Allianz Asset Management GmbH Sells 47,481 Shares of Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI)

Allianz Asset Management GmbH lowered its holdings in shares of Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) by 38.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 74,562 shares of the company’s stock after selling 47,481 shares during the period. Allianz Asset Management GmbH owned 0.12% of Ollie’s Bargain Outlet worth $6,495,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Optimum Investment Advisors purchased a new position in Ollie’s Bargain Outlet during the 2nd quarter worth $26,000. Intercontinental Wealth Advisors LLC purchased a new position in Ollie’s Bargain Outlet during the 2nd quarter worth $39,000. Steward Partners Investment Advisory LLC purchased a new position in Ollie’s Bargain Outlet during the 2nd quarter worth $58,000. Manchester Capital Management LLC purchased a new position in Ollie’s Bargain Outlet during the 1st quarter worth $69,000. Finally, FNY Investment Advisers LLC purchased a new position in Ollie’s Bargain Outlet during the 2nd quarter worth $81,000. Hedge funds and other institutional investors own 92.49% of the company’s stock.

Ollie’s Bargain Outlet stock opened at $63.02 on Friday. Ollie’s Bargain Outlet Holdings Inc has a 12 month low of $54.27 and a 12 month high of $103.03. The company has a market cap of $4.08 billion, a PE ratio of 34.44, a P/E/G ratio of 1.55 and a beta of 0.87. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.13 and a quick ratio of 0.41. The company has a fifty day moving average price of $74.53 and a two-hundred day moving average price of $86.43.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.11). Ollie’s Bargain Outlet had a net margin of 10.37% and a return on equity of 12.67%. The firm had revenue of $333.90 million for the quarter, compared to analyst estimates of $339.83 million. During the same period last year, the firm posted $0.40 EPS. The business’s revenue was up 15.9% compared to the same quarter last year. Equities research analysts anticipate that Ollie’s Bargain Outlet Holdings Inc will post 1.97 earnings per share for the current year.

In related news, SVP Omar Segura sold 10,000 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $87.45, for a total value of $874,500.00. Following the completion of the sale, the senior vice president now owns 10,000 shares of the company’s stock, valued at $874,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 16.36% of the company’s stock.

A number of equities analysts have recently issued reports on the stock. Bank of America cut their price target on shares of Ollie’s Bargain Outlet from $110.00 to $75.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Loop Capital lowered their price objective on shares of Ollie’s Bargain Outlet to $75.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Credit Suisse Group reissued an “outperform” rating and issued a $78.00 price objective (down from $103.00) on shares of Ollie’s Bargain Outlet in a research note on Thursday, August 29th. KeyCorp decreased their price target on shares of Ollie’s Bargain Outlet from $110.00 to $90.00 and set an “overweight” rating on the stock in a research note on Thursday, August 29th. Finally, Craig Hallum began coverage on shares of Ollie’s Bargain Outlet in a research note on Wednesday. They set a “buy” rating and a $94.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. Ollie’s Bargain Outlet currently has a consensus rating of “Hold” and a consensus target price of $79.83.

Ollie’s Bargain Outlet Company 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, health and beauty 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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