Amalgamated Bank Has $3.36 Million Stock Holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Amalgamated Bank raised its stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 5.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 44,230 shares of the company’s stock after purchasing an additional 2,401 shares during the quarter. Amalgamated Bank owned 0.07% of Ollie’s Bargain Outlet worth $3,357,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Wellington Management Group LLP grew its position in Ollie’s Bargain Outlet by 141.5% in the third quarter. Wellington Management Group LLP now owns 1,075,882 shares of the company’s stock valued at $83,037,000 after acquiring an additional 630,298 shares during the period. Invesco Ltd. lifted its holdings in Ollie’s Bargain Outlet by 76.1% during the 3rd quarter. Invesco Ltd. now owns 831,522 shares of the company’s stock valued at $64,177,000 after purchasing an additional 359,371 shares during the last quarter. AQR Capital Management LLC boosted its position in Ollie’s Bargain Outlet by 334.7% in the third quarter. AQR Capital Management LLC now owns 305,060 shares of the company’s stock valued at $23,444,000 after buying an additional 234,886 shares in the last quarter. Jennison Associates LLC bought a new stake in Ollie’s Bargain Outlet during the fourth quarter worth about $10,498,000. Finally, Lisanti Capital Growth LLC increased its holdings in shares of Ollie’s Bargain Outlet by 296.5% during the third quarter. Lisanti Capital Growth LLC now owns 110,255 shares of the company’s stock worth $8,509,000 after buying an additional 82,445 shares in the last quarter.

Wall Street Analyst Weigh In

Several research analysts have recently commented on OLLI shares. JPMorgan Chase & Co. reduced their target price on Ollie’s Bargain Outlet from $88.00 to $85.00 and set a “neutral” rating on the stock in a report on Thursday, March 21st. Bank of America initiated coverage on Ollie’s Bargain Outlet in a research note on Monday. They issued a “buy” rating and a $92.00 price objective on the stock. Loop Capital upgraded Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and increased their target price for the stock from $80.00 to $90.00 in a report on Friday, April 5th. Craig Hallum lifted their price target on Ollie’s Bargain Outlet from $98.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, March 21st. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $86.00 price objective on shares of Ollie’s Bargain Outlet in a report on Thursday, March 21st. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $87.08.

Insider Transactions at Ollie’s Bargain Outlet

In related news, CEO John W. Swygert sold 5,000 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $82.57, for a total transaction of $412,850.00. Following the transaction, the chief executive officer now owns 48,200 shares of the company’s stock, valued at approximately $3,979,874. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Ollie’s Bargain Outlet news, CEO John W. Swygert sold 5,000 shares of Ollie’s Bargain Outlet stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $82.57, for a total transaction of $412,850.00. Following the transaction, the chief executive officer now directly owns 48,200 shares in the company, valued at $3,979,874. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO John W. Swygert sold 11,756 shares of the stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $75.22, for a total value of $884,286.32. Following the completion of the sale, the chief executive officer now owns 48,200 shares of the company’s stock, valued at $3,625,604. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,341 shares of company stock worth $2,097,938. 0.87% of the stock is currently owned by company insiders.

Ollie’s Bargain Outlet Price Performance

Shares of NASDAQ OLLI opened at $78.72 on Friday. The company’s 50 day simple moving average is $74.95 and its 200 day simple moving average is $75.28. Ollie’s Bargain Outlet Holdings, Inc. has a fifty-two week low of $52.93 and a fifty-two week high of $84.38. The firm has a market capitalization of $4.82 billion, a P/E ratio of 26.96 and a beta of 0.76.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings results on Wednesday, March 20th. The company reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.07. The company had revenue of $648.90 million for the quarter, compared to the consensus estimate of $649.39 million. Ollie’s Bargain Outlet had a return on equity of 12.55% and a net margin of 8.63%. The firm’s quarterly revenue was up 18.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.84 EPS. Sell-side analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.19 EPS for the current fiscal 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.