Hsbc Holdings PLC Grows Holdings in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Hsbc Holdings PLC boosted its stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 1,043.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 144,220 shares of the company’s stock after buying an additional 131,610 shares during the quarter. Hsbc Holdings PLC’s holdings in Ollie’s Bargain Outlet were worth $10,699,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in OLLI. BlackRock Inc. purchased a new stake in Ollie’s Bargain Outlet in the second quarter worth about $430,204,000. Wasatch Advisors LP increased its holdings in shares of Ollie’s Bargain Outlet by 45.9% in the 2nd quarter. Wasatch Advisors LP now owns 4,362,067 shares of the company’s stock valued at $335,356,000 after acquiring an additional 1,371,744 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Ollie’s Bargain Outlet by 315.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,707,117 shares of the company’s stock worth $187,117,000 after purchasing an additional 1,296,672 shares during the last quarter. Balyasny Asset Management L.P. purchased a new stake in shares of Ollie’s Bargain Outlet during the 3rd quarter worth $136,152,000. Finally, Primecap Management Co. CA bought a new stake in shares of Ollie’s Bargain Outlet in the 2nd quarter valued at about $67,338,000.

Ollie’s Bargain Outlet Price Performance

Shares of Ollie’s Bargain Outlet stock opened at $72.38 on Thursday. The stock has a market cap of $4.30 billion, a PE ratio of 16.16, a price-to-earnings-growth ratio of 1.27 and a beta of 0.50. The firm has a fifty day moving average price of $72.39 and a 200 day moving average price of $83.18. Ollie’s Bargain Outlet Holdings, Inc. has a 1 year low of $60.29 and a 1 year high of $139.21.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings results on Wednesday, September 2nd. The company reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.30. The company had revenue of $741.31 million for the quarter, compared to the consensus estimate of $747.71 million. Ollie’s Bargain Outlet had a return on equity of 14.54% and a net margin of 9.79%.The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period last year, the firm earned $0.99 EPS. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.570-4.650 EPS. As a group, equities analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 4.61 EPS for the current year.

Analyst Upgrades and Downgrades

OLLI has been the topic of several research analyst reports. KeyCorp restated an “overweight” rating on shares of Ollie’s Bargain Outlet in a research note on Thursday, September 3rd. Morgan Stanley cut their price objective on shares of Ollie’s Bargain Outlet from $108.00 to $98.00 and set an “equal weight” rating on the stock in a report on Thursday, September 3rd. JPMorgan Chase & Co. boosted their target price on shares of Ollie’s Bargain Outlet from $70.00 to $73.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 18th. Wells Fargo & Company set a $98.00 price objective on shares of Ollie’s Bargain Outlet in a report on Thursday, September 3rd. Finally, Truist Financial raised their target price on Ollie’s Bargain Outlet from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, September 3rd. Thirteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $102.43.

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.