Canandaigua National Bank & Trust Co. Acquires Shares of 2,260 Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Canandaigua National Bank & Trust Co. acquired a new stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,260 shares of the company’s stock, valued at approximately $248,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Commonwealth Equity Services LLC increased its position in shares of Ollie’s Bargain Outlet by 6.1% in the 2nd quarter. Commonwealth Equity Services LLC now owns 7,574 shares of the company’s stock valued at $744,000 after purchasing an additional 433 shares during the last quarter. National Bank of Canada FI lifted its holdings in Ollie’s Bargain Outlet by 1,058.1% during the 2nd quarter. National Bank of Canada FI now owns 2,571 shares of the company’s stock worth $253,000 after buying an additional 2,349 shares during the last quarter. Arizona State Retirement System boosted its position in shares of Ollie’s Bargain Outlet by 1.5% during the 2nd quarter. Arizona State Retirement System now owns 17,180 shares of the company’s stock worth $1,687,000 after acquiring an additional 253 shares in the last quarter. Cullen Frost Bankers Inc. increased its holdings in shares of Ollie’s Bargain Outlet by 56.3% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 2,312 shares of the company’s stock valued at $227,000 after acquiring an additional 833 shares during the last quarter. Finally, MGO One Seven LLC lifted its stake in Ollie’s Bargain Outlet by 8.9% during the second quarter. MGO One Seven LLC now owns 14,182 shares of the company’s stock worth $1,392,000 after purchasing an additional 1,154 shares during the last quarter.

Insider Activity

In other Ollie’s Bargain Outlet news, CEO John W. Swygert sold 2,400 shares of Ollie’s Bargain Outlet stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $102.54, for a total value of $246,096.00. Following the completion of the sale, the chief executive officer now owns 48,200 shares in the company, valued at $4,942,428. The trade was a 4.74 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Larry Kraus sold 10,646 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $115.58, for a total transaction of $1,230,464.68. Following the completion of the sale, the senior vice president now directly owns 1,905 shares in the company, valued at $220,179.90. This represents a 84.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 90,172 shares of company stock valued at $9,878,158 over the last quarter. Company insiders own 0.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Piper Sandler increased their target price 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, December 11th. Royal Bank of Canada reissued an “outperform” rating and issued a $130.00 target price on shares of Ollie’s Bargain Outlet in a report on Monday, December 23rd. Citigroup upgraded Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and raised their price target for the stock from $64.00 to $133.00 in a research note on Wednesday, December 18th. Wells Fargo & Company lifted their target price on shares of Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the company an “equal weight” rating in a report on Wednesday, December 11th. Finally, Bank of America increased their price target on shares of Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Ollie’s Bargain Outlet has a consensus rating of “Moderate Buy” and an average price target of $118.62.

Ollie’s Bargain Outlet Stock Performance

OLLI stock opened at $103.50 on Wednesday. The stock’s 50 day moving average price is $103.10 and its 200 day moving average price is $98.40. The firm has a market cap of $6.34 billion, a P/E ratio of 30.90, a PEG ratio of 2.79 and a beta of 0.82. Ollie’s Bargain Outlet Holdings, Inc. has a 1 year low of $68.05 and a 1 year high of $120.03.

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

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.