Two Sigma Securities LLC Invests $1.04 Million in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Two Sigma Securities LLC acquired a new stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 13,566 shares of the company’s stock, valued at approximately $1,043,000.

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

Ollie’s Bargain Outlet Price Performance

Shares of NASDAQ OLLI opened at $75.42 on Tuesday. The firm has a market capitalization of $4.56 billion, a PE ratio of 18.62, a P/E/G ratio of 1.28 and a beta of 0.46. The business’s fifty day moving average price is $72.24 and its two-hundred day moving average price is $85.05. Ollie’s Bargain Outlet Holdings, Inc. has a 1-year low of $60.29 and a 1-year high of $139.21.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced 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 return on equity of 13.43% and a net margin of 9.13%.The company had revenue of $658.93 million during the quarter, compared to analyst estimates of $661.65 million. During the same quarter in the previous year, the firm posted $0.75 EPS. 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 research analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 4.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on OLLI shares. Morgan Stanley cut 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 research report on Thursday, June 4th. The Goldman Sachs Group decreased their price objective on shares of Ollie’s Bargain Outlet from $129.00 to $112.00 and set a “buy” rating for the company in a report on Monday, June 29th. Piper Sandler cut their target price on shares of Ollie’s Bargain Outlet from $114.00 to $113.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 18th. Wells Fargo & Company decreased their price target on Ollie’s Bargain Outlet from $115.00 to $100.00 and set an “overweight” rating for the company in a research note on Monday, August 17th. Finally, JPMorgan Chase & Co. upped their price objective on Ollie’s Bargain Outlet from $70.00 to $73.00 and gave the company a “neutral” rating in a research note on Tuesday, August 18th. Thirteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $107.29.

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.