Bank of New York Mellon Corp Acquires 437,397 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Bank of New York Mellon Corp lifted its holdings in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI – Get Rating) by 21.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,518,593 shares of the company’s stock after purchasing an additional 437,397 shares during the period. Bank of New York Mellon Corp owned about 4.05% of Ollie’s Bargain Outlet worth $129,961,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Franklin Resources Inc. raised its stake in shares of Ollie’s Bargain Outlet by 1.4% during the 2nd quarter. Franklin Resources Inc. now owns 11,525 shares of the company’s stock worth $677,000 after purchasing an additional 155 shares during the period. Formidable Asset Management LLC raised its stake in shares of Ollie’s Bargain Outlet by 2.4% during the 3rd quarter. Formidable Asset Management LLC now owns 10,525 shares of the company’s stock worth $543,000 after purchasing an additional 250 shares during the period. Quadrant Capital Group LLC increased its holdings in Ollie’s Bargain Outlet by 34.3% in the 3rd quarter. Quadrant Capital Group LLC now owns 1,111 shares of the company’s stock worth $57,000 after acquiring an additional 284 shares during the last quarter. Commerce Bank increased its holdings in Ollie’s Bargain Outlet by 5.8% in the 2nd quarter. Commerce Bank now owns 6,321 shares of the company’s stock worth $371,000 after acquiring an additional 344 shares during the last quarter. Finally, Treasurer of the State of North Carolina increased its holdings in Ollie’s Bargain Outlet by 1.3% in the 3rd quarter. Treasurer of the State of North Carolina now owns 26,745 shares of the company’s stock worth $1,380,000 after acquiring an additional 350 shares during the last quarter.

Analyst Ratings Changes

Several brokerages recently weighed in on OLLI. Truist Financial decreased their price objective on Ollie’s Bargain Outlet from $50.00 to $46.00 in a report on Thursday, December 8th. Loop Capital decreased their price objective on Ollie’s Bargain Outlet from $50.00 to $45.00 in a report on Thursday, December 8th. UBS Group decreased their price objective on Ollie’s Bargain Outlet to $54.00 in a report on Monday, December 12th. Jefferies Financial Group decreased their price objective on Ollie’s Bargain Outlet from $65.00 to $60.00 in a report on Thursday, December 8th. Finally, StockNews.com raised Ollie’s Bargain Outlet from a “sell” rating to a “hold” rating in a report on Wednesday. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Ollie’s Bargain Outlet currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.67.

Ollie’s Bargain Outlet Trading Down 0.6 %

Shares of OLLI opened at $51.94 on Friday. The company has a market cap of $3.23 billion, a PE ratio of 34.63, a price-to-earnings-growth ratio of 1.84 and a beta of 0.96. The stock has a 50-day moving average price of $55.16 and a 200-day moving average price of $54.57. Ollie’s Bargain Outlet Holdings, Inc. has a 12-month low of $39.60 and a 12-month high of $72.27.

About Ollie’s Bargain Outlet

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Ollie’s Bargain Outlet Holdings, Inc is a holding company, which engages in the retail of closeouts, excess inventory, and salvage merchandise. It offers overstocks, package changes, manufacturer refurbished goods, and irregulars. The company’s products include housewares, food, books and stationery, bed and bath, floor coverings, electronics and toys.