Ollies Bargain Outlet Holdings Inc [OLLI] stock prices are up 2.20% to $82.66 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The OLLI shares have gain 7.88% over the last week, with a monthly amount glided 16.03%, and seem to be holding up well over a long-time horizon.
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On 6, December 2023, Ollie’s Bargain Outlet Holdings, Inc. Reports Third Quarter Fiscal 2023 Financial Results. In a post published today on Yahoo Finance, ~ Raising Fiscal Year Sales and Earnings Outlook ~.
From an analyst’s perspective:
Ollies Bargain Outlet Holdings Inc [NASDAQ: OLLI] stock has seen the most recent analyst activity on October 17, 2023, when Goldman upgraded its rating to a Buy and also boosted its price target to $83 from $75. Previously, JP Morgan upgraded its rating to Neutral on April 17, 2023, and elevated its price target to $66. On March 27, 2023, downgrade downgraded it’s rating to Sell and revised its price target to $49 on the stock. Gordon Haskett downgraded its rating to a Accumulate but stick to its price target of $53 on December 08, 2022. Gordon Haskett initiated its recommendation with a Buy and recommended $60 as its price target on October 24, 2022. Goldman upgraded its rating to Neutral for this stock on June 27, 2022, and upped its price target to $57. In a note dated June 09, 2022, RBC Capital Mkts upgraded an Outperform rating on this stock and boosted its target price from $47 to $65.
The stock price of Ollies Bargain Outlet Holdings Inc [OLLI] has been fluctuating between $50.94 and $83.19 over the past year. Currently, Wall Street analysts expect the stock to reach $53.82 within the next 12 months. Ollies Bargain Outlet Holdings Inc [NASDAQ: OLLI] shares were valued at $82.66 at the most recent close of the market. An investor can expect a potential drop of -34.89% based on the average OLLI price forecast.
Analyzing the OLLI fundamentals
The Ollies Bargain Outlet Holdings Inc [NASDAQ:OLLI] reported sales of 2.00B for trailing twelve months, representing a surge of 14.82%. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-6.
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 81.11 points at the first support level, and at 79.55 for the second support level. However, for the 1st resistance point, the stock is sitting at 83.83, and for the 2nd resistance point, it is at 84.99.
Ollies Bargain Outlet Holdings Inc [OLLI] reported earnings per share of $0.51 for its fiscal quarter that ended on 10/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.45/share, meaning a difference of $0.06 and a surprise factor of 13.30%. By comparison, the stated earnings for the previous quarter ended on 7/30/2023 were $0.67 per share as compared to estimates of $0.61 per share, a difference of $0.06 representing a surprise of 9.80%.
Ratios To Look Out For
It’s worth pointing out that Ollies Bargain Outlet Holdings Inc [NASDAQ:OLLI]’s Current Ratio is 2.79. As well, the Quick Ratio is 0.94, while the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 2.54, the price to book ratio is 3.53 and price to earnings (TTM) ratio is 32.53.
Transactions by insiders
Recent insider trading involved van der Valk Eric, EVP, COO, that happened on Feb 20 when 8301.0 shares were sold. SVP/CFO, Helm Robert F completed a deal on Feb 20 to sell 269.0 shares. Meanwhile, President, CEO SWYGERT JOHN W sold 2342.0 shares on Jan 02.
