Wellington Management Group LLP Has $46.95 Million Stock Holdings in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Wellington Management Group LLP boosted its stake in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 155.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 483,044 shares of the company's stock after acquiring an additional 294,217 shares during the period. Wellington Management Group LLP owned 0.79% of Ollie's Bargain Outlet worth $46,952,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Signaturefd LLC increased its stake in Ollie's Bargain Outlet by 6.4% during the 2nd quarter. Signaturefd LLC now owns 1,727 shares of the company's stock worth $170,000 after acquiring an additional 104 shares during the period. Trust Point Inc. increased its stake in Ollie's Bargain Outlet by 1.0% during the 3rd quarter. Trust Point Inc. now owns 13,184 shares of the company's stock worth $1,281,000 after acquiring an additional 134 shares during the period. FORA Capital LLC increased its stake in Ollie's Bargain Outlet by 3.2% during the 3rd quarter. FORA Capital LLC now owns 4,800 shares of the company's stock worth $467,000 after acquiring an additional 148 shares during the period. GAMMA Investing LLC increased its stake in Ollie's Bargain Outlet by 37.9% during the 3rd quarter. GAMMA Investing LLC now owns 651 shares of the company's stock worth $63,000 after acquiring an additional 179 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in Ollie's Bargain Outlet by 5.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,544 shares of the company's stock worth $344,000 after acquiring an additional 188 shares during the period.

Analysts Set New Price Targets

A number of equities analysts have commented on OLLI shares. Gordon Haskett upgraded Ollie's Bargain Outlet from an "accumulate" rating to a "buy" rating and raised their price objective for the stock from $105.00 to $107.00 in a research note on Monday, August 26th. Royal Bank of Canada lifted their price target on Ollie's Bargain Outlet from $120.00 to $130.00 and gave the company an "outperform" rating in a research note on Wednesday. Truist Financial lifted their price target on Ollie's Bargain Outlet from $109.00 to $121.00 and gave the company a "buy" rating in a research note on Wednesday. JPMorgan Chase & Co. lifted their price target on Ollie's Bargain Outlet from $105.00 to $135.00 and gave the company an "overweight" rating in a research note on Wednesday. Finally, Loop Capital lifted their price target on Ollie's Bargain Outlet from $110.00 to $120.00 and gave the company a "buy" rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $116.58.

Ollie's Bargain Outlet Price Performance

Shares of NASDAQ OLLI traded down $0.95 during mid-day trading on Thursday, hitting $112.56. 770,992 shares of the stock traded hands, compared to its average volume of 1,047,466. Ollie's Bargain Outlet Holdings, Inc. has a twelve month low of $68.05 and a twelve month high of $115.98. The company has a market cap of $6.91 billion, a PE ratio of 33.26, a price-to-earnings-growth ratio of 2.53 and a beta of 0.85. The firm has a 50 day simple moving average of $95.64 and a two-hundred day simple moving average of $94.83.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last released its quarterly earnings data on Tuesday, December 10th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.01. Ollie's Bargain Outlet had a return on equity of 13.27% and a net margin of 9.19%. The company had revenue of $517.43 million for the quarter, compared to the consensus estimate of $518.83 million. During the same quarter last year, the business posted $0.51 EPS. Ollie's Bargain Outlet's revenue for the quarter was up 7.8% on a year-over-year basis. On average, equities research analysts anticipate that Ollie's Bargain Outlet Holdings, Inc. will post 3.27 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Ollie's Bargain Outlet news, CFO Robert F. Helm sold 2,401 shares of Ollie's Bargain Outlet stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $94.68, for a total transaction of $227,326.68. Following the transaction, the chief financial officer now directly owns 2,021 shares of the company's stock, valued at approximately $191,348.28. The trade was a 54.30 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Kevin Mclain sold 15,000 shares of Ollie's Bargain Outlet stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $98.99, for a total value of $1,484,850.00. Following the transaction, the senior vice president now directly owns 10,610 shares in the company, valued at $1,050,283.90. The trade was a 58.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 36,112 shares of company stock valued at $3,614,366. 0.87% of the stock is currently owned by company insiders.

Ollie's Bargain Outlet 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.