That’s why I Feel Comfortable With Ollie’s Bargain Outlet Holdings Inc.’s (OLLI) Future

Currently, Ollie’s Bargain Outlet Holdings Inc. [OLLI] is trading at $58.22, up 3.14%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The OLLI shares have gain 8.36% over the last week, with a monthly amount glided 24.48%, and seem to be holding up well over a long-time horizon.

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On 14, December 2022, Ollie’s Bargain Outlet, Inc. Customers Donate Over $1 Million for Marine Toys for Tots Foundation. In a post published today on Yahoo Finance, Closeout Retailer Brings Holiday Joy to Less Fortunate Children.

From an analyst’s perspective:

Ollie’s Bargain Outlet Holdings Inc. [NASDAQ: OLLI] stock has seen the most recent analyst activity on December 08, 2022, when Gordon Haskett downgraded its rating to a Accumulate but kept the price target unchanged to $53 for it. Previously, Gordon Haskett started tracking the stock with Buy rating on October 24, 2022, and set its price target to $60. On June 27, 2022, upgrade upgraded it’s rating to Neutral and revised its price target to $57 on the stock. RBC Capital Mkts upgraded its rating to a Outperform and increased its price target to $65 on June 09, 2022. Craig Hallum upgraded its rating to a Buy and raised its price target to $75 on June 09, 2022. BofA Securities upgraded its rating to Buy for this stock on May 20, 2022, and upped its price target to $75. In a note dated April 04, 2022, Wells Fargo upgraded an Overweight rating on this stock and boosted its target price from $45 to $65.

This stock has fluctuated between a low of $37.67 and a high of $72.27 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $56.13 within the next 12 months. Ollie’s Bargain Outlet Holdings Inc. [NASDAQ: OLLI] shares were valued at $58.22 at the most recent close of the market. An investor can expect a potential drop of -3.59% based on the average OLLI price forecast.

Analyzing the OLLI fundamentals

Recent quarter sales for Ollie’s Bargain Outlet Holdings Inc. [NASDAQ:OLLI] were 418.07 billion which represents 9.00% growth. Gross Margin for this corporation currently stands at +37.76% with Operating Margin at +12.22%, Pretax Margin comes in at +11.66%, and Net Margin reading is +8.98%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 57.02 points at the first support level, and at 55.82 for the second support level. However, for the 1st resistance point, the stock is sitting at 59.66, and for the 2nd resistance point, it is at 61.10.

Ollie’s Bargain Outlet Holdings Inc. [OLLI] reported earnings per share of $0.22 for its fiscal quarter that ended on 7/30/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.33/share, meaning a difference of -$0.11 and a surprise factor of -33.30%. By comparison, the stated earnings for the previous quarter ended on 4/29/2022 were $0.2 per share as compared to estimates of $0.3 per share, a difference of -$0.1 representing a surprise of -33.30%.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Ollie’s Bargain Outlet Holdings Inc. [NASDAQ:OLLI] is 2.80. Also, the Quick Ratio is 0.99, while the Cash Ratio stands at 0.94. Considering the valuation of this stock, the price to sales ratio is 1.66, the price to book ratio is 2.19 and the P/E (TTM) ratio is 38.87.

Transactions by insiders

We now turn our attention to insider trading, which in the past 3 months has resulted in 1 insider buyings of 4,146 shares and 1 insider sellings of 1,181 shares.