Hsbc Holdings PLC Buys Shares of 144,220 Ollie's Bargain Outlet Holdings, Inc. $OLLI

Key Points

• Hsbc Holdings PLC acquired 144,220 shares of Ollie’s Bargain Outlet during the second quarter, valued at approximately $10.7 million and representing about 0.24% of the company.
• Ollie’s reported quarterly EPS of $0.91, exceeding estimates of $0.87, while revenue rose 14.2% year over year to $658.93 million. The company guided to fiscal 2026 EPS of $4.45–$4.55.
• Analysts remain broadly positive, with 13 Buy ratings and four Holds and a consensus target price of $107.29, despite several firms recently lowering their price targets; the stock recently traded near $72.42.

Hsbc Holdings PLC bought a new position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 144,220 shares of the company's stock, valued at approximately $10,699,000. Hsbc Holdings PLC owned about 0.24% of Ollie's Bargain Outlet as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the company. Cornerstone Planning Group LLC boosted its holdings in shares of Ollie's Bargain Outlet by 218.8% in the fourth quarter. Cornerstone Planning Group LLC now owns 255 shares of the company's stock worth $27,000 after buying an additional 175 shares during the last quarter. Allworth Financial LP grew its position in Ollie's Bargain Outlet by 301.8% during the third quarter. Allworth Financial LP now owns 221 shares of the company's stock valued at $28,000 after buying an additional 166 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in 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 valued at $31,000 after buying an additional 92 shares during the last quarter. CENTRAL TRUST Co increased its holdings 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 buying an additional 271 shares during the last quarter. Finally, Root Financial Partners LLC raised its position in Ollie's Bargain Outlet by 190.5% in the first quarter. Root Financial Partners LLC now owns 488 shares of the company's stock worth $45,000 after acquiring an additional 320 shares during the period.

Ollie's Bargain Outlet Price Performance

Shares of NASDAQ:OLLI opened at $72.42 on Friday. The company has a market capitalization of $4.38 billion, a P/E ratio of 17.88, a P/E/G ratio of 1.26 and a beta of 0.46. Ollie's Bargain Outlet Holdings, Inc. has a 1-year low of $60.29 and a 1-year high of $139.21. The firm's 50 day simple moving average is $72.20 and its two-hundred day simple moving average is $85.51.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $658.93 million during 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 company's revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.75 earnings per share. Ollie's Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. On average, sell-side analysts anticipate that Ollie's Bargain Outlet Holdings, Inc. will post 4.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. KeyCorp cut their price objective on shares of Ollie's Bargain Outlet from $140.00 to $98.00 and set an "overweight" rating for the company in a research report on Thursday, July 16th. Citigroup reduced their price objective on Ollie's Bargain Outlet from $111.00 to $100.00 and set a "buy" rating for the company in a research note on Wednesday. Gordon Haskett reaffirmed an "accumulate" rating and issued a $90.00 target price (down from $100.00) on shares of Ollie's Bargain Outlet in a report on Thursday, June 4th. The Goldman Sachs Group lowered their target price on Ollie's Bargain Outlet from $129.00 to $112.00 and set a "buy" rating on the stock in a research report on Monday, June 29th. Finally, Morgan Stanley cut their price target on Ollie's Bargain Outlet from $120.00 to $108.00 and set an "equal weight" rating for the company in a report on Thursday, June 4th. Thirteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price 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.

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