M&T Bank Corp Sells 11,713 Shares of Ollie’s Bargain Outlet Holdings, Inc. $OLLI

M&T Bank Corp lowered its holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 53.2% in the fourth quarter, Holdings Channel reports. The firm owned 10,299 shares of the company’s stock after selling 11,713 shares during the quarter. M&T Bank Corp’s holdings in Ollie’s Bargain Outlet were worth $1,129,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Pembroke Management LTD increased its holdings in shares of Ollie’s Bargain Outlet by 9.7% in the 3rd quarter. Pembroke Management LTD now owns 101,061 shares of the company’s stock worth $12,976,000 after buying an additional 8,942 shares during the last quarter. New York State Common Retirement Fund increased its holdings in shares of Ollie’s Bargain Outlet by 63.9% in the 3rd quarter. New York State Common Retirement Fund now owns 104,385 shares of the company’s stock worth $13,403,000 after buying an additional 40,705 shares during the last quarter. GSA Capital Partners LLP purchased a new position in shares of Ollie’s Bargain Outlet during the 3rd quarter worth about $1,672,000. Braun Stacey Associates Inc. boosted its stake in shares of Ollie’s Bargain Outlet by 5.6% during the 4th quarter. Braun Stacey Associates Inc. now owns 233,613 shares of the company’s stock worth $25,606,000 after purchasing an additional 12,377 shares during the period. Finally, Rheos Capital Works Inc. boosted its stake in shares of Ollie’s Bargain Outlet by 10.4% during the 3rd quarter. Rheos Capital Works Inc. now owns 213,000 shares of the company’s stock worth $27,349,000 after purchasing an additional 20,000 shares during the period.

Analyst Ratings Changes

OLLI has been the subject of a number of recent analyst reports. Morgan Stanley dropped their price target on shares of Ollie’s Bargain Outlet from $130.00 to $120.00 and set an “equal weight” rating for the company in a research note on Friday, March 13th. UBS Group set a $125.00 price target on shares of Ollie’s Bargain Outlet in a research note on Monday, March 16th. Truist Financial set a $135.00 price target on shares of Ollie’s Bargain Outlet in a research note on Friday, March 13th. JPMorgan Chase & Co. dropped their price target on shares of Ollie’s Bargain Outlet from $163.00 to $152.00 and set an “overweight” rating for the company in a research note on Monday, April 13th. Finally, Jefferies Financial Group raised shares of Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and lifted their price target for the stock from $120.00 to $130.00 in a research note on Thursday, April 2nd. Thirteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Ollie’s Bargain Outlet presently has a consensus rating of “Moderate Buy” and a consensus target price of $140.50.

Ollie’s Bargain Outlet Price Performance

Ollie’s Bargain Outlet stock opened at $86.51 on Friday. The stock has a market cap of $5.27 billion, a price-to-earnings ratio of 22.18, a price-to-earnings-growth ratio of 1.50 and a beta of 0.59. Ollie’s Bargain Outlet Holdings, Inc. has a 1 year low of $84.81 and a 1 year high of $141.74. The firm has a 50-day moving average of $97.74 and a two-hundred day moving average of $110.34.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings data on Thursday, March 12th. The company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.01. The company had revenue of $779.26 million during the quarter, compared to analysts’ expectations of $783.72 million. Ollie’s Bargain Outlet had a net margin of 9.08% and a return on equity of 13.18%. The firm’s quarterly revenue was up 16.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.19 EPS. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.400-4.500 EPS. Research analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 4.48 earnings per share for the current year.

Insider Transactions at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, Chairman John W. Swygert sold 3,330 shares of the business’s stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of $95.80, for a total value of $319,014.00. Following the completion of the sale, the chairman directly owned 48,200 shares of the company’s stock, valued at $4,617,560. The trade was a 6.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 13,585 shares of company stock valued at $1,275,398. 0.75% of the stock is owned by insiders.

Ollie’s Bargain Outlet Profile

Ollie’s Bargain Outlet is an American discount retailer specializing in closeout merchandise and surplus inventory across a broad range of categories. The company operates a no-frills retail format that offers branded and private-label products at significant markdowns. Its merchandise mix typically includes housewares, electronics, health and beauty items, food products, beauty supplies, books, toys, and seasonal goods.

Founded in 1982 by Oliver E. “Ollie” Rosenberg, the company is headquartered in Harrisburg, Pennsylvania.