Ollie’s Bargain Outlet Holdings Inc. [NASDAQ: OLLI] stock went on a downward path that fall over -2.83% on Tuesday, amounting to a one-week price increase of more than 0.35%. The company report on July 21, 2020 that Ollie’s Bargain Outlet Holdings, Inc. Provides Second Quarter Outlook.
~ Comparable Store Sales Expected to Increase Approximately 40% ~.
Ollie’s Bargain Outlet Holdings, Inc. (Nasdaq: OLLI) today announced its outlook for the second quarter ending August 1, 2020.
Over the last 12 months, OLLI stock rose by 32.27%. The one-year Ollie’s Bargain Outlet Holdings Inc. stock forecast points to a potential upside of 6.74. The average equity rating for OLLI stock is currently 2.20, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $6.76 billion, with 63.06 million shares outstanding and 48.61 million shares in the current float. Compared to the average trading volume of 1.41M shares, OLLI stock reached a trading volume of 1533990 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Ollie’s Bargain Outlet Holdings Inc. [OLLI]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for OLLI shares is $111.64 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on OLLI stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Citigroup have made an estimate for Ollie’s Bargain Outlet Holdings Inc. shares, keeping their opinion on the stock as Sell, with their previous recommendation back on July 22, 2020. The new note on the price target was released on May 26, 2020, representing the official price target for Ollie’s Bargain Outlet Holdings Inc. stock. Previously, the target price had yet another raise from $55 to $990, while Credit Suisse kept a Neutral rating on OLLI stock.
The Average True Range (ATR) for Ollie’s Bargain Outlet Holdings Inc. is set at 3.98, with the Price to Sales ratio for OLLI stock in the period of the last 12 months amounting to 4.72. The Price to Book ratio for the last quarter was 6.00, with the Price to Cash per share for the same quarter was set at 1.84.
OLLI Stock Performance Analysis:
Ollie’s Bargain Outlet Holdings Inc. [OLLI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.35. With this latest performance, OLLI shares gained by 8.26% in over the last four-week period, additionally plugging by 87.72% over the last 6 months – not to mention a rise of 32.27% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for OLLI stock in for the last two-week period is set at 51.99, with the RSI for the last a single of trading hit 52.20, and the three-weeks RSI is set at 55.83 for Ollie’s Bargain Outlet Holdings Inc. [OLLI]. The present Moving Average for the last 50 days of trading for this stock 100.25, while it was recorded at 104.19 for the last single week of trading, and 70.66 for the last 200 days.
Insight into Ollie’s Bargain Outlet Holdings Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Ollie’s Bargain Outlet Holdings Inc. [OLLI] shares currently have an operating margin of +13.13 and a Gross Margin at +38.42. Ollie’s Bargain Outlet Holdings Inc.’s Net Margin is presently recorded at +10.02.
Return on Total Capital for OLLI is now 15.70, given the latest momentum, and Return on Invested Capital for the company is 12.26. Return on Equity for this stock inclined to 14.10, with Return on Assets sitting at 9.85. When it comes to the capital structure of this company, Ollie’s Bargain Outlet Holdings Inc. [OLLI] has a Total Debt to Total Equity ratio set at 33.44. Additionally, OLLI Total Debt to Total Capital is recorded at 25.06, with Total Debt to Total Assets ending up at 20.90. Long-Term Debt to Equity for the company is recorded at 28.36, with the Long-Term Debt to Total Capital now at 21.25.
Reflecting on the efficiency of the workforce at the company, Ollie’s Bargain Outlet Holdings Inc. [OLLI] managed to generate an average of $17,004 per employee. Receivables Turnover for the company is 825.92 with a Total Asset Turnover recorded at a value of 0.98.Ollie’s Bargain Outlet Holdings Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 2.50.
OLLI Stock EPS
With the latest financial reports released by the company, Ollie’s Bargain Outlet Holdings Inc. posted 0.35/share EPS, while the average EPS was predicted by analysts to be reported at 0.46/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -23.90%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for OLLI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Ollie’s Bargain Outlet Holdings Inc. go to 18.15%.
Ollie’s Bargain Outlet Holdings Inc. [OLLI] Insider Position Details
There are presently around $7,029 million, in the hands of institutional investors. The top three institutional holders of OLLI stocks are: KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC with ownership of 6,210,606, which is approximately -0.174% of the company’s market cap and around 0.20% of the total institutional ownership; PRICE T ROWE ASSOCIATES INC /MD/, holding 6,112,728 shares of the stock with an approximate value of $636.4 million in OLLI stocks shares; and BLACKROCK INC., currently with $518.34 million in OLLI stock with ownership of nearly 6.307% of the company’s market capitalization.
Positions in Ollie’s Bargain Outlet Holdings Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 218 institutional holders increased their position in Ollie’s Bargain Outlet Holdings Inc. [NASDAQ:OLLI] by around 8,091,451 shares. Additionally, 139 investors decreased positions by around 7,955,617 shares, while 28 investors held positions by with 51,465,706 shares. The mentioned changes placed institutional holdings at 67,512,774 shares, according to the latest SEC report filing. OLLI stock had 102 new institutional investments in for a total of 2,444,332 shares, while 33 institutional investors sold positions of 813,464 shares during the same period.