In the past week, OLLI stock has gone up by 6.69%, with a monthly gain of 5.27% and a quarterly plunge of -3.58%. The volatility ratio for the week is 2.77%, and the volatility levels for the last 30 days are 2.91% for Ollies Bargain Outlet Holdings Inc The simple moving average for the last 20 days is 4.43% for OLLI stock, with a simple moving average of 4.28% for the last 200 days.
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 26.76x, which is above its average ratio. Moreover, the 36-month beta value for OLLI is 0.80. Analysts have varying opinions on the stock, with 4 analysts rating it as a “buy,” 3 as “overweight,” 4 as “hold,” and 0 as “sell.”
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The public float for OLLI is 61.06M and currently, short sellers hold a 6.27% of that float. On May 24, 2024, OLLI’s average trading volume was 982.23K shares.
OLLI) stock’s latest price update
Ollies Bargain Outlet Holdings Inc (NASDAQ: OLLI) has seen a rise in its stock price by 4.11 in relation to its previous close of 75.18. However, the company has experienced a 6.69% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-05-24 that HARRISBURG, Pa., May 24, 2024 (GLOBE NEWSWIRE) — Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) (the “Company”) today announced that at the conclusion of a final sale hearing, the United States Bankruptcy Court for the District of Delaware approved the Company’s stalking horse bid to acquire eleven former 99 Cents Only Stores locations. The Company and debtor entered into an asset purchase agreement to acquire eleven former 99 Cents Only Stores locations for $14.6 million in cash. The locations were acquired through the auction process held in connection with 99 Cents Only Stores’ bankruptcy proceedings. The bankruptcy court approved the sale of the eleven stores to the Company on May 23, 2024, with appropriate court orders to follow. Of the eleven store locations, three of these are owned properties and eight are leased properties with attractive rents and leasing structures, located in key markets across Texas. The acquisition is expected to close in early June.
Analysts’ Opinion of OLLI
Many brokerage firms have already submitted their reports for OLLI stocks, with BofA Securities repeating the rating for OLLI by listing it as a “Buy.” The predicted price for OLLI in the upcoming period, according to BofA Securities is $92 based on the research report published on May 06, 2024 of the current year 2024.
Truist, on the other hand, stated in their research note that they expect to see OLLI reach a price target of $86, previously predicting the price at $80. The rating they have provided for OLLI stocks is “Buy” according to the report published on May 03rd, 2024.
Loop Capital gave a rating of “Buy” to OLLI, setting the target price at $90 in the report published on April 05th of the current year.
OLLI Trading at 5.01% 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 -7.24% of loss for the given period.
Volatility was left at 2.91%, however, over the last 30 days, the volatility rate increased by 2.77%, as shares surge +5.42% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.15% upper at present.
During the last 5 trading sessions, OLLI rose by +7.00%, which changed the moving average for the period of 200-days by +7.25% in comparison to the 20-day moving average, which settled at $75.15. In addition, Ollies Bargain Outlet Holdings Inc saw 3.14% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at OLLI starting from Helm Robert F, who sale 170 shares at the price of $80.00 back on May 06 ’24. After this action, Helm Robert F now owns 1,437 shares of Ollies Bargain Outlet Holdings Inc, valued at $13,600 using the latest closing price.
HENDRICKSON THOMAS, the Director of Ollies Bargain Outlet Holdings Inc, sale 5,000 shares at $72.29 during a trade that took place back on Apr 18 ’24, which means that HENDRICKSON THOMAS is holding 5,659 shares at $361,450 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 2.37. 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
To wrap up, the performance of Ollies Bargain Outlet Holdings Inc (OLLI) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
