First National Bank of Omaha Makes New Investment in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

First National Bank of Omaha acquired a new stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) in the second quarter, HoldingsChannel.com reports. The firm acquired 25,829 shares of the company’s stock, valued at approximately $1,986,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Cornerstone Planning Group LLC grew its holdings in shares of Ollie’s Bargain Outlet by 218.8% in the 4th quarter. Cornerstone Planning Group LLC now owns 255 shares of the company’s stock worth $27,000 after purchasing an additional 175 shares during the last quarter. Allworth Financial LP lifted 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 valued at $28,000 after purchasing an additional 166 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Ollie’s Bargain Outlet by 49.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 279 shares of the company’s stock valued at $31,000 after buying an additional 92 shares in the last quarter. CENTRAL TRUST Co grew its stake in Ollie’s Bargain Outlet by 131.6% during the first quarter. CENTRAL TRUST Co now owns 477 shares of the company’s stock worth $44,000 after buying an additional 271 shares during the last quarter. Finally, Root Financial Partners LLC grew its stake 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 during the last quarter.

Analyst Ratings Changes

A number of research analysts have recently issued reports on OLLI shares. Morgan Stanley cut their target price on shares of Ollie’s Bargain Outlet from $120.00 to $108.00 and set an “equal weight” rating for the company in a research note on Thursday, June 4th. Weiss Ratings lowered Ollie’s Bargain Outlet from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, July 16th. Citigroup dropped their price target on Ollie’s Bargain Outlet from $141.00 to $111.00 and set a “buy” rating for the company in a report on Tuesday, May 12th. Gordon Haskett reiterated an “accumulate” rating and issued a $90.00 price objective (down from $100.00) on shares of Ollie’s Bargain Outlet in a research report on Thursday, June 4th. Finally, Piper Sandler reduced their price objective on Ollie’s Bargain Outlet from $114.00 to $113.00 and set an “overweight” rating on the stock in a research note on Tuesday. Thirteen research 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, Ollie’s Bargain Outlet currently has an average rating of “Moderate Buy” and an average target price of $110.20.

Ollie’s Bargain Outlet Stock Up 4.2%

Shares of OLLI opened at $79.39 on Thursday. The firm has a market capitalization of $4.80 billion, a PE ratio of 19.60, a price-to-earnings-growth ratio of 1.35 and a beta of 0.46. Ollie’s Bargain Outlet Holdings, Inc. has a 12-month low of $60.29 and a 12-month high of $140.17. The stock’s fifty day simple moving average is $73.11 and its 200-day simple moving average is $87.07.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings results on Wednesday, June 3rd. The company reported $0.91 EPS 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 during the quarter, compared to analysts’ expectations of $661.65 million. During the same quarter in the previous year, the company earned $0.75 EPS. Ollie’s Bargain Outlet’s 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. Analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 4.45 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.