Wellington Management Group LLP Sells 102,009 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Wellington Management Group LLP cut its stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 9.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 973,873 shares of the company’s stock after selling 102,009 shares during the quarter. Wellington Management Group LLP’s holdings in Ollie’s Bargain Outlet were worth $73,907,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Operose Advisors LLC bought a new stake in Ollie’s Bargain Outlet during the third quarter valued at approximately $26,000. Partnership Wealth Management LLC bought a new stake in Ollie’s Bargain Outlet during the fourth quarter valued at approximately $68,000. CWM LLC lifted its position in Ollie’s Bargain Outlet by 25.8% during the fourth quarter. CWM LLC now owns 1,741 shares of the company’s stock valued at $132,000 after purchasing an additional 357 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in Ollie’s Bargain Outlet during the third quarter valued at approximately $181,000. Finally, Shelton Capital Management bought a new stake in Ollie’s Bargain Outlet during the third quarter valued at approximately $205,000.

Wall Street Analyst Weigh In

OLLI has been the subject of a number of recent research reports. Loop Capital boosted their price objective on shares of Ollie’s Bargain Outlet from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, June 6th. Royal Bank of Canada boosted their price objective on shares of Ollie’s Bargain Outlet from $86.00 to $101.00 and gave the stock an “outperform” rating in a report on Thursday, June 6th. The Goldman Sachs Group boosted their price objective on shares of Ollie’s Bargain Outlet from $91.00 to $104.00 and gave the stock a “buy” rating in a report on Thursday, March 21st. Bank of America boosted their price objective on shares of Ollie’s Bargain Outlet from $92.00 to $102.00 and gave the stock a “buy” rating in a report on Thursday, June 6th. Finally, Wells Fargo & Company boosted their price objective on shares of Ollie’s Bargain Outlet from $85.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, June 6th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $100.09.

Ollie’s Bargain Outlet Stock Up 0.6 %

Shares of NASDAQ OLLI opened at $98.27 on Friday. Ollie’s Bargain Outlet Holdings, Inc. has a 52 week low of $57.31 and a 52 week high of $100.44. The firm’s fifty day moving average is $79.51 and its 200 day moving average is $76.38. The company has a market cap of $6.02 billion, a price-to-earnings ratio of 31.00, a PEG ratio of 2.62 and a beta of 0.82.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings data on Wednesday, June 5th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.08. The business had revenue of $508.82 million for the quarter, compared to the consensus estimate of $506.49 million. Ollie’s Bargain Outlet had a net margin of 9.14% and a return on equity of 13.22%. The company’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.49 EPS. Equities research analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.31 earnings per share for the current year.

Insider Buying and Selling at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, CEO John W. Swygert sold 11,756 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $75.22, for a total transaction of $884,286.32. Following the transaction, the chief executive officer now directly owns 48,200 shares of the company’s stock, valued at approximately $3,625,604. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Ollie’s Bargain Outlet news, CEO John W. Swygert sold 11,756 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $75.22, for a total transaction of $884,286.32. Following the transaction, the chief executive officer now directly owns 48,200 shares of the company’s stock, valued at approximately $3,625,604. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Kevin Mclain sold 11,340 shares of the company’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $85.75, for a total transaction of $972,405.00. Following the completion of the sale, the senior vice president now directly owns 10,610 shares in the company, valued at $909,807.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 50,055 shares of company stock valued at $4,083,045. 0.87% of the stock is currently owned by company insiders.

Ollie’s Bargain Outlet Company Profile

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.