Wellington Management Group LLP Has $25.19 Million Position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Wellington Management Group LLP reduced its holdings in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 52.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 229,542 shares of the company's stock after selling 253,502 shares during the quarter. Wellington Management Group LLP owned about 0.37% of Ollie's Bargain Outlet worth $25,188,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of OLLI. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Ollie's Bargain Outlet by 489.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 230 shares of the company's stock worth $25,000 after purchasing an additional 191 shares in the last quarter. Wilmington Savings Fund Society FSB lifted its stake in shares of Ollie's Bargain Outlet by 337.0% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company's stock valued at $26,000 after purchasing an additional 182 shares during the period. Bogart Wealth LLC purchased a new stake in Ollie's Bargain Outlet during the fourth quarter worth about $26,000. Blue Trust Inc. grew its position in Ollie's Bargain Outlet by 55.2% during the fourth quarter. Blue Trust Inc. now owns 284 shares of the company's stock worth $31,000 after buying an additional 101 shares during the period. Finally, Brown Brothers Harriman & Co. purchased a new position in Ollie's Bargain Outlet in the fourth quarter valued at about $33,000.

Insider Transactions at Ollie's Bargain Outlet

In related news, CFO Robert F. Helm sold 312 shares of Ollie's Bargain Outlet stock in a transaction on Monday, April 7th. The stock was sold at an average price of $107.17, for a total value of $33,437.04. Following the transaction, the chief financial officer now directly owns 3,273 shares in the company, valued at $350,767.41. The trade was a 8.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman John W. Swygert sold 6,526 shares of the company's stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $107.87, for a total value of $703,959.62. Following the sale, the chairman now directly owns 53,432 shares of the company's stock, valued at approximately $5,763,709.84. This represents a 10.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,897 shares of company stock valued at $4,227,970. Corporate insiders own 0.75% of the company's stock.

Ollie's Bargain Outlet Price Performance

OLLI stock traded up $3.87 on Wednesday, reaching $113.78. The company's stock had a trading volume of 830,157 shares, compared to its average volume of 1,183,195. The firm has a fifty day moving average of $111.57 and a two-hundred day moving average of $107.75. The company has a market capitalization of $6.99 billion, a P/E ratio of 33.96, a price-to-earnings-growth ratio of 2.21 and a beta of 0.45. Ollie's Bargain Outlet Holdings, Inc. has a 52 week low of $81.15 and a 52 week high of $122.15.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last posted its quarterly earnings data on Tuesday, June 3rd. The company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.05. Ollie's Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. The business had revenue of $576.77 million during the quarter, compared to the consensus estimate of $565.04 million. During the same quarter in the prior year, the company posted $0.73 earnings per share. The company's quarterly revenue was up 13.4% compared to the same quarter last year. As a group, equities analysts expect that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on OLLI. Wall Street Zen raised Ollie's Bargain Outlet from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. KeyCorp reaffirmed an "overweight" rating and set a $135.00 price target on shares of Ollie's Bargain Outlet in a research note on Wednesday. Piper Sandler lowered their price objective on shares of Ollie's Bargain Outlet from $126.00 to $124.00 and set an "overweight" rating on the stock in a research note on Thursday, March 20th. Morgan Stanley lifted their target price on shares of Ollie's Bargain Outlet from $108.00 to $118.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 20th. Finally, UBS Group boosted their price target on Ollie's Bargain Outlet from $117.00 to $123.00 and gave the stock a "neutral" rating in a report on Thursday, March 20th. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $124.07.

About Ollie's Bargain Outlet

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.