TimesSquare Capital Management LLC Makes New $18.46 Million Investment in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

TimesSquare Capital Management LLC bought a new stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) in the second quarter, HoldingsChannel reports. The institutional investor bought 240,128 shares of the company’s stock, valued at approximately $18,461,000.

Several other institutional investors also recently made changes to their positions in OLLI. Wasatch Advisors LP lifted its stake in shares of Ollie’s Bargain Outlet by 45.9% in the second quarter. Wasatch Advisors LP now owns 4,362,067 shares of the company’s stock valued at $335,356,000 after purchasing an additional 1,371,744 shares during the period. Invesco Ltd. grew its position in Ollie’s Bargain Outlet by 17.2% during the third quarter. Invesco Ltd. now owns 2,992,848 shares of the company’s stock worth $384,282,000 after buying an additional 440,243 shares during the period. Goldman Sachs Group Inc. increased its holdings in Ollie’s Bargain Outlet by 315.9% in the fourth 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 in the last quarter. Dimensional Fund Advisors LP increased its holdings in Ollie’s Bargain Outlet by 6.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,272,306 shares of the company’s stock valued at $117,098,000 after buying an additional 72,781 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Ollie’s Bargain Outlet by 4.9% in the fourth 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 in the last quarter.

Ollie’s Bargain Outlet Price Performance

Shares of NASDAQ OLLI opened at $74.93 on Tuesday. The company has a 50-day simple moving average of $73.12 and a 200-day simple moving average of $87.48. The company has a market cap of $4.53 billion, a PE ratio of 18.50, a price-to-earnings-growth ratio of 1.35 and a beta of 0.46. Ollie’s Bargain Outlet Holdings, Inc. has a 12 month low of $60.29 and a 12 month high of $140.54.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data 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. 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 prior year, the firm posted $0.75 earnings per share. The company’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. On average, analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 4.45 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Morgan Stanley decreased their price target on Ollie’s Bargain Outlet from $120.00 to $108.00 and set an “equal weight” rating on the stock in a research note on Thursday, June 4th. Wells Fargo & Company dropped their price objective on Ollie’s Bargain Outlet from $115.00 to $100.00 and set an “overweight” rating for the company in a research note on Monday. Piper Sandler set a $114.00 price objective on Ollie’s Bargain Outlet in a report on Wednesday, June 3rd. Citigroup reduced their price objective on Ollie’s Bargain Outlet from $141.00 to $111.00 and set a “buy” rating for the company in a report on Tuesday, May 12th. Finally, The Goldman Sachs Group decreased 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. Thirteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus 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.