M&T Bank Corp Has $3.02 Million Holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

M&T Bank Corp trimmed its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 0.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,047 shares of the company’s stock after selling 267 shares during the quarter. M&T Bank Corp owned approximately 0.05% of Ollie’s Bargain Outlet worth $3,017,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in OLLI. Signaturefd LLC grew its stake in Ollie’s Bargain Outlet by 6.4% during the 2nd quarter. Signaturefd LLC now owns 1,727 shares of the company’s stock valued at $170,000 after acquiring an additional 104 shares in the last quarter. Trust Point Inc. grew its position in Ollie’s Bargain Outlet by 1.0% during the third quarter. Trust Point Inc. now owns 13,184 shares of the company’s stock valued at $1,281,000 after purchasing an additional 134 shares in the last quarter. FORA Capital LLC increased its stake in Ollie’s Bargain Outlet by 3.2% in the 3rd quarter. FORA Capital LLC now owns 4,800 shares of the company’s stock valued at $467,000 after buying an additional 148 shares during the period. GAMMA Investing LLC lifted its position in Ollie’s Bargain Outlet by 37.9% in the 3rd quarter. GAMMA Investing LLC now owns 651 shares of the company’s stock worth $63,000 after buying an additional 179 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in shares of Ollie’s Bargain Outlet by 5.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,544 shares of the company’s stock valued at $344,000 after buying an additional 188 shares during the period.

Analyst Ratings Changes

Several analysts recently issued reports on OLLI shares. UBS Group increased their price objective on Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the stock a “neutral” rating in a report on Friday, August 30th. Bank of America lifted their price target on Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday. Piper Sandler increased their price objective on Ollie’s Bargain Outlet from $107.00 to $126.00 and gave the stock an “overweight” rating in a report on Wednesday. Loop Capital lifted their target price on shares of Ollie’s Bargain Outlet from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Wells Fargo & Company increased their price target on shares of Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $116.58.

Insider Buying and Selling at Ollie’s Bargain Outlet

In related news, SVP Kevin Mclain sold 15,000 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $98.99, for a total value of $1,484,850.00. Following the completion of the transaction, the senior vice president now directly owns 10,610 shares of the company’s stock, valued at $1,050,283.90. This trade represents a 58.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Der Valk Eric Van sold 7,479 shares of Ollie’s Bargain Outlet stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $100.32, for a total transaction of $750,293.28. Following the sale, the president now owns 5,615 shares in the company, valued at $563,296.80. This represents a 57.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 95,755 shares of company stock valued at $10,165,712 in the last ninety days. Company insiders own 0.87% of the company’s stock.

Ollie’s Bargain Outlet Stock Performance

Shares of NASDAQ:OLLI opened at $112.77 on Friday. The stock’s 50-day moving average is $96.26 and its 200-day moving average is $95.19. The company has a market cap of $6.91 billion, a P/E ratio of 33.66, a P/E/G ratio of 2.81 and a beta of 0.85. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $68.05 and a 52-week high of $115.98.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its earnings results on Tuesday, December 10th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. Ollie’s Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The firm had revenue of $517.43 million for the quarter, compared to analyst estimates of $518.83 million. During the same quarter last year, the firm posted $0.51 EPS. The company’s revenue was up 7.8% on a year-over-year basis. As a group, equities analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

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.