FMR LLC & Abigail Johnson Maintain 14.999% Stake in Ollie's (OLLI)
Ticker: OLLI · Form: SC 13G/A · Filed: 2024-02-09T00:00:00.000Z
Sentiment: neutral
Topics: institutional-ownership, amendment, insider-holdings
TL;DR
**FMR LLC and Abigail Johnson still own nearly 15% of Ollie's, showing strong conviction.**
AI Summary
FMR LLC, a major investment firm, and its principal owner, Abigail P. Johnson, have updated their ownership stake in Ollie's Bargain Outlet Holdings, Inc. (OLLI) as of February 9, 2024. They now collectively beneficially own 9,238,840 shares of common stock, representing 14.999% of the company. This filing indicates a significant, but stable, institutional interest in Ollie's, which could signal confidence to current and prospective investors.
Why It Matters
This filing shows that a major institutional investor, FMR LLC, and its leader, Abigail P. Johnson, continue to hold a substantial portion of Ollie's Bargain Outlet, which can be a positive signal of long-term confidence in the company's prospects.
Risk Assessment
Risk Level: low — This filing indicates a stable, significant institutional ownership, which generally reduces volatility and provides a vote of confidence.
Analyst Insight
An investor might view this stable, significant institutional ownership as a positive sign, suggesting that a major player sees long-term value in Ollie's. It could reinforce a decision to hold or consider buying, but it doesn't indicate any new buying or selling activity.
Key Numbers
- 9,238,840 — Shares Beneficially Owned (Total common stock shares of Ollie's Bargain Outlet Holdings, Inc. owned by FMR LLC and Abigail P. Johnson.)
- 14.999% — Percent of Class (The percentage of Ollie's Bargain Outlet Holdings, Inc. common stock owned by FMR LLC and Abigail P. Johnson.)
- 20240209 — Date of Filing (The date this SC 13G/A amendment was filed, reflecting ownership as of this date.)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person, principal owner of FMR LLC
- Ollie's Bargain Outlet Holdings, Inc. (company) — the issuer of the securities
- 07 Trade & Services (company) — organization name associated with the subject company
Forward-Looking Statements
- FMR LLC will maintain a significant stake in Ollie's Bargain Outlet Holdings, Inc. for the foreseeable future. (FMR LLC) — high confidence, target: 2025-02-09
- The substantial institutional ownership by FMR LLC will contribute to a perception of stability for OLLI stock. (Ollie's Bargain Outlet Holdings, Inc.) — medium confidence, target: 2024-08-09
FAQ
What is the primary purpose of this SC 13G/A filing?
This SC 13G/A filing is an amendment (Amendment No.3) by FMR LLC and Abigail P. Johnson to update their beneficial ownership of common stock in Ollie's Bargain Outlet Holdings, Inc., as required by Rule 13d-1(b).
How many shares of Ollie's Bargain Outlet Holdings, Inc. common stock does FMR LLC beneficially own?
FMR LLC beneficially owns 9,238,840 shares of Ollie's Bargain Outlet Holdings, Inc. common stock, as stated in Item 4(a) and Item 7 on the cover page for FMR LLC.
What percentage of Ollie's Bargain Outlet Holdings, Inc. does Abigail P. Johnson beneficially own?
Abigail P. Johnson beneficially owns 14.999% of the class of common stock of Ollie's Bargain Outlet Holdings, Inc., as indicated in Item 11 on her cover page and Item 4(b) for FMR LLC, which she controls.
Where are the principal executive offices of Ollie's Bargain Outlet Holdings, Inc. located?
The principal executive offices of Ollie's Bargain Outlet Holdings, Inc. are located at 6295 Allentown Boulevard, Suite 1, Harrisburg, PA 17112 USA, as stated in Item 1(b).
Under which rule is this Schedule 13G filed?
This Schedule 13G is filed pursuant to Rule 13d-1(b), as indicated by the checked box on the first page of the filing and in Item 3.
From the Filing
EDGAR Filing Documents for 0000315066-24-001278 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. 0000315066-24-001278 Filing Date 2024-02-09 Accepted 2024-02-09 09:28:31 Documents 1 Document Format Files Seq Description Document Type Size 1 filing.txt SC 13G/A 6715 Complete submission text file 0000315066-24-001278.txt 8389 Mailing Address 245 SUMMER STREET BOSTON MA 02210 Business Address 245 SUMMER STREET BOSTON MA 02210 6175706339 FMR LLC (Filed by) CIK : 0000315066 (see all company filings) EIN. : 043532603 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A SIC : 0000 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.: 24611888 SIC : 5331 Retail-Variety Stores (CF Office: 07 Trade & Services)