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

Federated Hermes Inc. lessened its holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 25.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,598 shares of the company’s stock after selling 7,567 shares during the period. Federated Hermes Inc.’s holdings in Ollie’s Bargain Outlet were worth $1,715,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Ollie’s Bargain Outlet by 11.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,214 shares of the company’s stock worth $851,000 after purchasing an additional 1,159 shares during the last quarter. Strs Ohio boosted its holdings in shares of Ollie’s Bargain Outlet by 25.7% during the 4th quarter. Strs Ohio now owns 17,955 shares of the company’s stock worth $1,362,000 after buying an additional 3,675 shares during the period. Louisiana State Employees Retirement System acquired a new position in Ollie’s Bargain Outlet in the 4th quarter valued at $1,313,000. Shaker Investments LLC OH raised its holdings in Ollie’s Bargain Outlet by 10.0% in the 4th quarter. Shaker Investments LLC OH now owns 32,089 shares of the company’s stock worth $2,435,000 after acquiring an additional 2,924 shares during the period. Finally, New York State Teachers Retirement System lifted its position in Ollie’s Bargain Outlet by 0.5% during the 4th quarter. New York State Teachers Retirement System now owns 59,747 shares of the company’s stock worth $4,534,000 after acquiring an additional 300 shares during the last quarter.

Ollie’s Bargain Outlet Stock Performance

Shares of Ollie’s Bargain Outlet stock opened at $71.91 on Tuesday. The firm has a market cap of $4.41 billion, a P/E ratio of 24.63 and a beta of 0.76. The firm’s 50-day simple moving average is $75.72 and its 200-day simple moving average is $75.12. Ollie’s Bargain Outlet Holdings, Inc. has a twelve month low of $52.93 and a twelve month high of $84.38.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings data on Wednesday, March 20th. The company reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.07. The company had revenue of $648.90 million for the quarter, compared to analyst estimates of $649.39 million. Ollie’s Bargain Outlet had a return on equity of 12.55% and a net margin of 8.63%. The company’s revenue was up 18.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.84 EPS. On average, equities analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.19 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, VP Larry Kraus sold 2,928 shares of the business’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $79.00, for a total value of $231,312.00. Following the sale, the vice president now owns 1,905 shares in the company, valued at approximately $150,495. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Larry Kraus sold 2,928 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $79.00, for a total value of $231,312.00. Following the completion of the transaction, the vice president now owns 1,905 shares in the company, valued at $150,495. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO John W. Swygert sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $82.57, for a total value of $412,850.00. Following the completion of the transaction, the chief executive officer now directly owns 48,200 shares in the company, valued at $3,979,874. 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. 0.86% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

OLLI has been the topic of several research analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $86.00 price target on shares of Ollie’s Bargain Outlet in a research report on Thursday, March 21st. The Goldman Sachs Group lifted their price target on Ollie’s Bargain Outlet from $91.00 to $104.00 and gave the stock a “buy” rating in a research report on Thursday, March 21st. Loop Capital raised Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and increased their price objective for the company from $80.00 to $90.00 in a research report on Friday, April 5th. JPMorgan Chase & Co. dropped their target price on shares of Ollie’s Bargain Outlet from $88.00 to $85.00 and set a “neutral” rating on the stock in a research report on Thursday, March 21st. Finally, Craig Hallum increased their price target on shares of Ollie’s Bargain Outlet from $98.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, March 21st. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $84.92.

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.