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

Man Group plc bought a new stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 152,699 shares of the company’s stock, valued at approximately $11,739,000.

Other institutional investors have also modified their holdings of the company. TimesSquare Capital Management LLC increased its stake in Ollie’s Bargain Outlet by 42.7% in the 4th quarter. TimesSquare Capital Management LLC now owns 246,235 shares of the company’s stock valued at $26,990,000 after buying an additional 73,633 shares during the period. Capital World Investors raised its position in Ollie’s Bargain Outlet by 76.5% during the 4th quarter. Capital World Investors now owns 695,464 shares of the company’s stock worth $76,230,000 after buying an additional 301,332 shares during the last quarter. Stephens Investment Management Group LLC raised its position in Ollie’s Bargain Outlet by 32.8% during the 1st quarter. Stephens Investment Management Group LLC now owns 1,126,255 shares of the company’s stock worth $103,661,000 after buying an additional 277,870 shares during the last quarter. Capital Research Global Investors lifted its stake in shares of Ollie’s Bargain Outlet by 70.2% in the 4th quarter. Capital Research Global Investors now owns 772,837 shares of the company’s stock worth $84,711,000 after acquiring an additional 318,865 shares during the period. Finally, Dynamic Technology Lab Private Ltd boosted its holdings in shares of Ollie’s Bargain Outlet by 168.4% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 28,133 shares of the company’s stock valued at $3,084,000 after acquiring an additional 17,653 shares in the last quarter.

Ollie’s Bargain Outlet Stock Down 3.7%

NASDAQ:OLLI opened at $71.51 on Friday. Ollie’s Bargain Outlet Holdings, Inc. has a fifty-two week low of $60.29 and a fifty-two week high of $140.17. The stock has a market cap of $4.32 billion, a PE ratio of 17.66, a price-to-earnings-growth ratio of 1.31 and a beta of 0.46. The firm’s fifty day simple moving average is $72.29 and its 200-day simple moving average is $85.60.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced 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. 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 during the quarter, compared to the consensus estimate of $661.65 million. During the same quarter last year, the firm posted $0.75 EPS. The business’s 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. Equities analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 4.44 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on OLLI shares. UBS Group dropped their price target on shares of Ollie’s Bargain Outlet from $87.00 to $85.00 and set a “neutral” rating on the stock in a research note on Thursday. The Goldman Sachs Group reduced their price objective on shares of Ollie’s Bargain Outlet from $129.00 to $112.00 and set a “buy” rating for the company in a research report on Monday, June 29th. Citigroup lowered their price objective on Ollie’s Bargain Outlet from $111.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday. Wells Fargo & Company dropped their target price on Ollie’s Bargain Outlet from $115.00 to $100.00 and set an “overweight” rating on the stock in a research report on Monday, August 17th. Finally, Loop Capital reissued a “buy” rating and set a $135.00 target price on shares of Ollie’s Bargain Outlet in a research note on Thursday, June 4th. Thirteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Ollie’s Bargain Outlet has an average rating of “Moderate Buy” and an average target price of $109.80.

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.