Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Sold by Amalgamated Bank

Amalgamated Bank reduced its holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 7.5% during the second quarter, Holdings Channel reports. The firm owned 34,463 shares of the company’s stock after selling 2,775 shares during the period. Amalgamated Bank’s holdings in Ollie’s Bargain Outlet were worth $3,383,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in OLLI. Norges Bank bought a new stake in shares of Ollie’s Bargain Outlet in the 4th quarter worth approximately $59,215,000. Coldstream Capital Management Inc. purchased a new stake in shares of Ollie’s Bargain Outlet during the fourth quarter valued at $208,000. Wells Fargo & Company MN boosted its position in shares of Ollie’s Bargain Outlet by 8.2% in the 4th quarter. Wells Fargo & Company MN now owns 200,720 shares of the company’s stock valued at $15,233,000 after purchasing an additional 15,187 shares during the period. Quest Partners LLC purchased a new position in Ollie’s Bargain Outlet in the 4th quarter worth about $236,000. Finally, US Bancorp DE raised its holdings in Ollie’s Bargain Outlet by 3.6% during the 4th quarter. US Bancorp DE now owns 31,224 shares of the company’s stock worth $2,370,000 after buying an additional 1,082 shares during the period.

Analysts Set New Price Targets

Several research analysts have recently weighed in on OLLI shares. Morgan Stanley lifted their target price on shares of Ollie’s Bargain Outlet from $80.00 to $92.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 6th. Bank of America increased their target price on Ollie’s Bargain Outlet from $92.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, June 6th. JPMorgan Chase & Co. lowered their price target on Ollie’s Bargain Outlet from $113.00 to $105.00 and set an “overweight” rating on the stock in a report on Friday, August 30th. Craig Hallum increased their price objective on Ollie’s Bargain Outlet from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Thursday, June 6th. Finally, Wells Fargo & Company increased their price objective on Ollie’s Bargain Outlet from $85.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, June 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $103.33.

Ollie’s Bargain Outlet Stock Performance

NASDAQ:OLLI opened at $101.68 on Tuesday. The company has a market capitalization of $6.22 billion, a P/E ratio of 32.08, a P/E/G ratio of 2.48 and a beta of 0.84. The stock’s 50 day moving average price is $95.38 and its 200 day moving average price is $86.45. Ollie’s Bargain Outlet Holdings, Inc. has a 52 week low of $68.05 and a 52 week high of $104.98.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings results on Thursday, August 29th. The company reported $0.78 EPS for the quarter, hitting the consensus estimate of $0.78. Ollie’s Bargain Outlet had a net margin of 9.19% and a return on equity of 13.27%. The company had revenue of $578.38 million for the quarter, compared to analyst estimates of $561.60 million. During the same quarter in the prior year, the business posted $0.67 EPS. Ollie’s Bargain Outlet’s quarterly revenue was up 12.4% on a year-over-year basis. As a group, sell-side analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.28 earnings per share for the current fiscal year.

Insider Buying and Selling at Ollie’s Bargain Outlet

In other news, SVP James J. Comitale sold 2,153 shares of the company’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $104.17, for a total transaction of $224,278.01. Following the completion of the sale, the senior vice president now owns 2,732 shares in the company, valued at approximately $284,592.44. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, SVP James J. Comitale sold 2,153 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $104.17, for a total value of $224,278.01. Following the transaction, the senior vice president now directly owns 2,732 shares of the company’s stock, valued at approximately $284,592.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Kevin Mclain sold 15,000 shares of the company’s stock in a transaction that occurred 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 sale, the senior vice president now directly owns 10,610 shares of the company’s stock, valued at approximately $1,050,283.90. The disclosure for this sale can be found here. Corporate insiders own 0.87% of the company’s stock.

About Ollie’s Bargain Outlet

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.