Ollie’s Bargain Outlet Holdings, Inc. $OLLI Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC lifted its position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 4.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,217,762 shares of the company’s stock after buying an additional 56,948 shares during the quarter. Geode Capital Management LLC’s holdings in Ollie’s Bargain Outlet were worth $133,504,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Peregrine Capital Management LLC grew its holdings in shares of Ollie’s Bargain Outlet by 21.2% during the fourth quarter. Peregrine Capital Management LLC now owns 120,733 shares of the company’s stock worth $13,234,000 after buying an additional 21,138 shares in the last quarter. TimesSquare Capital Management LLC grew its holdings in shares of Ollie’s Bargain Outlet by 42.7% during the fourth quarter. TimesSquare Capital Management LLC now owns 246,235 shares of the company’s stock worth $26,990,000 after buying an additional 73,633 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Ollie’s Bargain Outlet by 80.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 213,047 shares of the company’s stock worth $23,352,000 after buying an additional 95,011 shares in the last quarter. First National Bank of Omaha purchased a new stake in shares of Ollie’s Bargain Outlet during the third quarter worth about $3,406,000. Finally, Braun Stacey Associates Inc. grew its holdings in shares of Ollie’s Bargain Outlet by 5.6% during the fourth quarter. Braun Stacey Associates Inc. now owns 233,613 shares of the company’s stock worth $25,606,000 after buying an additional 12,377 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. The Goldman Sachs Group lowered their price target on shares of Ollie’s Bargain Outlet from $151.00 to $129.00 and set a “buy” rating for the company in a report on Thursday. Gordon Haskett reiterated an “accumulate” rating and set a $90.00 price target (down from $100.00) on shares of Ollie’s Bargain Outlet in a report on Thursday. Loop Capital reiterated a “buy” rating and set a $135.00 price target on shares of Ollie’s Bargain Outlet in a report on Thursday. Citigroup decreased their target price on shares of Ollie’s Bargain Outlet from $141.00 to $111.00 and set a “buy” rating on the stock in a research report on Tuesday, May 12th. Finally, Royal Bank Of Canada decreased their target price on shares of 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. Fourteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.13.

Ollie’s Bargain Outlet Stock Performance

OLLI opened at $74.47 on Friday. The stock has a market capitalization of $4.52 billion, a PE ratio of 18.39, a P/E/G ratio of 1.40 and a beta of 0.46. Ollie’s Bargain Outlet Holdings, Inc. has a 1 year low of $73.32 and a 1 year high of $141.74. The company’s 50 day simple moving average is $86.38 and its 200 day simple moving average is $103.00.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings results on Wednesday, June 3rd. The company reported $0.91 earnings per share 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 net margin of 9.13% and a return on equity of 13.43%. Ollie’s Bargain Outlet’s revenue was up 14.2% compared to the same quarter last year. During the same period in the previous year, the company 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, sell-side analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 4.48 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Ollie’s Bargain Outlet news, Chairman John W. Swygert sold 5,231 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $92.09, for a total transaction of $481,722.79. Following the transaction, the chairman directly owned 48,200 shares of the company’s stock, valued at $4,438,738. The trade was a 9.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 12,459 shares of company stock worth $1,149,218 over the last 90 days. Insiders own 0.75% of the company’s stock.

Ollie’s Bargain Outlet News Summary

Here are the key news stories impacting Ollie’s Bargain Outlet this week:

• Positive Sentiment: Ollie’s beat Q1 EPS estimates, with earnings of $0.91 per share versus $0.87 expected, while revenue rose 14% year over year and comparable sales increased 1.7%, showing continued demand and healthy operating momentum. Ollie’s Bargain Outlet Holdings, Inc. Announces First Quarter Fiscal 2026 Results
• Positive Sentiment: Management raised its fiscal 2026 EPS outlook to $4.45-$4.55, reinforcing confidence in the company’s growth and margin trajectory after the quarter. Ollie’s Bargain Outlet Holdings Inc (OLLI) Q1 2026 Earnings Call Highlights: Strong Growth Amid …
• Positive Sentiment: Loop Capital reaffirmed a buy rating and set a $135 price target, suggesting substantial upside from current levels. Loop Capital rating update
• Positive Sentiment: Gordon Haskett also reiterated an accumulate rating, though it trimmed its target to $90, indicating continued analyst support after the results. Gordon Haskett rating update
• Neutral Sentiment: UBS lowered its price target to $87 from $125 and kept a neutral rating, reflecting caution around the stock’s near-term setup despite the earnings beat. UBS price target cut
• Neutral Sentiment: Some coverage noted the stock was slipping even after the earnings beat, suggesting investors may be taking profits or focusing on valuation and broader market uncertainty. GuruFocus article

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.