Federated Hermes Inc. increased its position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI – Get Rating) by 542.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,433 shares of the company’s stock after purchasing an additional 39,204 shares during the period. Federated Hermes Inc. owned 0.07% of Ollie’s Bargain Outlet worth $2,396,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in OLLI. Wipfli Financial Advisors LLC bought a new stake in Ollie’s Bargain Outlet during the third quarter worth approximately $36,000. Alaska Permanent Fund Corp raised its holdings in Ollie’s Bargain Outlet by 1,573.5% during the third quarter. Alaska Permanent Fund Corp now owns 820 shares of the company’s stock worth $42,000 after purchasing an additional 771 shares in the last quarter. Pinnacle Financial Partners Inc. bought a new stake in Ollie’s Bargain Outlet during the third quarter worth approximately $55,000. Quadrant Capital Group LLC raised its holdings in Ollie’s Bargain Outlet by 34.3% during the third quarter. Quadrant Capital Group LLC now owns 1,111 shares of the company’s stock worth $57,000 after purchasing an additional 284 shares in the last quarter. Finally, IFP Advisors Inc raised its holdings in Ollie’s Bargain Outlet by 470.7% during the third quarter. IFP Advisors Inc now owns 799 shares of the company’s stock worth $59,000 after purchasing an additional 659 shares in the last quarter.
Ollie’s Bargain Outlet Stock Performance
NASDAQ OLLI opened at $53.68 on Friday. The firm’s 50 day moving average price is $54.65 and its two-hundred day moving average price is $55.02. Ollie’s Bargain Outlet Holdings, Inc. has a twelve month low of $37.67 and a twelve month high of $72.27. The stock has a market cap of $3.34 billion, a price-to-earnings ratio of 35.79, a PEG ratio of 1.93 and a beta of 0.96.
Wall Street Analyst Weigh In
OLLI has been the topic of several recent analyst reports. Wells Fargo & Company boosted their target price on Ollie’s Bargain Outlet from $60.00 to $67.00 and gave the stock an “overweight” rating in a report on Monday, February 6th. StockNews.com cut Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a report on Saturday, November 12th. Truist Financial dropped their price target on Ollie’s Bargain Outlet from $50.00 to $46.00 in a report on Thursday, December 8th. Loop Capital dropped their price target on Ollie’s Bargain Outlet from $50.00 to $45.00 in a report on Thursday, December 8th. Finally, Piper Sandler upped their price target on Ollie’s Bargain Outlet from $60.00 to $72.00 and gave the company an “overweight” rating in a report on Tuesday, February 28th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $60.67.
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.
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