Legal & General Group Plc Takes Position in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Legal & General Group Plc purchased a new position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) in the 2nd quarter, Holdings Channel.com reports. The fund purchased 81,733 shares of the company’s stock, valued at approximately $6,284,000.

A number of other large investors also recently modified their holdings of the company. Allworth Financial LP raised its holdings in Ollie’s Bargain Outlet by 301.8% in the third quarter. Allworth Financial LP now owns 221 shares of the company’s stock valued at $28,000 after buying an additional 166 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in Ollie’s Bargain Outlet by 49.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 279 shares of the company’s stock worth $31,000 after buying an additional 92 shares during the period. Quarry LP acquired a new stake in shares of Ollie’s Bargain Outlet in the third quarter worth $55,000. CENTRAL TRUST Co raised its stake in shares of Ollie’s Bargain Outlet by 131.6% in the 1st quarter. CENTRAL TRUST Co now owns 477 shares of the company’s stock valued at $44,000 after acquiring an additional 271 shares during the period. Finally, Johnson Financial Group Inc. acquired a new position in shares of Ollie’s Bargain Outlet during the 3rd quarter valued at $62,000.

Ollie’s Bargain Outlet Price Performance

Shares of OLLI opened at $73.87 on Thursday. The stock has a market capitalization of $4.47 billion, a PE ratio of 18.24, a price-to-earnings-growth ratio of 1.28 and a beta of 0.50. Ollie’s Bargain Outlet Holdings, Inc. has a 12-month low of $60.29 and a 12-month high of $139.21. The business’s fifty day moving average price is $72.23 and its 200 day moving average price is $84.47.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its earnings results on Wednesday, September 2nd. The company reported $1.42 EPS for the quarter, beating 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 13.43% and a net margin of 9.13%.Ollie’s Bargain Outlet’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.99 earnings per share. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.570-4.650 EPS. As a group, research analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 4.44 earnings per share for the current fiscal year.

Key Headlines Impacting Ollie’s Bargain Outlet

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

• Positive Sentiment: Adjusted EPS reached $1.42, up from $0.99 a year earlier and ahead of analysts’ estimates of roughly $1.12–$1.14. Revenue rose 9.1% year over year to $741.3 million, although it was slightly below the $747.7 million consensus. Ollie’s second-quarter fiscal 2026 results
• Positive Sentiment: Ollie’s raised its fiscal 2026 EPS outlook to $4.57–$4.65, above the approximately $4.52 analyst consensus. The company also opened 15 stores during the quarter, continues to target 75 openings for the year, and grew its Ollie’s Army loyalty membership by 12.7%, supporting its long-term expansion strategy. Fiscal 2026 outlook and store expansion
• Positive Sentiment: Consumables were a relative bright spot, indicating demand for lower-priced necessities remains resilient even as consumers become more selective. Consumables performance in the second quarter
• Neutral Sentiment: Management forecast fiscal 2026 net sales of approximately $2.928–$2.941 billion, reflecting continued growth but falling short of the roughly $3.0 billion Wall Street expectation. This suggests the profit outlook is stronger than the sales outlook. Ollie’s earnings and sales forecast
• Negative Sentiment: Comparable-store sales declined 1.8%, highlighting cautious consumer spending and potential pressure on discretionary categories. Investors may remain concerned that traffic and sales momentum are not keeping pace with the company’s store expansion. Consumer caution and Ollie’s valuation

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. The Goldman Sachs Group lowered their target price on Ollie’s Bargain Outlet from $129.00 to $112.00 and set a “buy” rating for the company in a research note on Monday, June 29th. Loop Capital reiterated a “buy” rating and set a $135.00 price objective on shares of Ollie’s Bargain Outlet in a research note on Thursday, June 4th. Gordon Haskett reissued an “accumulate” rating and set a $90.00 target price (down from $100.00) on shares of Ollie’s Bargain Outlet in a research report on Thursday, June 4th. KeyCorp decreased their target price on shares of 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. Finally, Piper Sandler lowered their price target on shares of Ollie’s Bargain Outlet from $114.00 to $113.00 and set an “overweight” rating for the company in a report on Tuesday, August 18th. Thirteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $107.29.

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.