Legal & General Group Plc Sells 26,656 Shares of Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Legal & General Group Plc lessened its holdings in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 21.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 95,263 shares of the company’s stock after selling 26,656 shares during the quarter. Legal & General Group Plc’s holdings in Ollie’s Bargain Outlet were worth $10,442,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Cornerstone Planning Group LLC boosted its position in shares of Ollie’s Bargain Outlet by 218.8% during the 4th quarter. Cornerstone Planning Group LLC now owns 255 shares of the company’s stock valued at $27,000 after acquiring an additional 175 shares during the last quarter. Allworth Financial LP raised its holdings in shares of Ollie’s Bargain Outlet by 301.8% during the 3rd quarter. Allworth Financial LP now owns 221 shares of the company’s stock valued at $28,000 after buying an additional 166 shares in the last quarter. Maseco LLP purchased a new position in shares of Ollie’s Bargain Outlet during the 4th quarter valued at about $30,000. Shell Asset Management Co. purchased a new position in shares of Ollie’s Bargain Outlet during the 3rd quarter valued at about $37,000. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Ollie’s Bargain Outlet by 125.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 342 shares of the company’s stock valued at $45,000 after buying an additional 190 shares in the last quarter.

Ollie’s Bargain Outlet Price Performance

Shares of Ollie’s Bargain Outlet stock opened at $79.74 on Thursday. The business’s 50 day simple moving average is $86.76 and its two-hundred day simple moving average is $103.35. The stock has a market capitalization of $4.84 billion, a P/E ratio of 20.45, a price-to-earnings-growth ratio of 1.39 and a beta of 0.46. Ollie’s Bargain Outlet Holdings, Inc. has a one year low of $73.32 and a one year high of $141.74.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced 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. The business had revenue of $658.93 million for the quarter, compared to analysts’ expectations of $661.65 million. Ollie’s Bargain Outlet had a return on equity of 13.18% and a net margin of 9.08%.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. Sell-side analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 4.48 earnings per share for the current fiscal year.

Key Stories Impacting Ollie’s Bargain Outlet

Here are the key news stories impacting Ollie’s Bargain Outlet this week:

• Positive Sentiment: Q1 EPS came in at $0.91, ahead of the $0.87 consensus, while revenue rose 14.2% year over year to $658.9 million, showing the business is still growing despite a tough retail backdrop.
• Positive Sentiment: Management raised fiscal 2026 EPS guidance to $4.45-$4.55, reinforcing confidence in full-year earnings power and helping explain the stock’s strength.
• Positive Sentiment: The company said adjusted EPS increased 21% and net sales increased 14%, signaling healthy demand and operating leverage from the quarter.
• Neutral Sentiment: Revenue of $658.9 million was slightly below the $661.7 million estimate, so the beat was driven more by profitability than by a top-line surprise.
• Neutral Sentiment: Analyst commentary focused on store openings and growth momentum, suggesting investors are also looking for continued expansion to support the recent re-rating.
• Negative Sentiment: Despite the upbeat report, the stock remains well below its 50-day and 200-day moving averages, indicating sentiment has been weak even before this earnings-driven rebound.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. JPMorgan Chase & Co. decreased their price objective on Ollie’s Bargain Outlet from $163.00 to $152.00 and set an “overweight” rating on the stock in a report on Monday, April 13th. Citigroup decreased their price objective on 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. Piper Sandler set a $114.00 price objective on Ollie’s Bargain Outlet in a report on Wednesday. Royal Bank Of Canada decreased their price objective on Ollie’s Bargain Outlet from $153.00 to $152.00 and set an “outperform” rating on the stock in a report on Wednesday, May 27th. Finally, KeyCorp set a $140.00 price objective on Ollie’s Bargain Outlet in a report on Wednesday. Thirteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Ollie’s Bargain Outlet has a consensus rating of “Moderate Buy” and a consensus price target of $135.21.

Insider Buying and Selling

In other Ollie’s Bargain Outlet news, Chairman John W. Swygert sold 5,231 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $92.09, for a total value of $481,722.79. Following the transaction, the chairman directly owned 48,200 shares of the company’s stock, valued at $4,438,738. The trade was a 9.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 12,459 shares of company stock valued at $1,149,218. 0.75% of the stock is owned by insiders.

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.