Emerald Mutual Fund Advisers Trust Raises Position in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Emerald Mutual Fund Advisers Trust raised its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 6.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 197,473 shares of the company’s stock after buying an additional 11,850 shares during the period. Emerald Mutual Fund Advisers Trust owned about 0.32% of Ollie’s Bargain Outlet worth $18,175,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Allworth Financial LP lifted 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 acquiring an additional 166 shares in the last quarter. Cornerstone Planning Group LLC raised its stake in Ollie’s Bargain Outlet by 218.8% in the 4th quarter. Cornerstone Planning Group LLC now owns 255 shares of the company’s stock valued at $27,000 after purchasing an additional 175 shares during the last quarter. Maseco LLP acquired a new position in Ollie’s Bargain Outlet in the 4th quarter valued at $30,000. Northwestern Mutual Wealth Management Co. lifted its holdings in 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 valued at $31,000 after purchasing an additional 92 shares in the last quarter. Finally, Quarry LP acquired a new stake in Ollie’s Bargain Outlet during the 3rd quarter worth $55,000.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. KeyCorp reiterated an “overweight” rating on shares of Ollie’s Bargain Outlet in a research report on Monday, June 15th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $70.00 price objective (down from $152.00) on shares of Ollie’s Bargain Outlet in a research note on Wednesday, July 8th. Jefferies Financial Group upgraded shares of Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and increased their price objective for the company from $120.00 to $130.00 in a report on Thursday, April 2nd. Gordon Haskett restated an “accumulate” rating and set a $90.00 target price (down from $100.00) on shares of Ollie’s Bargain Outlet in a report on Thursday, June 4th. Finally, Piper Sandler set a $114.00 price target on Ollie’s Bargain Outlet in a report on Wednesday, June 3rd. Thirteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Ollie’s Bargain Outlet currently has an average rating of “Moderate Buy” and a consensus price target of $115.93.

Ollie’s Bargain Outlet Price Performance

Shares of OLLI stock opened at $65.33 on Tuesday. The company has a market capitalization of $3.95 billion, a PE ratio of 16.13, a price-to-earnings-growth ratio of 1.15 and a beta of 0.47. The firm’s 50-day moving average is $76.92 and its two-hundred day moving average is $94.82. Ollie’s Bargain Outlet Holdings, Inc. has a 12 month low of $60.29 and a 12 month high of $141.74.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings results on Wednesday, June 3rd. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.04. The business had revenue of $658.93 million during the quarter, compared to analysts’ expectations of $661.65 million. Ollie’s Bargain Outlet had a net margin of 9.13% and a return on equity of 13.43%. 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 company posted $0.75 EPS. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. Sell-side analysts forecast 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.