M&T Bank Corp Has $3.30 Million Holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

M&T Bank Corp trimmed its position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 3.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,058 shares of the company’s stock after selling 989 shares during the period. M&T Bank Corp’s holdings in Ollie’s Bargain Outlet were worth $3,298,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Legacy Capital Wealth Partners LLC lifted its position in shares of Ollie’s Bargain Outlet by 3.4% during the 4th quarter. Legacy Capital Wealth Partners LLC now owns 2,834 shares of the company’s stock worth $311,000 after buying an additional 94 shares during the last quarter. Blue Trust Inc. grew its position in Ollie’s Bargain Outlet by 55.2% in the fourth quarter. Blue Trust Inc. now owns 284 shares of the company’s stock valued at $31,000 after acquiring an additional 101 shares during the last quarter. UMB Bank n.a. raised its stake 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 worth $60,000 after acquiring an additional 110 shares in the last quarter. Precision Wealth Strategies LLC lifted its holdings 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 worth $427,000 after acquiring an additional 119 shares during the last quarter. Finally, SRS Capital Advisors Inc. boosted its stake in shares of Ollie’s Bargain Outlet by 14.4% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,098 shares of the company’s stock valued at $120,000 after purchasing an additional 138 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on OLLI shares. Piper Sandler upped their price objective on shares of Ollie’s Bargain Outlet from $107.00 to $126.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Loop Capital upped their price target on shares of Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Citigroup raised Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and raised their price objective for the company from $64.00 to $133.00 in a report on Wednesday, December 18th. Bank of America upped their target price on Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Finally, StockNews.com lowered Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research note on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $118.29.

Ollie’s Bargain Outlet Price Performance

Shares of OLLI stock opened at $103.03 on Friday. Ollie’s Bargain Outlet Holdings, Inc. has a one year low of $68.05 and a one year high of $120.03. The business’s 50 day simple moving average is $105.99 and its 200 day simple moving average is $100.97. The stock has a market capitalization of $6.31 billion, a PE ratio of 30.76, a PEG ratio of 2.21 and a beta of 0.83.

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

Insiders Place Their Bets

In related news, SVP Larry Kraus sold 10,646 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $115.58, for a total transaction of $1,230,464.68. Following the transaction, the senior vice president now owns 1,905 shares in the company, valued at $220,179.90. The trade was a 84.82 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP James J. Comitale sold 5,325 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $113.95, for a total transaction of $606,783.75. Following the completion of the sale, the senior vice president now owns 3,140 shares of the company’s stock, valued at $357,803. The trade was a 62.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 76,539 shares of company stock worth $8,498,935. Company insiders own 0.87% of the company’s stock.

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.