SCHEDULE 13G/A: FMR LLC and Abigail Johnson Maintain Significant Stake in Ollie's Bargain Outlet Holdings Inc.
Beneficial Ownership Report
FMR LLC and Abigail P. Johnson have filed an amended Schedule 13G, reporting a combined beneficial ownership of 12.1% of Ollie's Bargain Outlet Holdings Inc. common stock as of December 31, 2024.
Summary
- FMR LLC and Abigail P. Johnson jointly reported beneficial ownership of 7,427,167.74 shares of Common Stock in OLLIES BARGAIN OUTLET HLDGS INC.
- This aggregate amount represents 12.1% of the total outstanding Common Stock of the issuer as of December 31, 2024.
- FMR LLC holds sole voting power over 7,423,208.19 shares and sole dispositive power over 7,427,167.74 shares.
- Abigail P. Johnson holds sole dispositive power over 7,427,167.74 shares, with no sole or shared voting power directly attributed.
- Fidelity Growth Company Commingled Pool, a subsidiary of FMR LLC, is known to have an interest of 3,210,344.00 shares, representing 5.2% of the total outstanding Common Stock at the reporting date.
- The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing (Schedule 13G) reporting beneficial ownership. It is a factual disclosure of an investment stake and does not contain information that inherently indicates positive or negative sentiment regarding the company's performance or outlook.
Positives
- A major institutional investor, FMR LLC, and its principal, Abigail P. Johnson, maintaining a significant 12.1% stake in Ollie's Bargain Outlet Holdings Inc. can be viewed as a vote of confidence in the company's long-term prospects.
- The filing explicitly states that the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control, indicating a passive investment strategy.
Risks
- The document does not explicitly mention risks related to the issuer's operations or financial health. It is a beneficial ownership report, not a comprehensive financial disclosure.
Future Outlook
The document is a beneficial ownership report and does not contain any forward-looking statements or guidance regarding the issuer's future performance or outlook.
Industry Context
This filing indicates a significant institutional investment in Ollie's Bargain Outlet Holdings Inc., a company operating in the retail sector. Such filings are routine disclosures of large passive investment stakes by asset managers like FMR LLC, reflecting their portfolio allocations within various industries.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Internal Governance Structure Disclosure | The document details the internal governance structure of FMR LLC, noting that members of the Johnson family, including Abigail P. Johnson, are predominant owners of Series B voting common shares (49% voting power) and have a shareholders' voting agreement, which may deem them a controlling group with respect to FMR LLC under the Investment Company Act of 1940. This relates to the reporting entity's internal control, not the issuer's. | NA | Provides transparency into the control structure of the reporting entity (FMR LLC) and its affiliates, which is standard for such filings. |
Related Party Transactions
- The filing details the relationship between FMR LLC and Abigail P. Johnson, where Abigail P. Johnson is a Director, Chairman, and CEO of FMR LLC, and a predominant owner of FMR LLC's voting shares. This clarifies the relationship between the co-filers of the Schedule 13G.
Stakeholder Impact
- Shareholders: The disclosure provides transparency regarding a significant institutional investor's stake, which can influence investor perception and potentially provide stability to the stock by indicating a large, passive holder.
Next Steps
- FMR LLC and Abigail P. Johnson will continue to comply with SEC reporting requirements for their beneficial ownership in OLLIES BARGAIN OUTLET HLDGS INC.
Key Dates
| Date | Description |
|---|---|
| 01/03/2023 | Effective date of Power of Attorney for FMR LLC, authorizing Stephanie J. Brown to sign on its behalf. |
| 01/26/2023 | Effective date of Power of Attorney for Abigail P. Johnson, authorizing Stephanie J. Brown to sign on her behalf. |
| 12/31/2024 | Date of event which requires filing of this statement (reporting period end date). |
| 02/11/2025 | Date of filing of the Schedule 13G Amendment No. 4. |
Keywords
Ollie's Bargain Outlet Holdings Inc., OLLI, FMR LLC, Abigail P. Johnson, Beneficial Ownership, Schedule 13G, Institutional Investor, Common Stock, Retail Sector, Investment Management
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.