Ollie’s Bargain Outlet Holdings Inc. (OLLI) Sees Strong Trading Volume
Ollie’s Bargain Outlet Holdings Inc. (NASDAQ:OLLI) saw unusually-high trading volume on Monday . Approximately 667,782 shares were traded during trading, an increase of 26% from the previous session’s volume of 529,901 shares.The stock last traded at $26.74 and had previously closed at $26.14.
OLLI has been the topic of a number of analyst reports. Piper Jaffray Cos. raised Ollie’s Bargain Outlet Holdings from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $22.00 to $28.00 in a research report on Thursday, April 7th. Johnson Rice initiated coverage on Ollie’s Bargain Outlet Holdings in a research note on Wednesday, June 1st. They issued a “buy” rating for the company. Credit Suisse Group AG reiterated a “hold” rating on shares of Ollie’s Bargain Outlet Holdings in a research note on Thursday, April 7th. JPMorgan Chase & Co. lifted their price target on Ollie’s Bargain Outlet Holdings from $24.00 to $26.00 and gave the stock an “overweight” rating in a research note on Thursday, April 7th. Finally, Zacks Investment Research upgraded Ollie’s Bargain Outlet Holdings from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research note on Saturday, April 9th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $25.38.
The company’s 50-day moving average price is $24.71 and its 200 day moving average price is $23.47. The company has a market capitalization of $1.63 billion and a P/E ratio of 39.02.
Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) last issued its quarterly earnings data on Wednesday, June 1st. The company reported $0.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.03. The business earned $193.72 million during the quarter, compared to the consensus estimate of $190.44 million. The company’s revenue was up 19.2% compared to the same quarter last year. Analysts predict that Ollie’s Bargain Outlet Holdings Inc. will post $0.87 EPS for the current year.
In other Ollie’s Bargain Outlet Holdings news, VP Kenneth Robert Bertram sold 5,000 shares of the business’s stock in a transaction on Thursday, June 16th. The shares were sold at an average price of $23.16, for a total transaction of $115,800.00. Following the completion of the transaction, the vice president now owns 5,000 shares of the company’s stock, valued at approximately $115,800. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO John W. Swygert sold 15,000 shares of the business’s stock in a transaction on Tuesday, July 19th. The stock was sold at an average price of $26.00, for a total transaction of $390,000.00. Following the transaction, the chief financial officer now directly owns 51,000 shares of the company’s stock, valued at approximately $1,326,000. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Ollie’s Bargain Outlet Holdings stock. State of New Jersey Common Pension Fund D boosted its position in Ollie’s Bargain Outlet Holdings Inc. (NASDAQ:OLLI) by 27.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 92,500 shares of the company’s stock after buying an additional 20,000 shares during the period. State of New Jersey Common Pension Fund D owned about 0.16% of Ollie’s Bargain Outlet Holdings worth $1,573,000 as of its most recent filing with the SEC.
Ollie’s Bargain Outlet Holdings, Inc is a retailer of closeouts, excess inventory and salvage merchandise. The Company, through its wholly owned subsidiary, Ollie’s Bargain Outlet, Inc, offers products of various categories, including housewares, food, books and stationery, bed and bath, floor coverings, toys and hardware.
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