Federated Hermes Inc. Has $17.05 Million Position in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Federated Hermes Inc. lifted its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 579.5% during the third quarter, HoldingsChannel.com reports. The fund owned 132,781 shares of the company’s stock after purchasing an additional 113,240 shares during the period. Federated Hermes Inc.’s holdings in Ollie’s Bargain Outlet were worth $17,049,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Private Trust Co. NA increased its stake in Ollie’s Bargain Outlet by 71.3% in the third quarter. Private Trust Co. NA now owns 245 shares of the company’s stock valued at $31,000 after purchasing an additional 102 shares in the last quarter. Assetmark Inc. grew its holdings in shares of Ollie’s Bargain Outlet by 44.8% in the 2nd quarter. Assetmark Inc. now owns 265 shares of the company’s stock valued at $35,000 after buying an additional 82 shares during the period. MAI Capital Management grew its holdings in shares of Ollie’s Bargain Outlet by 28.5% in the 2nd quarter. MAI Capital Management now owns 397 shares of the company’s stock valued at $52,000 after buying an additional 88 shares during the period. HM Payson & Co. increased its position in shares of Ollie’s Bargain Outlet by 31.7% in the 3rd quarter. HM Payson & Co. now owns 544 shares of the company’s stock valued at $70,000 after buying an additional 131 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its stake in Ollie’s Bargain Outlet by 15.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 809 shares of the company’s stock worth $104,000 after buying an additional 110 shares during the period.

Analyst Ratings Changes

A number of research analysts have issued reports on OLLI shares. Sanford C. Bernstein reissued an “outperform” rating on shares of Ollie’s Bargain Outlet in a research note on Wednesday, December 10th. Craig Hallum reaffirmed a “buy” rating and set a $157.00 price target on shares of Ollie’s Bargain Outlet in a research report on Wednesday, December 10th. KeyCorp reiterated an “overweight” rating on shares of Ollie’s Bargain Outlet in a report on Wednesday, December 10th. Wall Street Zen cut Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. Finally, Truist Financial set a $142.00 target price on shares of Ollie’s Bargain Outlet in a report on Friday, January 16th. Twelve investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $142.14.

Ollie’s Bargain Outlet Price Performance

Shares of Ollie’s Bargain Outlet stock opened at $110.31 on Friday. The firm has a market cap of $6.77 billion, a price-to-earnings ratio of 30.47, a price-to-earnings-growth ratio of 1.90 and a beta of 0.48. The stock’s 50-day moving average is $114.61 and its 200-day moving average is $124.49. Ollie’s Bargain Outlet Holdings, Inc. has a one year low of $94.88 and a one year high of $141.74.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its earnings results on Tuesday, December 9th. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.04. The business had revenue of $613.62 million for the quarter, compared to analyst estimates of $613.63 million. Ollie’s Bargain Outlet had a return on equity of 12.86% and a net margin of 8.81%.Ollie’s Bargain Outlet’s revenue for the quarter was up 18.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.58 EPS. Ollie’s Bargain Outlet has set its FY 2025 guidance at 3.810-3.870 EPS. On average, equities analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Ollie’s Bargain Outlet Company Profile

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.