Ollies Bargain Outlet Holdings Inc [OLLI] stock is trading at $75.35, up 0.47%. 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 1.11% over the last week, with a monthly amount drifted -3.17%, and not seem to be holding up well over a long-time horizon.
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On 6, March 2024, Ollie’s Bargain Outlet Holdings, Inc. Announces Fourth Quarter and Full-Year Fiscal 2023 Release Date and Conference Call Information. In a post published today on Yahoo Finance, Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) announced today that it will release its financial results for the fourth quarter and full-year fiscal 2023 on Wednesday, March 20, 2024, before the market opens. Following the release, at 8:30 a.m. Eastern Time, the Company’s management team will host a conference call to discuss its results.
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.
Ollies Bargain Outlet Holdings Inc [OLLI] stock has fluctuated between $51.69 and $84.38 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 $75.35 at the most recent close of the market. An investor can expect a potential drop of -28.57% based on the average OLLI price forecast.
Analyzing the OLLI fundamentals
Ollies Bargain Outlet Holdings Inc [NASDAQ:OLLI] reported sales of 2.00B for the trailing twelve months, which represents a growth of 14.82%. Gross Profit Margin for this corporation currently stands at 0.39% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at 0.1%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.11 and Total Capital is 0.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.34.
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 74.29 points at the first support level, and at 73.24 for the second support level. However, for the 1st resistance point, the stock is sitting at 76.06, and for the 2nd resistance point, it is at 76.78.
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
For context, Ollies Bargain Outlet Holdings Inc’s Current Ratio is 2.79. Also, the Quick Ratio is 0.94, while the Cash Ratio stands at 0.55. Considering the valuation of this stock, the price to sales ratio is 2.32, the price to book ratio is 3.22 and price to earnings (TTM) ratio is 29.65.
Transactions by insiders
Recent insider trading involved SWYGERT JOHN W, President, CEO, that happened on Feb 23 ’24 when 5000.0 shares were sold. EVP, COO, van der Valk Eric completed a deal on Feb 20 ’24 to sell 8301.0 shares. Meanwhile, SVP/CFO Helm Robert F sold 269.0 shares on Feb 20 ’24.
