J. Goldman & Co LP Purchases New Position in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

J. Goldman & Co LP acquired a new position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) during the 2nd quarter, Holdings Channel.com reports. The firm acquired 539,728 shares of the company’s stock, valued at approximately $41,494,000. Ollie’s Bargain Outlet accounts for 1.1% of J. Goldman & Co LP’s holdings, making the stock its 13th largest position.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. 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 in the last quarter. Allworth Financial LP grew its holdings in Ollie’s Bargain Outlet by 301.8% during the 3rd quarter. Allworth Financial LP now owns 221 shares of the company’s stock worth $28,000 after acquiring an additional 166 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings 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 acquiring an additional 92 shares in the last quarter. CENTRAL TRUST Co increased its position in Ollie’s Bargain Outlet by 131.6% during the 1st quarter. CENTRAL TRUST Co now owns 477 shares of the company’s stock valued at $44,000 after purchasing an additional 271 shares during the period. Finally, Root Financial Partners LLC raised its holdings in shares of Ollie’s Bargain Outlet by 190.5% in the 1st quarter. Root Financial Partners LLC now owns 488 shares of the company’s stock valued at $45,000 after purchasing an additional 320 shares in the last quarter.

Ollie’s Bargain Outlet Stock Down 2.3%

OLLI opened at $74.61 on Wednesday. The company has a market cap of $4.51 billion, a P/E ratio of 18.42, a price-to-earnings-growth ratio of 1.35 and a beta of 0.46. The firm’s 50-day moving average price is $72.47 and its 200-day moving average price is $86.11. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $60.29 and a 52-week high of $140.17.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its earnings results on Wednesday, June 3rd. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.04. Ollie’s Bargain Outlet had a net margin of 9.13% and a return on equity of 13.43%. The company had revenue of $658.93 million for the quarter, compared to the consensus estimate of $661.65 million. During the same quarter in the previous year, the firm earned $0.75 EPS. Ollie’s Bargain Outlet’s 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. On average, research analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 4.44 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Gordon Haskett reaffirmed an “accumulate” rating and issued a $90.00 price target (down from $100.00) on shares of Ollie’s Bargain Outlet in a research report on Thursday, June 4th. Morgan Stanley lowered their target price on Ollie’s Bargain Outlet from $120.00 to $108.00 and set an “equal weight” rating for the company in a report on Thursday, June 4th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $121.00 target price on shares of Ollie’s Bargain Outlet in a research report on Tuesday. Truist Financial decreased their price objective on Ollie’s Bargain Outlet from $112.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Finally, Weiss Ratings lowered Ollie’s Bargain Outlet from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, July 16th. Thirteen investment 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 has an average rating of “Moderate Buy” and a consensus 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.