Federated Hermes Inc. Has $1.72 Million Stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Federated Hermes Inc. lowered its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 25.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,598 shares of the company’s stock after selling 7,567 shares during the quarter. Federated Hermes Inc.’s holdings in Ollie’s Bargain Outlet were worth $1,715,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Ollie’s Bargain Outlet by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 5,495,026 shares of the company’s stock worth $424,106,000 after acquiring an additional 54,941 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Ollie’s Bargain Outlet by 141.5% in the third quarter. Wellington Management Group LLP now owns 1,075,882 shares of the company’s stock valued at $83,037,000 after purchasing an additional 630,298 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Ollie’s Bargain Outlet by 76.1% in the third quarter. Invesco Ltd. now owns 831,522 shares of the company’s stock valued at $64,177,000 after purchasing an additional 359,371 shares during the last quarter. Fred Alger Management LLC raised its position in shares of Ollie’s Bargain Outlet by 5.5% in the third quarter. Fred Alger Management LLC now owns 764,027 shares of the company’s stock valued at $58,968,000 after purchasing an additional 39,693 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Ollie’s Bargain Outlet by 12.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 722,440 shares of the company’s stock worth $55,758,000 after buying an additional 81,215 shares during the last quarter.

Insiders Place Their Bets

In other news, Director Thomas Hendrickson sold 5,000 shares of Ollie’s Bargain Outlet stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $72.29, for a total value of $361,450.00. Following the transaction, the director now owns 5,659 shares in the company, valued at approximately $409,089.11. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO John W. Swygert sold 11,756 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $75.22, for a total transaction of $884,286.32. Following the completion of the transaction, the chief executive officer now directly owns 48,200 shares in the company, valued at approximately $3,625,604. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Thomas Hendrickson sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $72.29, for a total transaction of $361,450.00. Following the completion of the sale, the director now owns 5,659 shares in the company, valued at approximately $409,089.11. The disclosure for this sale can be found here. Insiders sold 27,171 shares of company stock worth $2,084,338 over the last three months. Insiders own 0.86% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Loop Capital raised shares of Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and increased their price target for the company from $80.00 to $90.00 in a report on Friday, April 5th. Craig Hallum increased their target price on Ollie’s Bargain Outlet from $98.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, March 21st. Royal Bank of Canada restated an “outperform” rating and issued a $86.00 price target on shares of Ollie’s Bargain Outlet in a research note on Thursday, March 21st. Truist Financial increased their price objective on Ollie’s Bargain Outlet from $78.00 to $80.00 and gave the stock a “hold” rating in a research report on Thursday, March 21st. Finally, JPMorgan Chase & Co. reduced their target price on shares of Ollie’s Bargain Outlet from $88.00 to $85.00 and set a “neutral” rating for the company in a research report on Thursday, March 21st. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $84.92.

Ollie’s Bargain Outlet Stock Down 3.4 %

OLLI stock opened at $71.91 on Tuesday. Ollie’s Bargain Outlet Holdings, Inc. has a 52 week low of $52.93 and a 52 week high of $84.38. The business has a 50-day simple moving average of $75.72 and a 200 day simple moving average of $75.12. The company has a market cap of $4.41 billion, a PE ratio of 24.63 and a beta of 0.76.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its earnings results on Wednesday, March 20th. The company reported $1.23 EPS for the quarter, beating the consensus estimate of $1.16 by $0.07. The company had revenue of $648.90 million during the quarter, compared to analysts’ expectations of $649.39 million. Ollie’s Bargain Outlet had a net margin of 8.63% and a return on equity of 12.55%. The business’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.84 EPS. On average, analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.19 EPS for the current fiscal year.

Ollie’s Bargain Outlet Company Profile

Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise in the United States. The company offers housewares, bed and bath, food, floor coverings, health and beauty aids, books and stationery, toys, and electronics; and other products, including hardware, candy, clothing, sporting goods, pet and lawn, and garden products.