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

Federated Hermes Inc. decreased its holdings in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 40.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,255 shares of the company's stock after selling 13,684 shares during the period. Federated Hermes Inc.'s holdings in Ollie's Bargain Outlet were worth $2,223,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Legacy Capital Wealth Partners LLC lifted its stake in shares of Ollie's Bargain Outlet by 3.4% in the 4th quarter. Legacy Capital Wealth Partners LLC now owns 2,834 shares of the company's stock valued at $311,000 after purchasing an additional 94 shares during the last quarter. Blue Trust Inc. boosted its stake in Ollie's Bargain Outlet by 55.2% during the fourth quarter. Blue Trust Inc. now owns 284 shares of the company's stock worth $31,000 after buying an additional 101 shares during the period. UMB Bank n.a. increased its position in Ollie's Bargain Outlet by 25.3% during the fourth quarter. UMB Bank n.a. now owns 545 shares of the company's stock valued at $60,000 after acquiring an additional 110 shares during the last quarter. Precision Wealth Strategies LLC raised its stake in shares of Ollie's Bargain Outlet by 3.2% in the fourth quarter. Precision Wealth Strategies LLC now owns 3,889 shares of the company's stock valued at $427,000 after acquiring an additional 119 shares during the period. Finally, Pitcairn Co. lifted its holdings in shares of Ollie's Bargain Outlet by 1.7% in the 4th quarter. Pitcairn Co. now owns 7,244 shares of the company's stock worth $795,000 after acquiring an additional 120 shares during the last quarter.

Insider Activity at Ollie's Bargain Outlet

In related news, SVP Kevin Mclain sold 4,799 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $115.56, for a total transaction of $554,572.44. Following the completion of the transaction, the senior vice president now owns 12,336 shares in the company, valued at $1,425,548.16. The trade was a 28.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Robert F. Helm sold 312 shares of the firm's stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $107.17, for a total transaction of $33,437.04. Following the completion of the sale, the chief financial officer now owns 3,273 shares of the company's stock, valued at approximately $350,767.41. This trade represents a 8.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 37,897 shares of company stock valued at $4,227,970 over the last quarter. 0.87% of the stock is owned by corporate insiders.

Ollie's Bargain Outlet Stock Up 1.8 %

NASDAQ:OLLI traded up $1.98 during mid-day trading on Friday, reaching $111.95. The company's stock had a trading volume of 1,118,807 shares, compared to its average volume of 1,130,959. The firm has a market capitalization of $6.86 billion, a PE ratio of 33.42, a price-to-earnings-growth ratio of 2.21 and a beta of 0.75. The stock has a fifty day moving average of $106.72 and a 200-day moving average of $103.73. Ollie's Bargain Outlet Holdings, Inc. has a 1 year low of $70.17 and a 1 year high of $120.03.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last issued its quarterly earnings data on Wednesday, March 19th. The company reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.01). Ollie's Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. The business had revenue of $667.10 million for the quarter, compared to analysts' expectations of $674.61 million. During the same period in the previous year, the business earned $1.23 earnings per share. The business's quarterly revenue was up 2.8% compared to the same quarter last year. On average, analysts expect that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently commented on OLLI. UBS Group upped their price target on shares of Ollie's Bargain Outlet from $117.00 to $123.00 and gave the company a "neutral" rating in a report on Thursday, March 20th. Morgan Stanley increased their price target on Ollie's Bargain Outlet from $108.00 to $118.00 and gave the stock an "equal weight" rating in a report on Thursday, March 20th. Jefferies Financial Group cut Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and dropped their price objective for the company from $125.00 to $111.00 in a report on Tuesday, February 4th. Royal Bank of Canada upped their price objective on Ollie's Bargain Outlet from $130.00 to $133.00 and gave the company an "outperform" rating in a research report on Friday, March 7th. Finally, Loop Capital lifted their target price on Ollie's Bargain Outlet from $120.00 to $130.00 and gave the stock a "buy" rating in a research report on Monday, December 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $123.08.

Ollie's Bargain Outlet 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.