Mirae Asset Global Investments Co. Ltd. Sells 16,895 Shares of Ollie’s Bargain Outlet Holdings Inc (OLLI)

Mirae Asset Global Investments Co. Ltd. decreased its holdings in shares of Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) by 7.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 213,866 shares of the company’s stock after selling 16,895 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 0.34% of Ollie’s Bargain Outlet worth $20,552,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of OLLI. Harvest Fund Management Co. Ltd lifted its holdings in Ollie’s Bargain Outlet by 290.0% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 1,568 shares of the company’s stock worth $151,000 after buying an additional 1,166 shares in the last quarter. Parallel Advisors LLC lifted its holdings in Ollie’s Bargain Outlet by 414.7% in the 3rd quarter. Parallel Advisors LLC now owns 1,750 shares of the company’s stock worth $168,000 after buying an additional 1,410 shares in the last quarter. Norris Perne & French LLP MI acquired a new position in Ollie’s Bargain Outlet in the 3rd quarter worth $203,000. CIBC Asset Management Inc acquired a new position in Ollie’s Bargain Outlet in the 3rd quarter worth $216,000. Finally, Forward Management LLC acquired a new position in Ollie’s Bargain Outlet in the 3rd quarter worth $217,000. Institutional investors and hedge funds own 86.52% of the company’s stock.

A number of equities analysts have commented on the stock. BidaskClub upgraded shares of Ollie’s Bargain Outlet from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 3rd. Zacks Investment Research upgraded shares of Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and set a $99.00 price objective on the stock in a report on Monday, September 10th. MKM Partners boosted their price objective on shares of Ollie’s Bargain Outlet from $80.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday, September 5th. Royal Bank of Canada boosted their price objective on shares of Ollie’s Bargain Outlet to $95.00 and gave the stock an “outperform” rating in a report on Thursday, September 6th. Finally, Buckingham Research boosted their price objective on shares of Ollie’s Bargain Outlet from $75.00 to $90.00 and gave the stock a “neutral” rating in a report on Thursday, September 6th. Seven analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $88.25.

In other news, COO John W. Swygert sold 48,000 shares of the business’s stock in a transaction dated Monday, November 19th. The shares were sold at an average price of $88.84, for a total value of $4,264,320.00. Following the completion of the sale, the chief operating officer now owns 77,193 shares of the company’s stock, valued at approximately $6,857,826.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jay Stasz sold 5,337 shares of the business’s stock in a transaction dated Thursday, September 13th. The stock was sold at an average price of $91.16, for a total transaction of $486,520.92. Following the completion of the sale, the chief financial officer now directly owns 12,733 shares of the company’s stock, valued at approximately $1,160,740.28. The disclosure for this sale can be found here. Insiders sold a total of 425,337 shares of company stock valued at $38,781,701 in the last three months. Insiders own 20.27% of the company’s stock.

OLLI opened at $88.70 on Friday. The stock has a market capitalization of $5.63 billion, a PE ratio of 70.96, a P/E/G ratio of 2.04 and a beta of 0.37. Ollie’s Bargain Outlet Holdings Inc has a 1-year low of $45.15 and a 1-year high of $97.61. The company has a quick ratio of 0.31, a current ratio of 2.51 and a debt-to-equity ratio of 0.01.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its earnings results on Wednesday, September 5th. The company reported $0.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.04. The company had revenue of $288.10 million during the quarter, compared to the consensus estimate of $284.19 million. Ollie’s Bargain Outlet had a net margin of 12.88% and a return on equity of 12.48%. The company’s revenue was up 13.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.27 EPS. On average, equities analysts expect that Ollie’s Bargain Outlet Holdings Inc will post 1.76 EPS for the current year.

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Ollie’s Bargain Outlet Profile

Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise. The company offers food products, housewares, books and stationery, bed and bath products, floor coverings, electronics, and toys; and other products, including hardware, personal health care, candy, clothing, sporting, 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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