Allianz Asset Management GmbH Reduces Holdings in Ollie's Bargain Outlet Holdings Inc (OLLI)

Allianz Asset Management GmbH reduced its position in Ollie's Bargain Outlet Holdings Inc (NASDAQ:OLLI) by 78.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,735 shares of the company’s stock after selling 111,165 shares during the quarter. Allianz Asset Management GmbH’s holdings in Ollie's Bargain Outlet were worth $1,380,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Teachers Advisors LLC grew its position in shares of Ollie's Bargain Outlet by 7.8% during the first quarter. Teachers Advisors LLC now owns 35,577 shares of the company’s stock worth $1,192,000 after buying an additional 2,578 shares in the last quarter. Sei Investments Co. boosted its holdings in Ollie's Bargain Outlet by 377.5% in the second quarter. Sei Investments Co. now owns 11,184 shares of the company’s stock valued at $476,000 after purchasing an additional 8,842 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in Ollie's Bargain Outlet by 31.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 199,683 shares of the company’s stock valued at $8,507,000 after purchasing an additional 48,299 shares in the last quarter. Arizona State Retirement System boosted its holdings in Ollie's Bargain Outlet by 1.2% in the second quarter. Arizona State Retirement System now owns 25,200 shares of the company’s stock valued at $1,074,000 after purchasing an additional 300 shares in the last quarter. Finally, Rhumbline Advisers boosted its holdings in Ollie's Bargain Outlet by 52.3% in the second quarter. Rhumbline Advisers now owns 90,358 shares of the company’s stock valued at $3,849,000 after purchasing an additional 31,025 shares in the last quarter. 89.66% of the stock is owned by institutional investors.

OLLI has been the subject of a number of research analyst reports. Zacks Investment Research raised Ollie's Bargain Outlet from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a report on Wednesday, August 30th. Royal Bank of Canada upped their price target on Ollie's Bargain Outlet from $47.00 to $49.00 and gave the company an “outperform” rating in a report on Wednesday, August 30th. Buckingham Research set a $41.00 price target on Ollie's Bargain Outlet and gave the company a “hold” rating in a report on Wednesday, August 30th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $47.00 price target (up from $46.00) on shares of Ollie's Bargain Outlet in a report on Thursday, August 31st. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $50.00 price target (up from $48.00) on shares of Ollie's Bargain Outlet in a report on Thursday, August 31st. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Ollie's Bargain Outlet presently has an average rating of “Buy” and a consensus price target of $50.54.

Shares of Ollie's Bargain Outlet Holdings Inc (OLLI) opened at $53.45 on Wednesday. The company has a quick ratio of 0.36, a current ratio of 2.53 and a debt-to-equity ratio of 0.16. Ollie's Bargain Outlet Holdings Inc has a 52 week low of $27.75 and a 52 week high of $53.85. The firm has a market capitalization of $3,280.15, a P/E ratio of 42.09, a price-to-earnings-growth ratio of 2.12 and a beta of 0.18.

Ollie's Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings data on Wednesday, December 6th. The company reported $0.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.01. Ollie's Bargain Outlet had a return on equity of 10.55% and a net margin of 8.17%. The company had revenue of $238.10 million during the quarter, compared to analysts’ expectations of $233.77 million. During the same quarter in the previous year, the business earned $0.17 earnings per share. The firm’s revenue for the quarter was up 17.9% on a year-over-year basis. equities research analysts expect that Ollie's Bargain Outlet Holdings Inc will post 1.21 EPS for the current year.

In other news, CEO Mark L. Butler sold 5,938 shares of the company’s stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $46.00, for a total transaction of $273,148.00. Following the completion of the sale, the chief executive officer now owns 4,509,395 shares in the company, valued at $207,432,170. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mark L. Butler sold 227,843 shares of the company’s stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $47.02, for a total value of $10,713,177.86. Following the sale, the chief executive officer now owns 4,356 shares of the company’s stock, valued at approximately $204,819.12. The disclosure for this sale can be found here. Insiders have sold 929,778 shares of company stock valued at $44,114,619 in the last 90 days. Company insiders own 22.25% of the company’s stock.

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About Ollie's Bargain Outlet

Ollie’s Bargain Outlet Holdings, Inc is a retailer of brand name merchandise. The Company offers customers a selection of brand name products, including food, housewares, books and stationery, bed and bath, floor coverings, electronics and toys. Its warehouse format stores feature a range of products, including hardware, personal healthcare, candy, clothing, sporting goods, pet and lawn and garden products.

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Institutional Ownership by Quarter for Ollie's Bargain Outlet (NASDAQ:OLLI)

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