Wellington Management Group LLP Sells 57,402 Shares of Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Wellington Management Group LLP reduced its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 7.9% in the 2nd quarter, HoldingsChannel reports. The firm owned 666,405 shares of the company’s stock after selling 57,402 shares during the period. Wellington Management Group LLP’s holdings in Ollie’s Bargain Outlet were worth $51,233,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of OLLI. BlackRock Inc. acquired a new position in Ollie’s Bargain Outlet during the second quarter worth approximately $430,204,000. Wasatch Advisors LP lifted its position 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 buying an additional 1,371,744 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Ollie’s Bargain Outlet by 17.2% during the 3rd quarter. Invesco Ltd. now owns 2,992,848 shares of the company’s stock worth $384,282,000 after acquiring an additional 440,243 shares during the period. Goldman Sachs Group Inc. boosted 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 acquiring an additional 1,296,672 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Ollie’s Bargain Outlet by 6.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,272,306 shares of the company’s stock worth $117,098,000 after acquiring an additional 72,781 shares during the last quarter.

Ollie’s Bargain Outlet Trading Down 0.2%

NASDAQ:OLLI opened at $73.69 on Friday. The stock has a 50 day simple moving average of $72.28 and a 200 day simple moving average of $84.19. Ollie’s Bargain Outlet Holdings, Inc. has a 1-year low of $60.29 and a 1-year high of $139.21. The stock has a market cap of $4.45 billion, a P/E ratio of 16.45, a PEG ratio of 1.28 and a beta of 0.50.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its earnings results on Wednesday, September 2nd. The company reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.30. The company 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 company’s revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.99 earnings per share. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.570-4.650 EPS. As a group, sell-side analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 4.53 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on OLLI. Weiss Ratings cut Ollie’s Bargain Outlet from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, July 16th. Truist Financial upped 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. JPMorgan Chase & Co. increased their price objective on shares of Ollie’s Bargain Outlet from $70.00 to $73.00 and gave the company a “neutral” rating in a research report on Tuesday, August 18th. UBS Group cut their target price on shares of Ollie’s Bargain Outlet from $87.00 to $85.00 and set a “neutral” rating for the company in a research note on Thursday, August 27th. Finally, Wells Fargo & Company set a $98.00 target price on shares of Ollie’s Bargain Outlet in a report on Thursday. Thirteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Ollie’s Bargain Outlet has an average rating of “Moderate Buy” and an average price target of $102.57.

Key Stories Impacting Ollie’s Bargain Outlet

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

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.