TimesSquare Capital Management LLC Invests $18.46 Million in Ollie's Bargain Outlet Holdings, Inc. $OLLI

Key Points

• TimesSquare Capital Management initiated a $18.46 million position in Ollie’s Bargain Outlet, acquiring 240,128 shares, or approximately 0.40% of the company. Several other institutional investors also increased their holdings.
• Ollie’s reported quarterly EPS of $0.91, beating the $0.87 consensus estimate, while revenue rose 14.2% year over year to $658.93 million. The company reaffirmed fiscal 2026 EPS guidance of $4.45–$4.55.
• Shares opened at $74.93, well below their 52-week high of $140.54. Despite recent analyst target-price cuts, Wall Street maintains a “Moderate Buy” consensus with an average target of $110.07.

TimesSquare Capital Management LLC bought a new position in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 240,128 shares of the company's stock, valued at approximately $18,461,000. TimesSquare Capital Management LLC owned approximately 0.40% of Ollie's Bargain Outlet as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the company. Thrivent Financial for Lutherans grew its stake in Ollie's Bargain Outlet by 0.6% during the 2nd quarter. Thrivent Financial for Lutherans now owns 14,458 shares of the company's stock worth $1,905,000 after buying an additional 91 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Ollie's Bargain Outlet by 49.2% in 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. Dana Investment Advisors Inc. boosted its holdings in shares of Ollie's Bargain Outlet by 2.5% in the fourth quarter. Dana Investment Advisors Inc. now owns 5,649 shares of the company's stock valued at $619,000 after acquiring an additional 137 shares during the period. Lazard Asset Management LLC grew its position in shares of Ollie's Bargain Outlet by 5.8% during the second quarter. Lazard Asset Management LLC now owns 2,508 shares of the company's stock worth $330,000 after acquiring an additional 138 shares during the last quarter. Finally, Madison Asset Management LLC grew its position in shares of Ollie's Bargain Outlet by 0.6% during the fourth quarter. Madison Asset Management LLC now owns 23,222 shares of the company's stock worth $2,545,000 after acquiring an additional 149 shares during the last quarter.

Ollie's Bargain Outlet Stock Performance

Shares of Ollie's Bargain Outlet stock opened at $74.93 on Tuesday. Ollie's Bargain Outlet Holdings, Inc. has a one year low of $60.29 and a one year high of $140.54. The company has a market cap of $4.53 billion, a P/E ratio of 18.50, a PEG ratio of 1.35 and a beta of 0.46. The firm has a fifty day moving average of $73.12 and a two-hundred day moving average of $87.48.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last issued its earnings results on Wednesday, June 3rd. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $658.93 million for the quarter, compared to the consensus estimate of $661.65 million. During the same quarter in the previous year, the firm earned $0.75 earnings per share. The business's quarterly revenue was up 14.2% compared to the same quarter last year. Ollie's Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. As a group, equities analysts predict that Ollie's Bargain Outlet Holdings, Inc. will post 4.45 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on OLLI. Truist Financial cut their target price on shares of Ollie's Bargain Outlet from $112.00 to $80.00 and set a "buy" rating on the stock in a report on Thursday, July 9th. The Goldman Sachs Group decreased their price target on shares of Ollie's Bargain Outlet from $129.00 to $112.00 and set a "buy" rating for the company in a research note on Monday, June 29th. Morgan Stanley lowered their price objective on shares of 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. UBS Group set a $80.00 price objective on shares of Ollie's Bargain Outlet in a research note on Thursday, July 9th. Finally, Wells Fargo & Company reduced their target price on shares of Ollie's Bargain Outlet from $115.00 to $100.00 and set an "overweight" rating for the company in a report on Monday. Thirteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $110.07.

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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