131,400 Shares in Ollie’s Bargain Outlet Holdings, Inc. $OLLI Bought by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. bought a new stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 131,400 shares of the company’s stock, valued at approximately $10,102,000. Polar Asset Management Partners Inc. owned about 0.22% of Ollie’s Bargain Outlet at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in OLLI. Allworth Financial LP grew its position in Ollie’s Bargain Outlet by 301.8% during the third quarter. Allworth Financial LP now owns 221 shares of the company’s stock valued at $28,000 after buying an additional 166 shares during the period. Cornerstone Planning Group LLC raised 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 period. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Ollie’s Bargain Outlet by 49.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 279 shares of the company’s stock worth $31,000 after purchasing an additional 92 shares during the period. Quarry LP purchased a new position in Ollie’s Bargain Outlet in the third quarter valued at approximately $55,000. Finally, CENTRAL TRUST Co lifted its stake in Ollie’s Bargain Outlet by 131.6% in the first 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 last quarter.

Wall Street Analysts Forecast Growth

OLLI has been the subject of a number of recent research reports. Gordon Haskett reissued an “accumulate” rating and issued a $90.00 target price (down from $100.00) on shares of Ollie’s Bargain Outlet in a research report on Thursday, June 4th. Wells Fargo & Company cut 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. Citigroup cut their price target on Ollie’s Bargain Outlet from $141.00 to $111.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. Weiss Ratings lowered Ollie’s Bargain Outlet from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, July 16th. Finally, KeyCorp lowered their price objective on Ollie’s Bargain Outlet from $140.00 to $98.00 and set an “overweight” rating on the stock in a research note on Thursday, July 16th. Thirteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $110.20.

Ollie’s Bargain Outlet Price Performance

Shares of OLLI stock opened at $74.61 on Wednesday. The stock has a market capitalization of $4.51 billion, a price-to-earnings ratio of 18.42, a PEG ratio of 1.35 and a beta of 0.46. The company’s fifty day simple moving average is $72.47 and its two-hundred day simple moving average is $86.11. 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 quarterly earnings results on Wednesday, June 3rd. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. The firm had revenue of $658.93 million during the quarter, compared to analyst estimates 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 period last year, the company earned $0.75 earnings per share. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. Equities research analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 4.44 EPS for the current year.

Ollie’s Bargain Outlet 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.