Man Group plc Makes New $11.74 Million Investment in Ollie's Bargain Outlet Holdings, Inc. $OLLI

Key Points

• Man Group plc acquired 152,699 shares of Ollie’s Bargain Outlet during the second quarter, valued at approximately $11.74 million and representing about 0.25% of the company.
• Several other institutional investors also initiated positions, including J. Goldman & Co. LP with an investment of roughly $41.5 million and Polar Asset Management Partners with about $10.1 million.
• Ollie’s reported quarterly EPS of $0.91, exceeding estimates of $0.87, while revenue rose 14.2% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $109.80, despite recent target-price cuts and the stock trading near $71.51.

Man Group plc acquired a new stake in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 152,699 shares of the company's stock, valued at approximately $11,739,000. Man Group plc owned about 0.25% of Ollie's Bargain Outlet at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Western Wealth Management LLC acquired a new position in shares of Ollie's Bargain Outlet during the second quarter worth $301,000. Polar Asset Management Partners Inc. acquired a new stake in Ollie's Bargain Outlet in the second quarter valued at $10,102,000. Jupiter Topco LLC acquired a new stake in Ollie's Bargain Outlet in the second quarter valued at $2,066,000. J. Goldman & Co LP purchased a new stake in Ollie's Bargain Outlet during the 2nd quarter worth about $41,494,000. Finally, Hsbc Holdings PLC purchased a new stake in Ollie's Bargain Outlet during the 2nd quarter worth about $10,699,000.

Ollie's Bargain Outlet Trading Down 3.7%

OLLI stock opened at $71.51 on Friday. The company has a market capitalization of $4.32 billion, a P/E ratio of 17.66, a PEG ratio of 1.31 and a beta of 0.46. The business has a 50 day simple moving average of $72.29 and a 200-day simple moving average of $85.60. Ollie's Bargain Outlet Holdings, Inc. has a twelve month low of $60.29 and a twelve month high of $140.17.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last announced its earnings results on Wednesday, June 3rd. The company reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.87 by $0.04. The business 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 company's quarterly revenue was up 14.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.75 EPS. Ollie's Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. Research analysts predict that Ollie's Bargain Outlet Holdings, Inc. will post 4.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. KeyCorp lowered their price objective on 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. Morgan Stanley cut their target price on Ollie's Bargain Outlet from $120.00 to $108.00 and set an "equal weight" rating on the stock in a research report on Thursday, June 4th. Citigroup decreased their target price 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. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $121.00 price target on shares of Ollie's Bargain Outlet in a report on Tuesday. Finally, The Goldman Sachs Group dropped their price target on shares of Ollie's Bargain Outlet from $129.00 to $112.00 and set a "buy" rating on the stock in a research note on Monday, June 29th. Thirteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $109.80.

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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