Stocks of Ollie’s Bargain Outlet Holdings Inc. (NASDAQ:OLLI) traded higher last session on Wall Street, down -1.76% to $65.78.
According to the data, Ollie’s Bargain Outlet Holdings Inc. (NASDAQ:OLLI) has 15 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $79.00 and a low of $49.00, we find $66.00. Given the previous closing price of $66.96, this indicates a potential downside of -1.43 percent. OLLI stock price is now 9.96% away from the 50-day moving average and 15.49% away from the 200-day moving average. The market capitalization of the company currently stands at $4.02B.
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A total of 6 analysts have issued a hold rating and 7 have given it a buy rating. Brokers who have rated the stock have averaged $65.47 as their price target over the next twelve months.
With the price target enhanced from $56 to $66, JP Morgan Upgraded its rating from Underweight to Neutral for Ollie’s Bargain Outlet Holdings Inc. (NASDAQ: OLLI). On March 27, 2023, Citigroup Downgraded its previous ‘Neutral’ rating to ‘Sell’ on the stock reducing its target price from $52 to quote $49, while ‘Gordon Haskett’ rates the stock as ‘Accumulate’.
In other news, FLEISHMAN STANLEY, Director sold 1,592 shares of the company’s stock on Apr 20. The stock was sold for $102,238 at an average price of $64.22. Upon completion of the transaction, the Director now directly owns 57,161 shares in the company, valued at $3.76 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 24, Director HENDRICKSON THOMAS sold 3,000 shares of the business’s stock. A total of $175,560 was realized by selling the stock at an average price of $58.52. This leaves the insider owning 610 shares of the company worth $40125.8. Insiders disposed of 12,970 shares of company stock worth roughly $0.85 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in OLLI stock. A new stake in Ollie’s Bargain Outlet Holdings Inc. shares was purchased by DAVIDSON KEMPNER CAPITAL MANAGEMENT LP during the first quarter worth $37,802,000. DAVIDSON KEMPNER PARTNERS invested $37,802,000 in shares of OLLI during the first quarter. In the first quarter, CHAMPLAIN INVESTMENT PARTNERS, LLC acquired a new stake in Ollie’s Bargain Outlet Holdings Inc. valued at approximately $37,542,000. BALYASNY ASSET MANAGEMENT L.P. acquired a new stake in OLLI for approximately $15,330,000. ADAGE CAPITAL PARTNERS GP, L.L.C. purchased a new stake in OLLI valued at around $8,223,000 in the second quarter. In total, there are 414 active investors with 108.55% ownership of the company’s stock.
Monday’s opening bell rang with an opening price of $67.09 for Ollie’s Bargain Outlet Holdings Inc. (NASDAQ: OLLI). During the past 12 months, Ollie’s Bargain Outlet Holdings Inc. has had a low of $40.40 and a high of $72.27. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 2.90, and a quick ratio of 1.10. According to the stock market information, the enterprise value for the company is $3.82B, which is based on a 40.06 price-to-earnings ratio, a 5.34 price-to-earnings-growth ratio, and a beta of 0.96. The fifty day moving average price for OLLI is $60.01 and a two-hundred day moving average price translates $56.99 for the stock.
The latest earnings results from Ollie’s Bargain Outlet Holdings Inc. (NASDAQ: OLLI) was released for Jan, 2023. The net profit margin was 5.60% and return on equity was 7.80% for OLLI. The company reported revenue of $549.79 million for the quarter, compared to $501.13 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.71 percent.
Ollie’s Bargain Outlet Holdings Inc.(OLLI) 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. It provides its products primarily under the Ollie’s, Ollie’s Bargain Outlet, Good Stuff Cheap, Ollie’s Army, Real Brands Real Cheap!, Real Brands! Real Bargains, Sarasota Breeze, Steelton Tools, American Way, and Middleton Home names. The company was formerly known as Bargain Holdings, Inc. and changed its name to Ollie’s Bargain Outlet Holdings, Inc. in March 2015. Ollie’s Bargain Outlet Holdings, Inc. was founded in 1982 and is headquartered in Harrisburg, Pennsylvania.
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