Grandeur Peak Global Advisors LLC Makes New $14.57 Million Investment in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Grandeur Peak Global Advisors LLC acquired a new stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 189,463 shares of the company’s stock, valued at approximately $14,566,000. Ollie’s Bargain Outlet makes up about 2.9% of Grandeur Peak Global Advisors LLC’s portfolio, making the stock its 10th biggest holding.

Several other hedge funds also recently made changes to their positions in the business. Cornerstone Planning Group LLC raised its position in Ollie’s Bargain Outlet by 218.8% during the fourth quarter. Cornerstone Planning Group LLC now owns 255 shares of the company’s stock worth $27,000 after acquiring an additional 175 shares in the last quarter. Allworth Financial LP grew its position in shares of 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 purchasing an additional 166 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in 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. CENTRAL TRUST Co raised its stake in Ollie’s Bargain Outlet by 131.6% in the 1st quarter. CENTRAL TRUST Co now owns 477 shares of the company’s stock worth $44,000 after purchasing an additional 271 shares in the last quarter. Finally, Root Financial Partners LLC grew its position in Ollie’s Bargain Outlet by 190.5% during the first quarter. Root Financial Partners LLC now owns 488 shares of the company’s stock worth $45,000 after buying an additional 320 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on OLLI shares. Truist Financial reduced their target price on Ollie’s Bargain Outlet from $112.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. UBS Group decreased their price objective on Ollie’s Bargain Outlet from $87.00 to $85.00 and set a “neutral” rating for the company in a report on Thursday. Loop Capital reissued a “buy” rating and issued a $135.00 price target on shares of Ollie’s Bargain Outlet in a research note on Thursday, June 4th. Morgan Stanley dropped 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. Finally, KeyCorp cut their target price on Ollie’s Bargain Outlet from $140.00 to $98.00 and set an “overweight” rating on the stock in a research report on Thursday, July 16th. Thirteen 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, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $109.80.

Ollie’s Bargain Outlet Price Performance

NASDAQ:OLLI opened at $71.51 on Friday. The company has a market capitalization of $4.32 billion, a price-to-earnings ratio of 17.66, a PEG ratio of 1.31 and a beta of 0.46. The business has a 50 day moving average of $72.29 and a 200 day moving average of $85.60. Ollie’s Bargain Outlet Holdings, Inc. has a 1-year low of $60.29 and a 1-year high of $140.17.

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

Ollie’s Bargain Outlet Company 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.