Amalgamated Bank lifted its holdings in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI – Get Rating) by 13.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 48,153 shares of the company’s stock after buying an additional 5,584 shares during the period. Amalgamated Bank owned about 0.08% of Ollie’s Bargain Outlet worth $2,255,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. CWM LLC boosted its stake in shares of Ollie’s Bargain Outlet by 30.3% during the 4th quarter. CWM LLC now owns 882 shares of the company’s stock worth $41,000 after buying an additional 205 shares during the last quarter. Romano Brothers AND Company acquired a new position in shares of Ollie’s Bargain Outlet during the 4th quarter worth about $47,000. Quadrant Capital Group LLC increased its stake in shares of Ollie’s Bargain Outlet by 34.3% during the 3rd quarter. Quadrant Capital Group LLC now owns 1,111 shares of the company’s stock worth $57,000 after purchasing an additional 284 shares during the last quarter. IFP Advisors Inc increased its stake in shares of Ollie’s Bargain Outlet by 470.7% during the 3rd quarter. IFP Advisors Inc now owns 799 shares of the company’s stock worth $59,000 after purchasing an additional 659 shares during the last quarter. Finally, Captrust Financial Advisors increased its stake in shares of Ollie’s Bargain Outlet by 81.1% during the 2nd quarter. Captrust Financial Advisors now owns 1,411 shares of the company’s stock worth $83,000 after purchasing an additional 632 shares during the last quarter.
Analysts Set New Price Targets
Several research analysts have recently weighed in on the stock. StockNews.com assumed coverage on shares of Ollie’s Bargain Outlet in a research note on Thursday, May 18th. They set a “hold” rating on the stock. Morgan Stanley boosted their price objective on shares of Ollie’s Bargain Outlet from $50.00 to $54.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 23rd. Citigroup lowered shares of Ollie’s Bargain Outlet from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $52.00 to $49.00 in a research note on Monday, March 27th. JPMorgan Chase & Co. upgraded shares of Ollie’s Bargain Outlet from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $56.00 to $66.00 in a research note on Monday, April 17th. Finally, Wells Fargo & Company lifted their target price on shares of Ollie’s Bargain Outlet from $60.00 to $67.00 and gave the stock an “overweight” rating in a report on Monday, February 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $62.13.
Insider Buying and Selling at Ollie’s Bargain Outlet
Ollie’s Bargain Outlet Stock Up 8.1 %
NASDAQ OLLI opened at $57.69 on Friday. The company has a market capitalization of $3.57 billion, a P/E ratio of 35.18, a P/E/G ratio of 1.03 and a beta of 0.97. Ollie’s Bargain Outlet Holdings, Inc. has a 12-month low of $44.72 and a 12-month high of $72.27. The firm has a 50-day moving average price of $61.49 and a two-hundred day moving average price of $56.71.
Ollie’s Bargain Outlet (NASDAQ:OLLI – Get Rating) last posted its quarterly earnings data on Wednesday, March 22nd. The company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.04. The firm had revenue of $549.80 million during the quarter, compared to the consensus estimate of $542.18 million. Ollie’s Bargain Outlet had a net margin of 5.63% and a return on equity of 7.69%. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.69 EPS. Equities analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 2.57 EPS for the current year.
About Ollie’s Bargain Outlet
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.
Read More
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