compared to the same quarter last year. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. Equities analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 4.44 EPS for the current year.

Analysts Set New Price Targets

OLLI has been the topic of a number of analyst reports. Morgan Stanley cut their price target on shares of Ollie’s Bargain Outlet from $120.00 to $108.00 and set an “equal weight” rating on the stock in a research report on Thursday, June 4th. Royal Bank Of Canada lowered their target price on shares of Ollie’s Bargain Outlet from $152.00 to $121.00 and set an “outperform” rating for the company in a research note on Thursday, July 30th. The Goldman Sachs Group cut their target price on shares of Ollie’s Bargain Outlet from $129.00 to $112.00 and set a “buy” rating on the stock in a report on Monday, June 29th. Weiss Ratings cut shares of Ollie’s Bargain Outlet from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, July 16th. Finally, Wells Fargo & Company decreased their price target on shares of Ollie’s Bargain Outlet from $115.00 to $100.00 and set an “overweight” rating for the company in a report on Monday. Thirteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $110.20.

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.