The stock of Ollie’s Bargain Outlet Holdings Inc. (NASDAQ:OLLI) increased by $1.75 on Wednesday to $76.45, up 2.34 percent. The last five days have seen an average of 1,047,016 shares of common stock traded. 30 times new highs were reached in the current year, with a gain of $29.53. The average number of shares traded over the last 20 days was 853,749, while the average volume over the last 50 days totaled 893,612.
OLLI stock appreciated 6.21% since last month. On 08/25/23, the company’s shares reached a one-month low of $70.17. The stock touched a high of $77.58 on 08/15/23, after rallying from a low of $44.72 in 52 weeks. The price of OLLI stock has risen by 63.22% or $29.53 this year, reaching a new high 30 times. Still, the stock price is down -1.46% from the 52-week high.
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Insider Transactions
OLLI stock investors should be aware that Ollie’s Bargain Outlet Holdings Inc. (OLLI) stock had its last reported insider trading activity 21 days ago on Aug 09. On Aug 09, President & CEO SWYGERT JOHN W sold 3,549 shares at $73.38 each. This transaction resulted in the insider making $260,426. On Aug 07, SWYGERT JOHN W sold 100 shares at a price of US$73.27. After the transaction, the insider now owns 48,200 shares. President & CEO SWYGERT JOHN W had earlier sold 800 shares on Jul 28 for $73.33 a share. The transaction was completed for $58,664.
Valuation Metrics
Ollie’s Bargain Outlet Holdings Inc. (OLLI) has a trailing price-to-earnings (P/E) ratio of 39.39. Beta for the stock is 0.97. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.51, the price-to-book (PB) ratio of 3.42, and the price-to-cash flow ratio of 39.07.
Financial Health
For the three months ended April 29, Ollie’s Bargain Outlet Holdings Inc.’s quick ratio was 1.00, while its current ratio was 2.80, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 36.90% percent. Ollie’s Bargain Outlet Holdings Inc.’s EBITDA margin for the year ended April 29 was 9.33%, whereas its operating margin stood at 8.10% for the same period. Based on annual data, it had gross profit of $656.09 million and revenue of $1.83 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. OLLI’s return on assets (ROA) during the last 12 months has been 6.00%. There was a 7.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 9.00%.
Earnings Surprise
According to Ollie’s Bargain Outlet Holdings Inc.’s quarterly financial report for the quarter that ended April 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $459.15 million, while revenues rose by 11.43% to $549.79 million. It was predicted that Ollie’s Bargain Outlet Holdings Inc.’s quarterly earnings would be $0.49, but it ended up being $0.47, beating the consensus by 4.30%. EBITDA was $46.63 million for the quarter. At the end of Ollie’s Bargain Outlet Holdings Inc.’s most recent quarter ended April 29, its liabilities totaled 707.08 million, while its total debt was $447.78 million. Equity owned by shareholders amounts to $61.8 million.
Technical Picture
Here’s a quick look at Ollie’s Bargain Outlet Holdings Inc.’s (OLLI) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 65.73%, suggesting the stock is Neutral, with a 35.01% historical volatility rate.
The stochastic %K and %D were 67.97% and 45.33% respectively, while the average true range (ATR) was 2.18. Based on the 14-day stochastic reading of 83.67%, the RSI (14) reading is 63.34%. On the 9-day MACD Oscillator, the stock is at 1.77, and the 14-day reading is at 1.48.
Analyst Ratings
In its most recent analyst report, JP Morgan raised its rating on Ollie’s Bargain Outlet Holdings Inc. (NASDAQ: OLLI) to a Neutral. Prior to this, analysts firm rated the stock as an Underweight. Analysts have assigned Ollie’s Bargain Outlet Holdings Inc. (OLLI) an Overweight rating. OLLI is a stock that is recommended for selling by 1 brokerage firm, while 6 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 7 others recommend it as a buy.
What is OLLI’s price target for the next 12 months?
The current consensus forecast for the stock is between $51.00 and $85.00, with a median target price of $73.00. In analyzing these forecasts, the average price target given by analysts for Ollie’s Bargain Outlet Holdings Inc. (OLLI) is $72.40.
