Ollie’s Bargain Outlet Holdings, Inc. $OLLI Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC raised its holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 662.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 26,153 shares of the company’s stock after acquiring an additional 22,724 shares during the quarter. Hsbc Holdings PLC’s holdings in Ollie’s Bargain Outlet were worth $2,894,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Allworth Financial LP grew its stake in shares of Ollie’s Bargain Outlet by 301.8% during the third quarter. Allworth Financial LP now owns 221 shares of the company’s stock worth $28,000 after acquiring an additional 166 shares during the last quarter. Cornerstone Planning Group LLC increased its holdings in shares of Ollie’s Bargain Outlet by 218.8% during the fourth quarter. Cornerstone Planning Group LLC now owns 255 shares of the company’s stock valued at $27,000 after acquiring an additional 175 shares in the last quarter. Maseco LLP purchased a new position in shares of Ollie’s Bargain Outlet in the 4th quarter valued at approximately $30,000. Northwestern Mutual Wealth Management Co. raised its position 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 valued at $31,000 after purchasing an additional 92 shares during the last quarter. Finally, Quarry LP acquired a new stake in Ollie’s Bargain Outlet in the 3rd quarter worth approximately $55,000.

Ollie’s Bargain Outlet Stock Performance

NASDAQ:OLLI opened at $64.90 on Friday. The firm’s fifty day moving average is $77.34 and its two-hundred day moving average is $95.23. The firm has a market cap of $3.92 billion, a price-to-earnings ratio of 16.02, a PEG ratio of 1.11 and a beta of 0.47. Ollie’s Bargain Outlet Holdings, Inc. has a one year low of $60.29 and a one year high of $141.74.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its 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 firm had revenue of $658.93 million during the quarter, compared to analyst estimates 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 quarterly revenue was up 14.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.75 EPS. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. As a group, equities research analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 4.49 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. The Goldman Sachs Group decreased their price target on shares of Ollie’s Bargain Outlet from $129.00 to $112.00 and set a “buy” rating for the company in a report on Monday, June 29th. Citigroup dropped their price objective on shares of Ollie’s Bargain Outlet from $141.00 to $111.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Loop Capital reissued a “buy” rating and issued a $135.00 target price on shares of Ollie’s Bargain Outlet in a research report on Thursday, June 4th. UBS Group set a $80.00 target price on Ollie’s Bargain Outlet in a research note on Thursday. Finally, Royal Bank Of Canada lowered their price target on Ollie’s Bargain Outlet from $153.00 to $152.00 and set an “outperform” rating for the company in a research report on Wednesday, May 27th. Thirteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Ollie’s Bargain Outlet presently has a consensus rating of “Moderate Buy” and an average target price of $115.93.

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.