Hsbc Holdings PLC Boosts Stake in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Hsbc Holdings PLC increased its stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 1,043.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 144,220 shares of the company’s stock after purchasing an additional 131,610 shares during the quarter. Hsbc Holdings PLC owned approximately 0.24% of Ollie’s Bargain Outlet worth $10,699,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of OLLI. Allworth Financial LP increased its position in Ollie’s Bargain Outlet by 301.8% in the third quarter. Allworth Financial LP now owns 221 shares of the company’s stock worth $28,000 after buying an additional 166 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Ollie’s Bargain Outlet by 49.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 279 shares of the company’s stock valued at $31,000 after buying an additional 92 shares in the last quarter. Quarry LP purchased a new position in shares of Ollie’s Bargain Outlet during the 3rd quarter valued at about $55,000. CENTRAL TRUST Co grew its stake in shares of Ollie’s Bargain Outlet by 131.6% during the 1st quarter. CENTRAL TRUST Co now owns 477 shares of the company’s stock valued at $44,000 after acquiring an additional 271 shares during the period. Finally, Johnson Financial Group Inc. bought a new position in shares of Ollie’s Bargain Outlet during the 3rd quarter valued at approximately $62,000.

Ollie’s Bargain Outlet Price Performance

NASDAQ OLLI opened at $72.38 on Thursday. The business has a 50 day simple moving average of $72.39 and a two-hundred day simple moving average of $83.18. Ollie’s Bargain Outlet Holdings, Inc. has a 1-year low of $60.29 and a 1-year high of $139.21. The stock has a market capitalization of $4.30 billion, a PE ratio of 16.16, a P/E/G ratio of 1.27 and a beta of 0.50.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings data on Wednesday, September 2nd. The company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.12 by $0.30. Ollie’s Bargain Outlet had a net margin of 9.79% and a return on equity of 14.54%. The business had revenue of $741.31 million during the quarter, compared to analyst estimates of $747.71 million. During the same quarter last year, the business earned $0.99 earnings per share. Ollie’s Bargain Outlet’s quarterly revenue was up 9.1% compared to the same quarter last year. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.570-4.650 EPS. On average, analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 4.61 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Weiss Ratings cut shares of Ollie’s Bargain Outlet from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, July 16th. Truist Financial lifted their target price on shares of Ollie’s Bargain Outlet from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, September 3rd. Craig Hallum reaffirmed a “buy” rating and issued a $120.00 target price on shares of Ollie’s Bargain Outlet in a report on Thursday, September 3rd. Morgan Stanley cut their price target on Ollie’s Bargain Outlet from $108.00 to $98.00 and set an “equal weight” rating for the company in a research note on Thursday, September 3rd. Finally, Piper Sandler set a $98.00 price target on Ollie’s Bargain Outlet in a report on Thursday, September 3rd. Thirteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Ollie’s Bargain Outlet presently has a consensus rating of “Moderate Buy” and a consensus target price of $102.43.

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.