Wellington Management Group LLP reduced its stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI – Free Report) by 7.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 666,405 shares of the company’s stock after selling 57,402 shares during the quarter. Wellington Management Group LLP owned 1.10% of Ollie’s Bargain Outlet worth $51,233,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in OLLI. BlackRock Inc. acquired a new stake in shares of Ollie’s Bargain Outlet in the 2nd quarter valued at about $430,204,000. Wasatch Advisors LP boosted its position in shares of Ollie’s Bargain Outlet by 45.9% during the second quarter. Wasatch Advisors LP now owns 4,362,067 shares of the company’s stock worth $335,356,000 after buying an additional 1,371,744 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Ollie’s Bargain Outlet by 315.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,707,117 shares of the company’s stock worth $187,117,000 after buying an additional 1,296,672 shares during the period. Balyasny Asset Management L.P. acquired a new position in shares of Ollie’s Bargain Outlet during the third quarter worth about $136,152,000. Finally, Primecap Management Co. CA bought a new position in shares of Ollie’s Bargain Outlet during the second quarter worth about $67,338,000.
Analyst Ratings Changes
Several research firms have commented on OLLI. UBS Group cut their target price on Ollie’s Bargain Outlet from $87.00 to $85.00 and set a “neutral” rating on the stock in a research note on Thursday, August 27th. Morgan Stanley decreased their price target on shares of Ollie’s Bargain Outlet from $108.00 to $98.00 and set an “equal weight” rating for the company in a research note on Thursday. Truist Financial lifted their price objective on shares of Ollie’s Bargain Outlet from $80.00 to $85.00 and gave the company a “buy” rating in a report on Thursday. Gordon Haskett reissued an “accumulate” rating and issued a $90.00 price objective (down from $100.00) on shares of Ollie’s Bargain Outlet in a research report on Thursday, June 4th. Finally, Royal Bank Of Canada increased their target price on shares of Ollie’s Bargain Outlet from $121.00 to $124.00 and gave the stock an “outperform” rating in a report on Thursday. Thirteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Ollie’s Bargain Outlet currently has an average rating of “Moderate Buy” and a consensus price target of $102.57.
Ollie’s Bargain Outlet News Roundup
Here are the key news stories impacting Ollie’s Bargain Outlet this week:
- Positive Sentiment: Second-quarter adjusted EPS was $1.42, well above the $1.12-$1.14 consensus and up from $0.99 a year earlier. Revenue increased 9.1% year over year to $741.3 million. Ollie’s Second-Quarter Fiscal 2026 Results
- Positive Sentiment: Ollie’s raised its fiscal 2026 adjusted EPS outlook to $4.57-$4.65, above the roughly $4.52 consensus, as tariff refunds helped lift margins and earnings. OLLI Q2 Earnings Beat Estimates on Tariff Refunds
- Positive Sentiment: Royal Bank of Canada raised its price target to $124 and rated the stock “outperform.” Jefferies also maintained a “buy” rating, while Goldman Sachs, Piper Sandler and Wells Fargo retained positive ratings with targets ranging from $90 to $100.
- Positive Sentiment: The company opened 15 stores during the quarter, is targeting 75 new locations for fiscal 2026 and reported 12.7% growth in its Ollie’s Army loyalty program, supporting longer-term expansion.
- Neutral Sentiment: Analyst opinion remains constructive but more cautious: Goldman Sachs, Piper Sandler and Morgan Stanley lowered their price targets, although the revised targets still imply substantial upside. Morgan Stanley moved to an “equal weight” rating.
- Negative Sentiment: Revenue fell short of expectations, comparable-store sales declined 1.8%, and management’s fiscal 2026 sales outlook of approximately $2.928-$2.941 billion is below the roughly $3.0 billion consensus. Ollie’s Raises Earnings Outlook Despite Sluggish Sales
- Negative Sentiment: Ollie’s plans to invest $15 million in lower prices, which could pressure near-term margins even as it seeks to improve customer traffic and remain competitive. Ollie’s to Invest $15 Million in Lower Prices
Ollie’s Bargain Outlet Stock Performance
OLLI opened at $73.69 on Friday. The business’s 50-day simple moving average is $72.28 and its 200 day simple moving average is $84.19. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $60.29 and a 52-week high of $139.21. The firm has a market capitalization of $4.45 billion, a PE ratio of 16.45, a PEG ratio of 1.28 and a beta of 0.50.
Ollie’s Bargain Outlet (NASDAQ:OLLI – Get Free Report) last posted its quarterly earnings results on Wednesday, September 2nd. The company reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.30. The firm had revenue of $741.31 million during 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 business’s revenue was up 9.1% compared to the same quarter last year. During the same period last year, the company earned $0.99 earnings per share. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.570-4.650 EPS. On average, research analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 4.53 earnings per share 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.
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