Norges Bank Makes New $85.85 Million Investment in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Norges Bank acquired a new position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) during the 4th quarter, HoldingsChannel reports. The institutional investor acquired 783,190 shares of the company’s stock, valued at approximately $85,845,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Future Fund LLC raised its holdings in Ollie’s Bargain Outlet by 42.9% during the 4th quarter. Future Fund LLC now owns 14,725 shares of the company’s stock worth $1,614,000 after buying an additional 4,424 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in 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 worth $31,000 after buying an additional 92 shares during the period. Intech Investment Management LLC grew its stake in Ollie’s Bargain Outlet by 136.9% during the 4th quarter. Intech Investment Management LLC now owns 12,383 shares of the company’s stock valued at $1,357,000 after acquiring an additional 7,157 shares in the last quarter. Geode Capital Management LLC grew its stake in Ollie’s Bargain Outlet by 4.9% during the 4th quarter. Geode Capital Management LLC now owns 1,217,762 shares of the company’s stock valued at $133,504,000 after acquiring an additional 56,948 shares in the last quarter. Finally, Summitry LLC grew its stake in Ollie’s Bargain Outlet by 18.8% during the 4th quarter. Summitry LLC now owns 4,221 shares of the company’s stock valued at $463,000 after acquiring an additional 668 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on OLLI. Truist Financial set a $112.00 target price on Ollie’s Bargain Outlet in a research note on Thursday. Weiss Ratings cut Ollie’s Bargain Outlet from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, April 22nd. Loop Capital reaffirmed a “buy” rating and set a $135.00 target price on shares of Ollie’s Bargain Outlet in a research note on Thursday. Gordon Haskett reaffirmed an “accumulate” rating and set a $90.00 target price (down from $100.00) on shares of Ollie’s Bargain Outlet in a research note on Thursday. Finally, Jefferies Financial Group raised Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and lifted their target price for the company from $120.00 to $130.00 in a research note on Thursday, April 2nd. Fourteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Ollie’s Bargain Outlet currently has a consensus rating of “Moderate Buy” and an average price target of $125.13.

Ollie’s Bargain Outlet Price Performance

NASDAQ:OLLI opened at $76.70 on Friday. The stock has a market cap of $4.64 billion, a PE ratio of 18.94, a price-to-earnings-growth ratio of 1.30 and a beta of 0.46. Ollie’s Bargain Outlet Holdings, Inc. has a fifty-two week low of $73.32 and a fifty-two week high of $141.74. The stock’s 50-day moving average is $86.10 and its two-hundred day moving average is $102.82.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings results on Wednesday, June 3rd. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.04. The business had revenue of $658.93 million during the quarter, compared to analyst estimates of $661.65 million. Ollie’s Bargain Outlet had a return on equity of 13.43% and a net margin of 9.13%.The firm’s revenue was up 14.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.75 EPS. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. On average, equities research analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 4.49 earnings per share for the current year.

Insider Activity

In other news, Chairman John W. Swygert sold 3,330 shares of Ollie’s Bargain Outlet stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of $95.80, for a total transaction of $319,014.00. Following the completion of the sale, the chairman directly owned 48,200 shares in the company, valued at $4,617,560. The trade was a 6.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 12,459 shares of company stock worth $1,149,218. 0.75% of the stock is owned by insiders.

Ollie’s Bargain Outlet News Roundup

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

• Positive Sentiment: Ollie’s Bargain Outlet reported Q1 EPS of $0.91, topping estimates, while revenue rose 14.2% year over year and comparable sales increased 1.7%, signaling healthy underlying demand. Article Title
• Positive Sentiment: Management raised its fiscal 2026 outlook, which reinforces confidence that the company can sustain growth and margin expansion after the latest quarter. Article Title
• Positive Sentiment: Loop Capital reaffirmed its buy rating on OLLI and set a $135 price target, suggesting meaningful upside from current levels. Article Title
• Positive Sentiment: Gordon Haskett reaffirmed an accumulate rating and still sees upside, though it trimmed its target to $90 from $100. Article Title
• Neutral Sentiment: UBS lowered its price target on OLLI to $87 from $125 and kept a neutral rating, highlighting some lingering macro caution despite the earnings beat. Article Title
• Neutral Sentiment: Recent commentary is mixed, with some articles arguing the market may be underestimating Ollie’s execution, while others compare its post-earnings reaction to peers like Five Below. Article Title

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.