A share price of Ollies Bargain Outlet Holdings Inc [OLLI] is currently trading at $79.36, up 1.52%. 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 5.81% over the last week, with a monthly amount drifted -3.99%, and not seem to be holding up well over a long-time horizon.
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On 20, March 2024, Ollie’s Bargain Outlet Holdings, Inc. Reports Fourth Quarter and Fiscal 2023 Financial Results. In a post published today on Yahoo Finance, ~ Q4 Net Sales increased 18.0%; Q4 Comparable Store Sales increased 3.9% ~.
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 experienced fluctuations in its stock price throughout the past year between $52.93 and $84.38. Currently, Wall Street analysts expect the stock to reach $56 within the next 12 months. Ollies Bargain Outlet Holdings Inc [NASDAQ: OLLI] shares were valued at $79.36 at the most recent close of the market. An investor can expect a potential drop of -29.44% based on the average OLLI price forecast.
Analyzing the OLLI fundamentals
Trailing Twelve Months sales for Ollies Bargain Outlet Holdings Inc [NASDAQ:OLLI] were 2.10B which represents 18.04% growth. Gross Profit Margin for this corporation currently stands at 0.39% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.12%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.13 and Total Capital is 0.12. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.06.
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 78.09 points at the first support level, and at 76.83 for the second support level. However, for the 1st resistance point, the stock is sitting at 80.29, and for the 2nd resistance point, it is at 81.23.
Ollies Bargain Outlet Holdings Inc [OLLI] reported earnings per share of $1.23 for its fiscal quarter that ended on 1/30/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.15/share, meaning a difference of $0.08 and a surprise factor of 7.00%. By comparison, the stated earnings for the previous quarter ended on 10/30/2023 were $0.51 per share as compared to estimates of $0.45 per share, a difference of $0.06 representing a surprise of 13.30%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Ollies Bargain Outlet Holdings Inc [NASDAQ:OLLI] is 2.76. Also, the Quick Ratio is 1.16, while the Cash Ratio stands at 0.84. Considering the valuation of this stock, the price to sales ratio is 2.32, the price to book ratio is 3.39 and price to earnings (TTM) ratio is 27.18.
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.
