M&T Bank Corp Sells 267 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

M&T Bank Corp lessened its stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 0.9% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 31,047 shares of the company’s stock after selling 267 shares during the period. M&T Bank Corp’s holdings in Ollie’s Bargain Outlet were worth $3,017,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. International Assets Investment Management LLC bought a new stake in Ollie’s Bargain Outlet during the second quarter worth about $25,000. Crewe Advisors LLC bought a new stake in Ollie’s Bargain Outlet during the 2nd quarter worth approximately $36,000. GAMMA Investing LLC increased its holdings in Ollie’s Bargain Outlet by 37.9% during the 3rd quarter. GAMMA Investing LLC now owns 651 shares of the company’s stock valued at $63,000 after purchasing an additional 179 shares in the last quarter. Northwest & Ethical Investments L.P. bought a new position in Ollie’s Bargain Outlet in the 3rd quarter valued at $117,000. Finally, LRI Investments LLC raised its position in Ollie’s Bargain Outlet by 2,356.1% in the 3rd quarter. LRI Investments LLC now owns 1,400 shares of the company’s stock valued at $130,000 after purchasing an additional 1,343 shares during the last quarter.

Ollie’s Bargain Outlet Stock Up 1.4 %

Shares of Ollie’s Bargain Outlet stock opened at $112.77 on Friday. The business has a fifty day simple moving average of $96.26 and a 200 day simple moving average of $95.19. The stock has a market cap of $6.91 billion, a PE ratio of 33.66, a price-to-earnings-growth ratio of 2.81 and a beta of 0.85. Ollie’s Bargain Outlet Holdings, Inc. has a 12 month low of $68.05 and a 12 month high of $115.98.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its earnings results on Tuesday, December 10th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.01. The company had revenue of $517.43 million during the quarter, compared to analyst estimates of $518.83 million. Ollie’s Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.51 EPS. Analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

OLLI has been the subject of a number of research reports. Truist Financial raised their target price on Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the company a “buy” rating in a research note on Wednesday. Piper Sandler raised their price objective on shares of Ollie’s Bargain Outlet from $107.00 to $126.00 and gave the company an “overweight” rating in a research report on Wednesday. Wells Fargo & Company upped their target price on shares of Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Loop Capital raised their price target on shares of Ollie’s Bargain Outlet from $110.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday. Finally, StockNews.com downgraded Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $116.58.

Insiders Place Their Bets

In other Ollie’s Bargain Outlet news, CFO Robert F. Helm sold 2,401 shares of the stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $94.68, for a total value of $227,326.68. Following the completion of the sale, the chief financial officer now directly owns 2,021 shares in the company, valued at $191,348.28. This represents a 54.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John W. Swygert sold 54,318 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $109.44, for a total value of $5,944,561.92. Following the sale, the chief executive officer now directly owns 48,200 shares in the company, valued at approximately $5,275,008. This represents a 52.98 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 95,755 shares of company stock worth $10,165,712. Company insiders own 0.87% of the company’s stock.

Ollie’s Bargain Outlet Profile

Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise in the United States. The company offers housewares, bed and bath, food, floor coverings, health and beauty aids, books and stationery, toys, and electronics; and other products, including hardware, candy, clothing, sporting goods, pet and lawn, and garden products.