The stock price of Ollies Bargain Outlet Holdings Inc (NASDAQ: OLLI) has plunged by -0.11 when compared to previous closing price of 72.90, but the company has seen a 6.38% gain in its stock price over the last five trading sessions. CNBC Television reported 2024-04-05 that Anthony Chukumba, Loop Capital senior analyst, joins CNBC’s ‘The Exchange’ to discuss consumers moving toward cheaper brands as they contend with persistent inflation.
Is It Worth Investing in Ollies Bargain Outlet Holdings Inc (NASDAQ: OLLI) Right Now?
The price-to-earnings ratio for Ollies Bargain Outlet Holdings Inc (NASDAQ: OLLI) is above average at 24.90x, Company’s 36-month beta value is 0.75.Analysts have differing opinions on the stock, with 4 analysts rating it as a “buy,” 3 as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for OLLI is 61.14M, and currently, short sellers hold a 5.25% ratio of that floaft. The average trading volume of OLLI on April 11, 2024 was 922.83K shares.
OLLI’s Market Performance
OLLI’s stock has seen a 6.38% increase for the week, with a -3.49% drop in the past month and a 2.87% gain in the past quarter. The volatility ratio for the week is 3.16%, and the volatility levels for the past 30 days are at 3.50% for Ollies Bargain Outlet Holdings Inc The simple moving average for the last 20 days is -2.95% for OLLI stock, with a simple moving average of -1.65% for the last 200 days.
Analysts’ Opinion of OLLI
Many brokerage firms have already submitted their reports for OLLI stocks, with Loop Capital repeating the rating for OLLI by listing it as a “Buy.” The predicted price for OLLI in the upcoming period, according to Loop Capital is $90 based on the research report published on April 05, 2024 of the current year 2024.
Goldman, on the other hand, stated in their research note that they expect to see OLLI reach a price target of $83, previously predicting the price at $75. The rating they have provided for OLLI stocks is “Buy” according to the report published on October 17th, 2023.
JP Morgan gave a rating of “Neutral” to OLLI, setting the target price at $66 in the report published on April 17th of the previous year.
OLLI Trading at -4.42% from the 50-Day Moving Average
After a stumble in the market that brought OLLI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -13.70% of loss for the given period.
Volatility was left at 3.50%, however, over the last 30 days, the volatility rate increased by 3.16%, as shares sank -2.28% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.03% lower at present.
During the last 5 trading sessions, OLLI rose by +6.38%, which changed the moving average for the period of 200-days by +22.76% in comparison to the 20-day moving average, which settled at $74.95. In addition, Ollies Bargain Outlet Holdings Inc saw -4.05% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at OLLI starting from SWYGERT JOHN W, who sale 11,756 shares at the price of $75.22 back on Apr 01 ’24. After this action, SWYGERT JOHN W now owns 48,200 shares of Ollies Bargain Outlet Holdings Inc, valued at $884,339 using the latest closing price.
Helm Robert F, the SVP/CFO of Ollies Bargain Outlet Holdings Inc, sale 170 shares at $78.76 during a trade that took place back on Apr 01 ’24, which means that Helm Robert F is holding 1,607 shares at $13,389 based on the most recent closing price.
Stock Fundamentals for OLLI
Current profitability levels for the company are sitting at:
- 0.11 for the present operating margin
- 0.39 for the gross margin
The net margin for Ollies Bargain Outlet Holdings Inc stands at 0.09. The total capital return value is set at 0.11. Equity return is now at value 12.64, with 7.90 for asset returns.
Based on Ollies Bargain Outlet Holdings Inc (OLLI), the company’s capital structure generated 0.06 points at debt to capital in total, while cash flow to debt ratio is standing at 2.8. The debt to equity ratio resting at 0.06. The interest coverage ratio of the stock is -31.4.
Currently, EBITDA for the company is 276.81 million with net debt to EBITDA at 0.86. When we switch over and look at the enterprise to sales, we see a ratio of 2.23. The receivables turnover for the company is 945.87for trailing twelve months and the total asset turnover is 0.87. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.76.
Conclusion
In a nutshell, Ollies Bargain Outlet Holdings Inc (OLLI) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
