Ollie’s Bargain Outlet Holdings, Inc. $OLLI Stock Holdings Lifted by Fifth Third Bancorp

Fifth Third Bancorp increased its holdings in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 2,535.8% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 26,068 shares of the company’s stock after purchasing an additional 25,079 shares during the quarter. Fifth Third Bancorp’s holdings in Ollie’s Bargain Outlet were worth $2,399,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of OLLI. Thrivent Financial for Lutherans grew its stake in Ollie’s Bargain Outlet by 0.6% during the 2nd quarter. Thrivent Financial for Lutherans now owns 14,458 shares of the company’s stock valued at $1,905,000 after acquiring an additional 91 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of 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 worth $31,000 after purchasing an additional 92 shares in the last quarter. Dana Investment Advisors Inc. lifted its position in shares of Ollie’s Bargain Outlet by 2.5% in the fourth quarter. Dana Investment Advisors Inc. now owns 5,649 shares of the company’s stock worth $619,000 after purchasing an additional 137 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in shares of Ollie’s Bargain Outlet by 5.8% during the second quarter. Lazard Asset Management LLC now owns 2,508 shares of the company’s stock worth $330,000 after purchasing an additional 138 shares during the period. Finally, Madison Asset Management LLC boosted its holdings in shares of Ollie’s Bargain Outlet by 0.6% during the fourth quarter. Madison Asset Management LLC now owns 23,222 shares of the company’s stock worth $2,545,000 after purchasing an additional 149 shares during the period.

Ollie’s Bargain Outlet Stock Performance

Ollie’s Bargain Outlet stock opened at $66.00 on Wednesday. Ollie’s Bargain Outlet Holdings, Inc. has a 52 week low of $60.29 and a 52 week high of $141.74. The firm has a market capitalization of $3.99 billion, a PE ratio of 16.30, a PEG ratio of 1.19 and a beta of 0.47. The business’s 50-day simple moving average is $75.28 and its 200-day simple moving average is $92.94.

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 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 period in the previous year, the company earned $0.75 earnings per share. The company’s quarterly 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. Research analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 4.45 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Morgan Stanley dropped their price objective on shares of Ollie’s Bargain Outlet from $120.00 to $108.00 and set an “equal weight” rating on the stock in a research note on Thursday, June 4th. Piper Sandler set a $114.00 target price on shares of Ollie’s Bargain Outlet in a research note on Wednesday, June 3rd. UBS Group set a $80.00 price target on shares of Ollie’s Bargain Outlet in a report on Thursday, July 9th. Wells Fargo & Company dropped their price target on shares of Ollie’s Bargain Outlet from $130.00 to $115.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 13th. Finally, Royal Bank Of Canada cut their price objective on Ollie’s Bargain Outlet from $153.00 to $152.00 and set an “outperform” rating for the company in a report on Wednesday, May 27th. Thirteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $113.13.

Ollie’s Bargain Outlet Company 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.