As of Friday close, Ollie’s Bargain Outlet Holdings Inc.’s (NASDAQ:OLLI) stock was up $0.38, moving up 0.52 percent to $73.40. The average number of shares traded per day over the past five days has been 1,233,500 shares. 2 times new highs have been achieved over the past 5 days, with a $0.14 gain in that time frame. In the last twenty days, the average volume was 757,245, while in the previous 50 days, it was 917,646.
Since last month, OLLI stock rose 2.54%. Shares of the company fell to $70.84 on 07/25/23, the lowest level in the past month. A 52-week high of $77.58 was reached on 08/15/23 after having rallying from a 52-week low of $44.72. Since the beginning of this year, OLLI’s stock price has risen by 56.70% or $26.56, and marked a new high 30 times. However, the stock has declined by -5.39% since its 52-week high.
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OLLI stock investors should be aware that Ollie’s Bargain Outlet Holdings Inc. (OLLI) stock had its last reported insider trading activity 10 days ago on Aug 09. SWYGERT JOHN W, the President & CEO of the company, disposed of 3,549 shares for $73.38 on Aug 09. It resulted in a $260,426 divestment by the insider. SWYGERT JOHN W sold 100 shares at an average price of $73.27 on Aug 07. The insider now owns 48,200 shares following the transaction. On Jul 28, President & CEO SWYGERT JOHN W sold 800 shares at $73.33 apiece. The transaction was valued at $58,664.
Valuation Metrics
Right now, Ollie’s Bargain Outlet Holdings Inc. (OLLI) has a P/E ratio of about 37.82. The stock’s beta is 0.96. Besides these, the trailing price-to-sales (P/S) ratio of 2.39, the price-to-book (PB) ratio of 3.29, and the price-to-cash flow ratio of 37.27 may also be considered.
Financial Health
In the three months ended April 29, Ollie’s Bargain Outlet Holdings Inc.’s quick ratio stood at 1.00, while its current ratio was 2.80, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 36.90% percent. In the year ended April 29, EBITDA margin amounted to 9.33%, whereas operating margins totaled 8.10%. Based on annual data, OLLI earned $656.09 million in gross profit and brought in $1.83 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 7.30%. Return on equity (ROE) for the past 12 months was 9.00%.
In Ollie’s Bargain Outlet Holdings Inc.’s quarter-end financial report for April 29, it reported total debt of $0.95 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. OLLI’s revenue rose 11.43% to $549.79 million during the quarter, while net income inched up to $459.15 million. While analysts expected Ollie’s Bargain Outlet Holdings Inc. to report $0.47 quarterly earnings, the actual figure was $0.49 per share, beating the consensus estimate by 4.30%. During the quarter, the company generated $46.63 million in EBITDA. The liabilities of Ollie’s Bargain Outlet Holdings Inc. were 707.08 million at the end of its most recent quarter ended April 29, and its total debt was $447.78 million. The value of shareholders’ equity is $61.8 million.
Technical Picture
This quick technical analysis looks at Ollie’s Bargain Outlet Holdings Inc.’s (OLLI) price momentum. With a historical volatility rate of 26.07%, the RSI 9-day stood at 53.89% on 18 August.
With respect to its five-day moving average, the current Ollie’s Bargain Outlet Holdings Inc. price is up by +0.19% percent or $0.14. At present, OLLI shares trade +1.38% above its 20-day simple moving average and +26.51% percent above its 100-day simple moving average. However, the stock is currently trading approximately +20.21% above its SMA50 and +31.07% above its SMA200.
Stochastic coefficient K was 38.59% and Stochastic coefficient D was 52.75%, while ATR was 2.20. Given the Stochastic reading of 36.67% for the 14-day period, the RSI (14) reading has been calculated as 57.28%. As of today, the MACD Oscillator reading stands at -0.06, while the 14-day reading stands at 0.48.
Analyst Ratings
JP Morgan upgraded its rating on Ollie’s Bargain Outlet Holdings Inc. (NASDAQ: OLLI) to a Neutral in a note to investors on April 17, 2023. The analysts firm previously had an Underweight rating on the stock.Ollie’s Bargain Outlet Holdings Inc. (OLLI) has been rated Overweight by analysts. According to 1 brokerage firm, OLLI is a sell, and 6 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Ollie’s Bargain Outlet Holdings Inc. stock as buy, with 7 recommending it as overweight.
With a median target price of $73.00, the current consensus forecast for the stock is $51.00 – $85.00. Based on these forecasts, analysts predict Ollie’s Bargain Outlet Holdings Inc. (OLLI) will achieve an average price target of $72.40.
