The stock of Ollies Bargain Outlet Holdings Inc (NASDAQ: OLLI) has decreased by -0.41 when compared to last closing price of 101.45. Despite this, the company has experienced a -0.02% fall in its stock price over the last five trading sessions. zacks.com reported 2024-07-18 that Kimberly-Clark Ollie’s, Bargain Outlet and Energizer have been highlighted in this Industry Outlook article.
Is It Worth Investing in Ollies Bargain Outlet Holdings Inc (NASDAQ: OLLI) Right Now?
Ollies Bargain Outlet Holdings Inc (NASDAQ: OLLI) has a higher price-to-earnings ratio of 31.80x compared to its average ratio. OLLI has 36-month beta value of 0.91. Analysts have mixed views 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 61.04M, and currently, short sellers hold a 5.76% ratio of that float. The average trading volume of OLLI on July 19, 2024 was 1.13M shares.
OLLI’s Market Performance
The stock of Ollies Bargain Outlet Holdings Inc (OLLI) has seen a -0.02% decrease in the past week, with a 5.26% rise in the past month, and a 42.00% gain in the past quarter. The volatility ratio for the week is 3.45%, and the volatility levels for the past 30 days are at 2.91% for OLLI. The simple moving average for the past 20 days is 1.75% for OLLI’s stock, with a 29.16% simple moving average for the past 200 days.
Analysts’ Opinion of OLLI
Many brokerage firms have already submitted their reports for OLLI stocks, with JP Morgan repeating the rating for OLLI by listing it as a “Overweight.” The predicted price for OLLI in the upcoming period, according to JP Morgan is $105 based on the research report published on June 17, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see OLLI reach a price target of $92. The rating they have provided for OLLI stocks is “Buy” according to the report published on May 06th, 2024.
Truist gave a rating of “Buy” to OLLI, setting the target price at $86 in the report published on May 03rd of the current year.
OLLI Trading at 15.10% 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 -3.76% of loss for the given period.
Volatility was left at 2.91%, however, over the last 30 days, the volatility rate increased by 3.45%, as shares surge +3.05% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +28.41% upper at present.
During the last 5 trading sessions, OLLI fell by -0.02%, which changed the moving average for the period of 200-days by +30.90% in comparison to the 20-day moving average, which settled at $99.44. In addition, Ollies Bargain Outlet Holdings Inc saw 33.13% 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 HENDRICKSON THOMAS, who sale 4,500 shares at the price of $97.54 back on Jun 21 ’24. After this action, HENDRICKSON THOMAS now owns 5,659 shares of Ollies Bargain Outlet Holdings Inc, valued at $438,930 using the latest closing price.
Comitale James J, the SVP, General Counsel of Ollies Bargain Outlet Holdings Inc, sale 2,500 shares at $89.55 during a trade that took place back on Jun 17 ’24, which means that Comitale James J is holding 2,732 shares at $223,875 based on the most recent closing price.
Stock Fundamentals for OLLI
Current profitability levels for the company are sitting at:
- 0.12 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 0.13. Equity return is now at value 13.50, with 8.94 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 2.83. The debt to equity ratio resting at 0.06. The interest coverage ratio of the stock is -54.0.
Currently, EBITDA for the company is 276.81 million with net debt to EBITDA at 0.97. When we switch over and look at the enterprise to sales, we see a ratio of 3.0. The receivables turnover for the company is 2349.7for trailing twelve months and the total asset turnover is 0.93. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.83.
Conclusion
To put it simply, Ollies Bargain Outlet Holdings Inc (OLLI) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.