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

Hsbc Holdings PLC trimmed its holdings in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 51.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,610 shares of the company’s stock after selling 13,543 shares during the period. Hsbc Holdings PLC’s holdings in Ollie’s Bargain Outlet were worth $1,165,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in OLLI. Wasatch Advisors LP raised its holdings in shares of Ollie’s Bargain Outlet by 1.2% during the second quarter. Wasatch Advisors LP now owns 4,062,147 shares of the company’s stock worth $535,310,000 after purchasing an additional 49,603 shares during the last quarter. Invesco Ltd. grew its position in Ollie’s Bargain Outlet by 17.2% during the 3rd quarter. Invesco Ltd. now owns 2,992,848 shares of the company’s stock worth $384,282,000 after purchasing an additional 440,243 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Ollie’s Bargain Outlet by 315.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,707,117 shares of the company’s stock valued at $187,117,000 after buying an additional 1,296,672 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Ollie’s Bargain Outlet by 4.9% in the 4th quarter. Geode Capital Management LLC now owns 1,217,762 shares of the company’s stock valued at $133,504,000 after buying an additional 56,948 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Ollie’s Bargain Outlet by 3.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,199,525 shares of the company’s stock valued at $131,478,000 after buying an additional 34,702 shares during the period.

Ollie’s Bargain Outlet Trading Up 3.3%

Shares of OLLI opened at $68.97 on Wednesday. The firm has a market cap of $4.17 billion, a P/E ratio of 17.03, a PEG ratio of 1.18 and a beta of 0.47. Ollie’s Bargain Outlet Holdings, Inc. has a 12 month low of $60.29 and a 12 month high of $141.74. The stock’s 50 day moving average is $74.11 and its two-hundred day moving average is $91.30.

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 firm had revenue of $658.93 million for the quarter, compared to analysts’ expectations of $661.65 million. Ollie’s Bargain Outlet had a net margin of 9.13% and a return on equity of 13.43%. The firm’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.75 EPS. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. Equities research analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 4.45 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on OLLI shares. JPMorgan Chase & Co. restated a “neutral” rating and issued a $70.00 target price (down from $152.00) on shares of Ollie’s Bargain Outlet in a research note on Wednesday, July 8th. Piper Sandler set a $114.00 price objective on Ollie’s Bargain Outlet in a research report on Wednesday, June 3rd. KeyCorp dropped their price objective on shares of Ollie’s Bargain Outlet from $140.00 to $98.00 and set an “overweight” rating on the stock in a research note on Thursday, July 16th. Wells Fargo & Company cut their target price on shares of Ollie’s Bargain Outlet from $130.00 to $115.00 and set an “overweight” rating for the company in a report on Wednesday, May 13th. Finally, Royal Bank Of Canada decreased their target price on shares of Ollie’s Bargain Outlet from $153.00 to $152.00 and set an “outperform” rating for the company in a research note on Wednesday, May 27th. Thirteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Ollie’s Bargain Outlet presently has a consensus rating of “Moderate Buy” and an average target price of $113.13.

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.