Ollie's Bargain Outlet celebrates its 10th Nasdaq anniversary and 600th store opening, expanding into its 34th state.
Quiver AI Summary
Ollie’s Bargain Outlet Holdings, Inc. celebrated its 10th anniversary on the Nasdaq Stock Market by ringing the opening bell, marking a significant milestone alongside the grand opening of its 600th store and expansion into its 34th state. CEO Eric van der Valk, alongside the Executive Leadership Team, noted the excitement of these achievements and expressed gratitude to all team members who contributed to the company's success. He emphasized Ollie’s commitment to selling quality products at discounted prices and highlighted the potential for growth in a market filled with opportunities. The ceremony took place at Nasdaq MarketSite in New York City, and the company continues to thrive as a leading off-price retailer.
Potential Positives
- Ollie's Bargain Outlet celebrated its 10th anniversary on the Nasdaq Stock Exchange, highlighting its longevity and stability as a publicly traded company.
- The opening of its 600th store marks a significant milestone in the company's growth and expansion efforts.
- The expansion into its 34th state indicates a successful geographic growth strategy and a strong market presence.
- The event showcased the leadership team's commitment to transparency and high standards as a publicly traded company, which can enhance investor confidence.
Potential Negatives
- While celebrating the opening of its 600th store, the press release does not provide specific financial data or projections related to this new store, which may raise questions about the company's current financial health and future performance.
- The mention of "tremendous white space opportunity" and "abandoned customers, product, and real estate" could suggest challenges in customer retention or product utilization that the company may be facing in the current retail environment.
- Although the press release highlights growth milestones, it lacks details on how the company plans to address potential economic uncertainties or competitive pressures in the expanding retail market.
FAQ
What occasion did Ollie's celebrate at the Nasdaq?
Ollie's celebrated the 10th anniversary of its Nasdaq listing, the opening of its 600th store, and expansion into its 34th state.
Who represented Ollie's during the Nasdaq bell ringing?
Eric van der Valk, the President and CEO, represented Ollie's alongside other executive team members.
When will the 600th Ollie's store open?
The 600th Ollie's store is planned to open in Belmont, NH, later this week.
What is the mission of Ollie's Bargain Outlet?
Ollie's mission is to sell Good Stuff Cheap® while offering real brands at significant discounts.
How can investors and media contact Ollie's?
Investors can contact John Rouleau, and media inquiries can be directed to Tom Kuypers for more information.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$OLLI Insider Trading Activity
$OLLI insiders have traded $OLLI stock on the open market 21 times in the past 6 months. Of those trades, 0 have been purchases and 21 have been sales.
Here’s a breakdown of recent trading of $OLLI stock by insiders over the last 6 months:
- JOHN W SWYGERT (Executive Chairman) has made 0 purchases and 4 sales selling 15,089 shares for an estimated $1,674,369.
- KEVIN MCLAIN (SVP, Merchandising) has made 0 purchases and 2 sales selling 12,621 shares for an estimated $1,427,194.
- JAMES J COMITALE (SVP, General Counsel) has made 0 purchases and 4 sales selling 7,202 shares for an estimated $813,041.
- ROBERT FISCH sold 6,250 shares for an estimated $675,500
- ROBERT F HELM (EVP/CFO) has made 0 purchases and 5 sales selling 4,596 shares for an estimated $513,737.
- DER VALK ERIC VAN (President and CEO) has made 0 purchases and 5 sales selling 2,646 shares for an estimated $295,365.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$OLLI Hedge Fund Activity
We have seen 212 institutional investors add shares of $OLLI stock to their portfolio, and 241 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CITADEL ADVISORS LLC added 1,315,424 shares (+324.6%) to their portfolio in Q1 2025, for an estimated $153,062,736
- JUNTO CAPITAL MANAGEMENT LP removed 740,089 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $86,116,756
- CAPITAL RESEARCH GLOBAL INVESTORS removed 660,906 shares (-26.5%) from their portfolio in Q1 2025, for an estimated $76,903,022
- BALYASNY ASSET MANAGEMENT L.P. added 655,663 shares (+inf%) to their portfolio in Q1 2025, for an estimated $76,292,946
- WELLINGTON MANAGEMENT GROUP LLP added 615,257 shares (+268.0%) to their portfolio in Q1 2025, for an estimated $71,591,304
- AMERIPRISE FINANCIAL INC added 468,944 shares (+130.3%) to their portfolio in Q1 2025, for an estimated $54,566,323
- INTERVAL PARTNERS, LP added 359,197 shares (+inf%) to their portfolio in Q1 2025, for an estimated $41,796,162
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$OLLI Analyst Ratings
Wall Street analysts have issued reports on $OLLI in the last several months. We have seen 5 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Keybanc issued a "Overweight" rating on 06/26/2025
- Piper Sandler issued a "Overweight" rating on 06/04/2025
- Truist Securities issued a "Buy" rating on 06/04/2025
- RBC Capital issued a "Outperform" rating on 06/04/2025
- JP Morgan issued a "Overweight" rating on 05/19/2025
To track analyst ratings and price targets for $OLLI, check out Quiver Quantitative's $OLLI forecast page.
$OLLI Price Targets
Multiple analysts have issued price targets for $OLLI recently. We have seen 9 analysts offer price targets for $OLLI in the last 6 months, with a median target of $128.0.
Here are some recent targets:
- Bradley Thomas from Keybanc set a target price of $145.0 on 06/26/2025
- Anthony Chukumba from Loop Capital set a target price of $130.0 on 06/24/2025
- Peter Keith from Piper Sandler set a target price of $123.0 on 06/04/2025
- Scot Ciccarelli from Truist Securities set a target price of $128.0 on 06/04/2025
- Steven Shemesh from RBC Capital set a target price of $133.0 on 06/04/2025
- Matthew Boss from JP Morgan set a target price of $137.0 on 05/19/2025
- Mark Carden from UBS set a target price of $123.0 on 03/20/2025
Full Release
HARRISBURG, Pa., July 15, 2025 (GLOBE NEWSWIRE) -- Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) (the “Company”) today rang the Nasdaq Stock Market opening bell to celebrate the 10 th anniversary of the Company’s listing on the exchange, the planned Grand Opening of its 600 th store, and expansion into its 34 th state. President and Chief Executive Officer, Eric van der Valk, and other members of the Executive Leadership Team were joined on the podium to commemorate the occasion at the Nasdaq MarketSite in New York City’s Times Square.
Source: Nasdaq, Vanja Savic
“This is a very exciting moment for Ollie’s. Today marks the 10 th anniversary of our Company’s initial public offering on the Nasdaq Stock Exchange and, later this week, we will Grand Open our 600 th store in Belmont, NH, expanding into our 34 th state,” said Eric van der Valk. “Ollie’s is a special company, that was founded, built, and is operated by bargainauts, who are passionate about finding amazing deals and selling Good Stuff Cheap. I would like to thank all our team members, past and present, who have contributed to our growth and success. While we celebrate our 600 th store milestone, we are focused on the tremendous white space opportunity ahead as we accelerate growth at a time when there are so many abandoned customers, product, and real estate in the marketplace.”
Mr. van der Valk continued, “It was an honor to represent the Ollie’s team and ring the Nasdaq opening bell earlier today in celebration of our 10 th anniversary as a public company and the opening of our 600 th store. We take a lot of pride in the way we operate our business. We value being a publicly traded company as it holds us to a high standard, provides financial transparency, and increases our visibility with valued business and merchandise partners.”
The Nasdaq Opening Bell ringing ceremony took place today at 9:30 a.m. Eastern Time at the Nasdaq MarketSite. A video of the ceremony can be viewed at https://www.nasdaq.com/marketsite/bell-ringing-ceremony .
About Ollie’s
Ollie’s is a leading off-price retailer of brand name household products. Since our founding in 1982, our mission has been to sell Good Stuff Cheap®. We do this through a flexible buying model that focuses on closeout merchandise and excess inventory from suppliers and manufacturers around the world. Our stores offer Real Brands! Real Bargains! ® in a treasure hunt environment at prices up to 70% below traditional retailers. As of May 3, 2025, we operated 584 stores in 32 states and growing! For more information, visit
www.ollies.com
.
Investor Contact
John Rouleau
Managing Director of Corporate Communication & Business Development
[email protected]
Media Contact
Tom Kuypers
Senior Vice President – Marketing & Advertising
717-657-2300
[email protected]
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/76ee2a8d-0ad5-4d8d-afdd-7f2081d1ac59
