BlackRock Amends Ollie's Bargain Outlet Stake to 12.0%
Ticker: OLLI · Form: SC 13G/A · Filed: 2024-01-25T00:00:00.000Z
Sentiment: neutral
Topics: institutional-ownership, amendment, retail
TL;DR
**BlackRock still owns a big chunk of Ollie's, showing continued institutional confidence.**
AI Summary
BlackRock, Inc. filed an amended SC 13G/A on January 25, 2024, disclosing its ownership in Ollie's Bargain Outlet Holdings, Inc. As of December 31, 2023, BlackRock reported beneficial ownership of 7,377,740 shares of common stock, representing 12.0% of the company's outstanding shares. This is an amendment (Amendment No. 9), indicating a change from their previous filing, and it matters to investors because BlackRock is a major institutional investor, and changes in their holdings can signal their confidence (or lack thereof) in the stock's future performance.
Why It Matters
This filing shows BlackRock's updated position in Ollie's Bargain Outlet, indicating their continued significant investment in the company, which can influence other investors' perceptions and decisions.
Risk Assessment
Risk Level: low — This filing is a routine update from a major institutional investor and does not indicate any immediate significant risk to the company or its stock.
Analyst Insight
Investors should note BlackRock's continued substantial stake, as it signals institutional confidence, but this filing alone doesn't suggest an immediate buy or sell action. It's a data point for long-term conviction.
Key Numbers
- 7,377,740 — Shares Beneficially Owned (This is the total number of Ollie's Bargain Outlet shares BlackRock reported owning as of December 31, 2023.)
- 12.0% — Percentage of Class (This represents BlackRock's significant ownership stake in Ollie's Bargain Outlet, indicating a major institutional position.)
Key Players & Entities
- BlackRock, Inc. (company) — the reporting person and institutional investor
- Ollie's Bargain Outlet Holdings, Inc. (company) — the subject company whose shares are being reported
- 7,377,740 (dollar_amount) — number of shares beneficially owned by BlackRock
- 12.0% (dollar_amount) — percentage of common stock beneficially owned by BlackRock
- December 31, 2023 (date) — the date of the event requiring the filing
- January 25, 2024 (date) — the filing date of the SC 13G/A
Forward-Looking Statements
- BlackRock will likely maintain a significant stake in Ollie's Bargain Outlet Holdings, Inc. for the foreseeable future. (BlackRock, Inc.) — high confidence, target: December 31, 2024
FAQ
Who filed this SC 13G/A amendment?
BlackRock, Inc. filed this SC 13G/A amendment regarding its holdings in Ollie's Bargain Outlet Holdings, Inc.
What is the purpose of an SC 13G/A filing?
An SC 13G/A is an amendment to a Schedule 13G, which is filed by institutional investors who acquire more than 5% of a company's stock but do not intend to influence or control the company. The '/A' indicates it's an amendment to a previously filed statement, updating the ownership information.
As of what date is the ownership information in this filing accurate?
The ownership information in this filing is accurate as of December 31, 2023, which is stated as the 'Date of Event Which Requires Filing of this Statement'.
How many shares of Ollie's Bargain Outlet Holdings, Inc. does BlackRock, Inc. beneficially own according to this filing?
BlackRock, Inc. beneficially owns 7,377,740 shares of Common Stock of Ollie's Bargain Outlet Holdings, Inc. as reported in this filing.
What percentage of Ollie's Bargain Outlet Holdings, Inc.'s common stock does BlackRock, Inc. own?
BlackRock, Inc. owns 12.0% of the Common Stock of Ollie's Bargain Outlet Holdings, Inc. according to this SC 13G/A filing.
From the Filing
EDGAR Filing Documents for 0001086364-24-003218 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0001086364-24-003218 Filing Date 2024-01-25 Accepted 2024-01-25 13:48:48 Documents 1 Document Format Files Seq Description Document Type Size 1 us6811161099_012524.txt SC 13G/A 11911 Complete submission text file 0001086364-24-003218.txt 13736 Mailing Address 50 HUDSON YARDS NEW YORK NY 10001 Business Address 50 HUDSON YARDS NEW YORK NY 10001 212-810-5300 BlackRock Inc. (Filed by) CIK : 0001364742 (see all company filings) EIN. : 320174431 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A SIC : 6211 Security Brokers, Dealers & Flotation Companies (CF Office: 02 Finance) Mailing Address 6295 ALLENTOWN BOULEVARD, SUITE 1 HARRISBURG PA 17112 Business Address 6295 ALLENTOWN BOULEVARD, SUITE 1 HARRISBURG PA 17112 717 657-2300 Ollies Bargain Outlet Holdings, Inc. (Subject) CIK : 0001639300 (see all company filings) EIN. : 800848819 | State of Incorp.: DE | Fiscal Year End: 0203 Type: SC 13G/A | Act: 34 | File No.: 005-89323 | Film No.: 24560985 SIC : 5331 Retail-Variety Stores (CF Office: 07 Trade & Services)