VELA Investment Management LLC Buys New Holdings in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

VELA Investment Management LLC purchased a new position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 24,136 shares of the company’s stock, valued at approximately $1,856,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in OLLI. Corient Private Wealth LP raised its position in shares of Ollie’s Bargain Outlet by 59.3% during the second quarter. Corient Private Wealth LP now owns 6,724 shares of the company’s stock valued at $517,000 after buying an additional 2,502 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Ollie’s Bargain Outlet during the second quarter worth $308,000. California State Teachers Retirement System grew its stake in Ollie’s Bargain Outlet by 7,370.7% during the second quarter. California State Teachers Retirement System now owns 5,491,385 shares of the company’s stock valued at $422,178,000 after acquiring an additional 5,417,879 shares in the last quarter. AlphaGrep UK Ltd bought a new stake in Ollie’s Bargain Outlet in the 2nd quarter valued at $393,000. Finally, Nykredit A S bought a new stake in Ollie’s Bargain Outlet in the 2nd quarter valued at $167,000.

Wall Street Analysts Forecast Growth

Several research firms have commented on OLLI. The Goldman Sachs Group dropped their price objective on shares of Ollie’s Bargain Outlet from $112.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, September 3rd. Loop Capital reiterated a “buy” rating and issued a $135.00 target price on shares of Ollie’s Bargain Outlet in a research report on Thursday, June 4th. UBS Group dropped their price target on Ollie’s Bargain Outlet from $87.00 to $85.00 and set a “neutral” rating for the company in a research note on Thursday, August 27th. Craig Hallum reaffirmed a “buy” rating and issued a $120.00 price objective on shares of Ollie’s Bargain Outlet in a research note on Thursday. Finally, 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 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 data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $102.43.

Ollie’s Bargain Outlet Price Performance

Shares of OLLI stock opened at $76.57 on Tuesday. The company has a market cap of $4.55 billion, a PE ratio of 17.09, a price-to-earnings-growth 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 stock’s 50 day simple moving average is $72.45 and its two-hundred day simple moving average is $83.68.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its earnings results on Wednesday, September 2nd. The company reported $1.42 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $741.31 million for the quarter, compared to the consensus estimate of $747.71 million. During the same quarter in the previous year, the company posted $0.99 EPS. The company’s revenue for the quarter 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. Equities research analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 4.61 EPS for the current 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.