Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Stake Lifted by Federated Hermes Inc.

Federated Hermes Inc. grew its stake in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 24.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,284 shares of the company's stock after acquiring an additional 5,029 shares during the period. Federated Hermes Inc.'s holdings in Ollie's Bargain Outlet were worth $2,942,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Next Century Growth Investors LLC grew its holdings in Ollie's Bargain Outlet by 27.6% in the fourth quarter. Next Century Growth Investors LLC now owns 162,136 shares of the company's stock valued at $17,791,000 after purchasing an additional 35,075 shares during the last quarter. Caxton Associates LP acquired a new position in Ollie's Bargain Outlet during the fourth quarter worth about $438,000. Schonfeld Strategic Advisors LLC lifted its holdings in shares of Ollie's Bargain Outlet by 85.2% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 5,800 shares of the company's stock valued at $636,000 after purchasing an additional 2,668 shares in the last quarter. Teacher Retirement System of Texas increased its stake in shares of Ollie's Bargain Outlet by 63.8% during the 1st quarter. Teacher Retirement System of Texas now owns 11,711 shares of the company's stock worth $1,363,000 after purchasing an additional 4,563 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in Ollie's Bargain Outlet by 1.1% in the 4th quarter. Invesco Ltd. now owns 1,645,472 shares of the company's stock valued at $180,558,000 after buying an additional 17,302 shares in the last quarter.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Wall Street Zen raised Ollie's Bargain Outlet from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. Royal Bank Of Canada reissued an "outperform" rating and set a $133.00 price objective on shares of Ollie's Bargain Outlet in a research note on Wednesday, June 4th. KeyCorp set a $145.00 price target on Ollie's Bargain Outlet and gave the company an "overweight" rating in a report on Thursday, June 26th. Truist Financial lifted their price objective on Ollie's Bargain Outlet from $126.00 to $128.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Finally, Loop Capital downgraded Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and set a $130.00 target price on the stock. in a research report on Tuesday, June 24th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Ollie's Bargain Outlet presently has an average rating of "Moderate Buy" and a consensus price target of $126.79.

Insider Buying and Selling

In related news, CEO Der Valk Eric Van sold 728 shares of the company's stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $112.85, for a total transaction of $82,154.80. Following the sale, the chief executive officer directly owned 7,761 shares of the company's stock, valued at approximately $875,828.85. This represents a 8.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.75% of the stock is currently owned by corporate insiders.

Ollie's Bargain Outlet Trading Up 1.7%

NASDAQ:OLLI traded up $2.38 on Wednesday, reaching $140.80. The stock had a trading volume of 655,190 shares, compared to its average volume of 1,174,093. Ollie's Bargain Outlet Holdings, Inc. has a 12-month low of $86.05 and a 12-month high of $141.74. The stock has a market cap of $8.64 billion, a P/E ratio of 43.32, a price-to-earnings-growth ratio of 3.15 and a beta of 0.40. The company has a 50-day moving average of $126.20 and a 200 day moving average of $114.69.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last released its quarterly earnings results on Tuesday, June 3rd. The company reported $0.75 earnings per share for the quarter, topping analysts' consensus estimates of $0.70 by $0.05. Ollie's Bargain Outlet had a net margin of 8.59% and a return on equity of 12.27%. The business had revenue of $576.77 million during the quarter, compared to the consensus estimate of $565.04 million. During the same quarter last year, the company earned $0.73 earnings per share. The business's quarterly revenue was up 13.4% compared to the same quarter last year. On average, equities analysts predict 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 Holdings, Inc is a holding company, which engages in the retail of closeouts, excess inventory, and salvage merchandise. It offers overstocks, package changes, manufacturer refurbished goods, and irregulars. The company's products include housewares, food, books and stationery, bed and bath, floor coverings, electronics and toys.