On September 1, 2023, Jeremy Hamblin, an analyst at Craig-Hallum, expressed his positive outlook on Ollie’s Bargain Outlet (NASDAQ:OLLI) by reaffirming a Buy rating and increasing the price target to $91. The closing stock price for Ollie’s Bargain Outlet Holdings on that day was $77.08, reflecting a notable 5.68% increase over the past month and an impressive 40.27% surge over the previous 12 months.
Ollie's Bargain Outlet Holdings, Inc.
OLLI
Strong Buy
Updated on: 04/12/2023
Financial Health
Very Healthy
Debt to equity ratio: Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Neutral
OLLIEs Bargain Outlet Holdings, Inc. (OLLI) Stock Performance and Financial Growth Analysis
OLLIE’s Bargain Outlet Holdings, Inc. (OLLI) stock had a mixed performance on September 1, 2023, according to data from CNN Money. The stock opened at $77.88 and traded within a range of $73.12 to $77.88. The trading volume was relatively low at 69,602 shares.
OLLI has shown promising financial growth with a market capitalization of $4.4 billion and an earnings growth of 61.14% this year. Analysts predict an earnings growth of 16.80% over the next five years.
OLLI’s revenue growth in the last year was 4.22%. The company’s price-to-earnings (P/E) ratio stands at 38.0 and the price/sales ratio is 1.85. The price/book ratio of 3.22 indicates that the stock is trading at a higher price compared to its book value.
Comparing OLLI’s performance to its industry peers, PriceSmart Inc (PSMT) experienced a decline of 2.20%, while Big Lots Inc (BIG) saw a modest increase of 3.15% on September 1, 2023.
OLLI is scheduled to report its next earnings on November 30, 2023, with analysts forecasting an earnings per share (EPS) of $0.42 for the current quarter. In the previous year, OLLI generated an annual revenue of $1.8 billion and a profit of $102.8 million, resulting in a net profit margin of 5.63%.
OLLIE’s Bargain Outlet Holdings, Inc. operates in the retail trade sector, specifically in the department stores industry. The company is headquartered in Harrisburg, Pennsylvania. Investors should keep an eye on OLLI’s upcoming earnings report for further insights into its performance and growth potential.
Ollies Bargain Outlet Holdings Inc (OLLI) Stock Performance and Investment Opportunity in September 2023
On September 1, 2023, Ollie’s Bargain Outlet Holdings Inc (OLLI) experienced a positive stock performance. According to data from CNN Money, 15 analysts have offered 12-month price forecasts for OLLI stock. The median target price is $85.00, with a high estimate of $93.00 and a low estimate of $51.00. The consensus among the 15 polled investment analysts is to buy stock in Ollie’s Bargain Outlet Holdings Inc. Ollie’s Bargain Outlet Holdings Inc reported earnings per share of $0.42 for the current quarter and sales of $455.9 million for the same period. Investors and analysts will be eagerly awaiting the reporting date of November 30 to gain further insights into Ollie’s Bargain Outlet Holdings Inc’s financial performance. Overall, OLLI stock performed positively on September 1, 2023, and appears to be an attractive investment opportunity.
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