Wellington Management Group LLP Purchases 630,298 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Wellington Management Group LLP increased its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLIFree Report) by 141.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,075,882 shares of the company’s stock after acquiring an additional 630,298 shares during the quarter. Wellington Management Group LLP owned about 1.75% of Ollie’s Bargain Outlet worth $83,037,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of OLLI. American Century Companies Inc. grew its position in Ollie’s Bargain Outlet by 7.5% in the 3rd quarter. American Century Companies Inc. now owns 665,520 shares of the company’s stock worth $51,365,000 after purchasing an additional 46,316 shares during the last quarter. Graham Capital Management L.P. grew its position in Ollie’s Bargain Outlet by 66.7% in the 3rd quarter. Graham Capital Management L.P. now owns 15,686 shares of the company’s stock worth $1,211,000 after purchasing an additional 6,278 shares during the last quarter. Comerica Bank acquired a new stake in Ollie’s Bargain Outlet in the 3rd quarter worth $2,753,000. Creative Planning acquired a new stake in Ollie’s Bargain Outlet in the 3rd quarter worth $46,000. Finally, VitalStone Financial LLC acquired a new stake in Ollie’s Bargain Outlet in the 3rd quarter worth $505,000.

Insiders Place Their Bets

In other Ollie’s Bargain Outlet news, CEO John W. Swygert sold 2,342 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $75.23, for a total value of $176,188.66. Following the completion of the transaction, the chief executive officer now directly owns 48,200 shares of the company’s stock, valued at $3,626,086. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CEO John W. Swygert sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $82.57, for a total transaction of $412,850.00. Following the completion of the sale, the chief executive officer now directly owns 48,200 shares of the company’s stock, valued at $3,979,874. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO John W. Swygert sold 2,342 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $75.23, for a total transaction of $176,188.66. Following the sale, the chief executive officer now directly owns 48,200 shares of the company’s stock, valued at $3,626,086. The disclosure for this sale can be found here. Insiders own 0.86% of the company’s stock.

Ollie’s Bargain Outlet Trading Up 1.4 %

Shares of NASDAQ OLLI opened at $75.00 on Tuesday. Ollie’s Bargain Outlet Holdings, Inc. has a 1-year low of $51.69 and a 1-year high of $84.38. The company has a market cap of $4.62 billion, a PE ratio of 29.53 and a beta of 0.76. The company has a 50-day moving average of $75.56 and a two-hundred day moving average of $75.38.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on OLLI. Royal Bank of Canada lifted their target price on shares of Ollie’s Bargain Outlet from $84.00 to $86.00 and gave the company an “outperform” rating in a research report on Thursday, December 7th. UBS Group lifted their target price on shares of Ollie’s Bargain Outlet from $92.00 to $95.00 and gave the company a “neutral” rating in a research report on Thursday, December 7th. TheStreet lowered shares of Ollie’s Bargain Outlet from a “b” rating to a “c+” rating in a research report on Thursday, December 14th. Finally, Truist Financial decreased their target price on shares of Ollie’s Bargain Outlet from $84.00 to $78.00 and set a “hold” rating on the stock in a research report on Thursday, December 21st. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $79.83.

Check Out Our Latest Stock Report on OLLI

About Ollie’s Bargain Outlet

(Free Report)

Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise in the United States. The company offers housewares, bed and bath, food, floor coverings, health and beauty aids, books and stationery, toys, and electronics; and other products, including hardware, candy, clothing, sporting goods, pet and lawn, and garden products.

See Also

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

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