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

Canandaigua National Bank & Trust Co. bought a new position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,260 shares of the company’s stock, valued at approximately $248,000.

Several other large investors have also recently added to or reduced their stakes in OLLI. Royce & Associates LP lifted its holdings in shares of Ollie’s Bargain Outlet by 161.6% during the 3rd quarter. Royce & Associates LP now owns 75,605 shares of the company’s stock valued at $7,349,000 after purchasing an additional 46,706 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Ollie’s Bargain Outlet by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 753,658 shares of the company’s stock worth $73,256,000 after acquiring an additional 5,438 shares during the period. Fred Alger Management LLC grew its stake in Ollie’s Bargain Outlet by 12.1% during the third quarter. Fred Alger Management LLC now owns 772,145 shares of the company’s stock worth $75,052,000 after buying an additional 83,063 shares in the last quarter. Hancock Whitney Corp acquired a new stake in shares of Ollie’s Bargain Outlet during the 3rd quarter worth approximately $988,000. Finally, D. E. Shaw & Co. Inc. increased its stake in shares of Ollie’s Bargain Outlet by 953.2% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 566,738 shares of the company’s stock valued at $55,637,000 after purchasing an additional 512,928 shares during the last quarter.

Ollie’s Bargain Outlet Trading Down 2.5 %

Shares of NASDAQ OLLI opened at $103.50 on Wednesday. Ollie’s Bargain Outlet Holdings, Inc. has a 12-month low of $68.05 and a 12-month high of $120.03. The firm has a 50 day moving average of $103.10 and a 200 day moving average of $98.40. The firm has a market capitalization of $6.34 billion, a price-to-earnings ratio of 30.90, a price-to-earnings-growth ratio of 2.79 and a beta of 0.82.

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

Insider Buying and Selling at Ollie’s Bargain Outlet

In related 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 directly owns 48,200 shares in the company, valued at $4,942,428. The trade was a 4.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Thomas Hendrickson sold 6,250 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $114.74, for a total transaction of $717,125.00. The disclosure for this sale can be found here. Insiders have sold a total of 90,172 shares of company stock worth $9,878,158 over the last ninety days. Company insiders own 0.87% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on OLLI. Citigroup upgraded Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and boosted their price target for the stock from $64.00 to $133.00 in a report on Wednesday, December 18th. Craig Hallum lifted their price objective on Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Wells Fargo & Company increased their target price on shares of Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 11th. Loop Capital raised their price objective on Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Finally, Bank of America boosted their target price on shares of Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $118.62.

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.