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

Hsbc Holdings PLC lifted its position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 662.7% in the fourth quarter, Holdings Channel 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 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in OLLI. Goldman Sachs Group Inc. lifted its holdings in Ollie’s Bargain Outlet by 315.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,707,117 shares of the company’s stock valued at $187,117,000 after acquiring an additional 1,296,672 shares during the last quarter. Balyasny Asset Management L.P. acquired a new stake in Ollie’s Bargain Outlet during the third quarter worth $136,152,000. Norges Bank purchased a new stake in Ollie’s Bargain Outlet in the fourth quarter valued at $85,845,000. Invesco Ltd. raised its position in Ollie’s Bargain Outlet by 17.2% in the third quarter. Invesco Ltd. now owns 2,992,848 shares of the company’s stock valued at $384,282,000 after purchasing an additional 440,243 shares during the period. Finally, Freestone Grove Partners LP acquired a new position in shares of Ollie’s Bargain Outlet in the 4th quarter valued at $44,168,000.

Ollie’s Bargain Outlet Stock Performance

Shares of OLLI stock opened at $71.91 on Monday. Ollie’s Bargain Outlet Holdings, Inc. has a fifty-two week low of $70.85 and a fifty-two week high of $141.74. The company has a 50 day moving average price of $81.43 and a 200 day moving average price of $98.04. The stock has a market capitalization of $4.35 billion, a P/E ratio of 17.76, a price-to-earnings-growth ratio of 1.25 and a beta of 0.46.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its earnings results on Wednesday, June 3rd. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. Ollie’s Bargain Outlet had a net margin of 9.13% and a return on equity of 13.43%. The company had revenue of $658.93 million for the quarter, compared to analyst estimates of $661.65 million. During the same period in the prior year, the business earned $0.75 EPS. The firm’s quarterly revenue was up 14.2% on a year-over-year basis. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. On average, research analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 4.52 EPS for the current fiscal year.

Insider Buying and Selling at Ollie’s Bargain Outlet

In other news, Chairman John W. Swygert sold 3,330 shares of the stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $95.80, for a total value of $319,014.00. Following the sale, the chairman directly owned 48,200 shares in the company, valued at approximately $4,617,560. This trade represents a 6.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.75% of the company’s stock.

Analyst Ratings Changes

OLLI has been the subject of a number of recent analyst reports. Truist Financial set a $112.00 price objective on Ollie’s Bargain Outlet in a research report on Thursday, June 4th. Wells Fargo & Company decreased their target price on shares of Ollie’s Bargain Outlet from $130.00 to $115.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 13th. Loop Capital reiterated a “buy” rating and set a $135.00 price target on shares of Ollie’s Bargain Outlet in a research report on Thursday, June 4th. Royal Bank Of Canada reduced their price target on shares of Ollie’s Bargain Outlet from $153.00 to $152.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 27th. Finally, KeyCorp restated an “overweight” rating on shares of Ollie’s Bargain Outlet in a report on Monday, June 15th. Fourteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $125.13.

Ollie’s Bargain Outlet 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.