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

Hsbc Holdings PLC reduced its holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 51.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,610 shares of the company’s stock after selling 13,543 shares during the period. Hsbc Holdings PLC’s holdings in Ollie’s Bargain Outlet were worth $1,165,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allworth Financial LP raised its holdings in Ollie’s Bargain Outlet by 301.8% in the 3rd quarter. Allworth Financial LP now owns 221 shares of the company’s stock valued at $28,000 after acquiring an additional 166 shares during the last quarter. Cornerstone Planning Group LLC boosted its holdings in shares of Ollie’s Bargain Outlet by 218.8% during the 4th quarter. Cornerstone Planning Group LLC now owns 255 shares of the company’s stock worth $27,000 after purchasing an additional 175 shares during the last quarter. Maseco LLP acquired a new position in shares of Ollie’s Bargain Outlet during the 4th quarter worth approximately $30,000. Northwestern Mutual Wealth Management Co. grew its position in shares of 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 purchasing an additional 92 shares in the last quarter. Finally, Quarry LP purchased a new stake in shares of Ollie’s Bargain Outlet in the third quarter valued at approximately $55,000.

Wall Street Analyst Weigh In

OLLI has been the subject of several recent research reports. Royal Bank Of Canada reduced their price objective on Ollie’s Bargain Outlet from $153.00 to $152.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 27th. Loop Capital restated a “buy” rating and issued a $135.00 target price on shares of Ollie’s Bargain Outlet in a report on Thursday, June 4th. KeyCorp cut their target price on Ollie’s Bargain Outlet from $140.00 to $98.00 and set an “overweight” rating for the company in a research note on Thursday, July 16th. Jefferies Financial Group raised Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and raised their target price for the stock from $120.00 to $130.00 in a research note on Thursday, April 2nd. Finally, Citigroup reduced their price target on Ollie’s Bargain Outlet from $141.00 to $111.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Thirteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Ollie’s Bargain Outlet currently has a consensus rating of “Moderate Buy” and a consensus target price of $113.13.

Ollie’s Bargain Outlet Price Performance

Shares of NASDAQ OLLI opened at $68.97 on Wednesday. The company has a market capitalization of $4.17 billion, a P/E ratio of 17.03, a P/E/G ratio of 1.18 and a beta of 0.47. The company has a 50 day simple moving average of $74.11 and a 200-day simple moving average of $91.30. Ollie’s Bargain Outlet Holdings, Inc. has a 1 year low of $60.29 and a 1 year high of $141.74.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings data on Wednesday, June 3rd. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. The firm had revenue of $658.93 million for the quarter, compared to analysts’ expectations of $661.65 million. Ollie’s Bargain Outlet had a return on equity of 13.43% and a net margin of 9.13%.The firm’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.75 earnings per share. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. As a group, research analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 4.45 EPS for the current year.

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.