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

Federated Hermes Inc. boosted its stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 579.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 132,781 shares of the company’s stock after acquiring an additional 113,240 shares during the quarter. Federated Hermes Inc. owned 0.22% of Ollie’s Bargain Outlet worth $17,049,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Wasatch Advisors LP increased its position in shares of Ollie’s Bargain Outlet by 1.2% during the 2nd quarter. Wasatch Advisors LP now owns 4,062,147 shares of the company’s stock worth $535,310,000 after purchasing an additional 49,603 shares in the last quarter. Invesco Ltd. grew its stake in Ollie’s Bargain Outlet by 55.5% during the second quarter. Invesco Ltd. now owns 2,552,605 shares of the company’s stock worth $336,382,000 after buying an additional 911,364 shares during the last quarter. Hood River Capital Management LLC grew its stake in Ollie’s Bargain Outlet by 165.4% during the second quarter. Hood River Capital Management LLC now owns 1,240,339 shares of the company’s stock worth $163,452,000 after buying an additional 773,013 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Ollie’s Bargain Outlet by 0.4% during the second quarter. Geode Capital Management LLC now owns 1,140,234 shares of the company’s stock worth $150,284,000 after buying an additional 5,000 shares in the last quarter. Finally, Geneva Capital Management LLC raised its stake in shares of Ollie’s Bargain Outlet by 7.6% in the second quarter. Geneva Capital Management LLC now owns 1,129,086 shares of the company’s stock valued at $148,791,000 after acquiring an additional 79,627 shares during the last quarter.

Ollie’s Bargain Outlet Price Performance

Shares of NASDAQ:OLLI opened at $110.31 on Friday. The stock has a market cap of $6.77 billion, a price-to-earnings ratio of 30.47, a P/E/G ratio of 1.90 and a beta of 0.48. The company has a 50 day moving average of $114.61 and a 200-day moving average of $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 quarterly earnings data 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 firm had revenue of $613.62 million for the quarter, compared to analysts’ expectations of $613.63 million. Ollie’s Bargain Outlet had a net margin of 8.81% and a return on equity of 12.86%. The business’s revenue for the quarter was up 18.6% on a year-over-year basis. During the same period last year, the firm earned $0.58 earnings per share. Ollie’s Bargain Outlet has set its FY 2025 guidance at 3.810-3.870 EPS. Equities research analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on OLLI. Morgan Stanley decreased their price target on Ollie’s Bargain Outlet from $145.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 10th. Royal Bank Of Canada set a $140.00 target price on Ollie’s Bargain Outlet in a research note on Wednesday, December 10th. Truist Financial set a $142.00 price target on shares of Ollie’s Bargain Outlet in a research report on Friday, January 16th. Craig Hallum reissued a “buy” rating and set a $157.00 price objective on shares of Ollie’s Bargain Outlet in a report on Wednesday, December 10th. Finally, Loop Capital upgraded shares of Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and raised their price objective for the company from $130.00 to $135.00 in a research report on Monday, December 22nd. Twelve equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Ollie’s Bargain Outlet presently has a consensus rating of “Moderate Buy” and a consensus price target of $142.14.

Ollie’s Bargain Outlet 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.