Hsbc Holdings PLC Buys New Holdings in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Hsbc Holdings PLC purchased a new position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) during the second quarter, HoldingsChannel reports. The fund purchased 144,220 shares of the company’s stock, valued at approximately $10,699,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cornerstone Planning Group LLC raised its position 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 buying an additional 175 shares during the last quarter. Allworth Financial LP boosted its position 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. Northwestern Mutual Wealth Management Co. boosted its position in shares of Ollie’s Bargain Outlet by 49.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 279 shares of the company’s stock worth $31,000 after acquiring an additional 92 shares during the last quarter. CENTRAL TRUST Co grew its stake in Ollie’s Bargain Outlet by 131.6% during the first quarter. CENTRAL TRUST Co now owns 477 shares of the company’s stock valued at $44,000 after acquiring an additional 271 shares in the last quarter. Finally, Root Financial Partners LLC grew its stake in Ollie’s Bargain Outlet by 190.5% during the first quarter. Root Financial Partners LLC now owns 488 shares of the company’s stock valued at $45,000 after acquiring an additional 320 shares in the last quarter.

Ollie’s Bargain Outlet Stock Performance

OLLI stock opened at $72.42 on Friday. The firm has a fifty day moving average price of $72.20 and a 200 day moving average price of $85.51. Ollie’s Bargain Outlet Holdings, Inc. has a fifty-two week low of $60.29 and a fifty-two week high of $139.21. The firm has a market cap of $4.38 billion, a PE ratio of 17.88, a price-to-earnings-growth ratio of 1.26 and a beta of 0.46.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings results on Wednesday, June 3rd. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. The company had revenue of $658.93 million for the quarter, compared to the consensus estimate of $661.65 million. Ollie’s Bargain Outlet had a net margin of 9.13% and a return on equity of 13.43%. Ollie’s Bargain Outlet’s revenue was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.75 earnings per share. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. On average, equities analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 4.44 EPS for the current year.

Wall Street Analyst Weigh In

OLLI has been the topic of a number of research reports. UBS Group reduced their price target on shares of Ollie’s Bargain Outlet from $87.00 to $85.00 and set a “neutral” rating on the stock in a report on Thursday. Wells Fargo & Company dropped their price objective on shares of Ollie’s Bargain Outlet from $115.00 to $100.00 and set an “overweight” rating for the company in a report on Monday, August 17th. The Goldman Sachs Group cut their price objective on Ollie’s Bargain Outlet from $129.00 to $112.00 and set a “buy” rating for the company in a research report on Monday, June 29th. Loop Capital reaffirmed a “buy” rating and issued a $135.00 target price on shares of Ollie’s Bargain Outlet in a report on Thursday, June 4th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $121.00 target price on shares of Ollie’s Bargain Outlet in a research report on Tuesday. Thirteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Ollie’s Bargain Outlet has a consensus rating of “Moderate Buy” and an average price target of $107.29.

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.