Amalgamated Bank Sells 5,262 Shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Amalgamated Bank cut its stake in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 15.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,201 shares of the company's stock after selling 5,262 shares during the quarter. Amalgamated Bank's holdings in Ollie's Bargain Outlet were worth $2,838,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of OLLI. International Assets Investment Management LLC bought a new position in Ollie's Bargain Outlet during the second quarter worth $25,000. Opal Wealth Advisors LLC acquired a new position in Ollie's Bargain Outlet during the second quarter worth $31,000. Crewe Advisors LLC acquired a new position in Ollie's Bargain Outlet during the second quarter worth $36,000. Versant Capital Management Inc acquired a new position in Ollie's Bargain Outlet during the second quarter worth $38,000. Finally, GAMMA Investing LLC raised its holdings in Ollie's Bargain Outlet by 686.7% during the second quarter. GAMMA Investing LLC now owns 472 shares of the company's stock worth $46,000 after buying an additional 412 shares during the last quarter.

Insiders Place Their Bets

In other Ollie's Bargain Outlet news, CFO Robert F. Helm sold 2,401 shares of the stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $94.68, for a total transaction of $227,326.68. Following the completion of the transaction, the chief financial officer now owns 2,021 shares in the company, valued at $191,348.28. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, SVP Kevin Mclain sold 15,000 shares of the firm's stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $98.99, for a total value of $1,484,850.00. Following the completion of the transaction, the senior vice president now directly owns 10,610 shares in the company, valued at approximately $1,050,283.90. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Robert F. Helm sold 2,401 shares of the firm's stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $94.68, for a total transaction of $227,326.68. Following the completion of the transaction, the chief financial officer now owns 2,021 shares of the company's stock, valued at $191,348.28. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 24,880 shares of company stock worth $2,462,470 over the last quarter. 0.87% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have weighed in on OLLI shares. Gordon Haskett upgraded shares of Ollie's Bargain Outlet from an "accumulate" rating to a "buy" rating and upped their price objective for the stock from $105.00 to $107.00 in a report on Monday, August 26th. Royal Bank of Canada upped their price objective on shares of Ollie's Bargain Outlet from $100.00 to $106.00 and gave the stock an "outperform" rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. lowered their target price on shares of Ollie's Bargain Outlet from $113.00 to $105.00 and set an "overweight" rating for the company in a report on Friday, August 30th. Bank of America increased their target price on shares of Ollie's Bargain Outlet from $102.00 to $115.00 and gave the company a "buy" rating in a report on Monday, September 30th. Finally, StockNews.com downgraded shares of Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $104.92.

Ollie's Bargain Outlet Stock Down 0.9 %

NASDAQ OLLI traded down $0.90 during trading hours on Monday, reaching $98.10. 962,450 shares of the company were exchanged, compared to its average volume of 1,027,086. Ollie's Bargain Outlet Holdings, Inc. has a 1 year low of $68.05 and a 1 year high of $104.98. The business's 50 day simple moving average is $94.99 and its 200-day simple moving average is $91.49. The stock has a market capitalization of $6.02 billion, a P/E ratio of 29.91, a P/E/G ratio of 2.46 and a beta of 0.84.

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

Ollie's Bargain Outlet Profile

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.