Ollies Bargain Outlet Holdings Inc (NASDAQ: OLLI) is 3.86% higher on its value in year-to-date trading and has touched a low of $52.93 and a high of $84.38 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The OLLI stock was last observed hovering at around $76.10 in the last trading session, with the day’s gains setting it 2.72%.
Currently trading at $78.82, the stock is 3.06% and 3.49% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.86 million and changing 3.57% at the moment leaves the stock 7.29% off its SMA200. OLLI registered 35.85% gain for a year compared to 6-month gain of 4.54%. The firm has a 50-day simple moving average (SMA 50) of $2.49 and a 200-day simple moving average (SMA200) of $21.62.
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The stock witnessed a -2.88% loss in the last 1 month and extending the period to 3 months gives it a 6.34%, and is 3.32% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.67% over the week and 3.15% over the month.
Ollies Bargain Outlet Holdings Inc (OLLI) has around 10700 employees, a market worth around $4.85B and $2.10B in sales. Current P/E ratio is 26.99 and Fwd P/E is 22.28. Profit margin for the company is 8.63%. Distance from 52-week low is 48.91% and -6.59% from its 52-week high. The company has generated returns on investments over the last 12 months (9.51%).
Ollies Bargain Outlet Holdings Inc quarterly earnings per share for the current quarter are estimated at $0.64 with sales reaching $505.72M over the same period.The EPS is expected to grow by 9.29% this year, but quarterly earnings will post 7.70% year-over-year.
486 institutions hold shares in Ollies Bargain Outlet Holdings Inc (OLLI), with institutional investors hold 103.92% of the company’s shares. The shares outstanding are 62.01M, and float is at 61.44M with Short Float at 4.49%. Institutions hold 103.56% of the Float.
The top institutional shareholder in the company is FMR, LLC with over 9.29 million shares valued at $538.29 million. The investor’s holdings represent 15.06% of the OLLI Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 5.44 million shares valued at $315.14 million to account for 8.82% of the shares outstanding. The other top investors are Blackrock Inc. which holds 4.97 million shares representing 8.06% and valued at over $287.94 million, while Wasatch Advisors LP holds 6.78% of the shares totaling 4.18 million with a market value of $242.32 million.
Ollies Bargain Outlet Holdings Inc (OLLI) Insider Activity
The most recent transaction is an insider sale by Helm Robert F, the company’s SVP/CFO. SEC filings show that Helm Robert F sold 2,317 shares of the company’s common stock on Mar 25 ’24 at a price of $78.14 per share for a total of $0.18 million. Following the sale, the insider now owns 1777.0 shares.
Ollies Bargain Outlet Holdings Inc disclosed in a document filed with the SEC on Feb 23 ’24 that SWYGERT JOHN W (President, CEO) sold a total of 5,000 shares of the company’s common stock. The trade occurred on Feb 23 ’24 and was made at $82.57 per share for $0.41 million. Following the transaction, the insider now directly holds 48200.0 shares of the OLLI stock.
Still, SEC filings show that on Feb 20 ’24, van der Valk Eric (EVP, COO) disposed off 8,301 shares at an average price of $80.35 for $0.67 million. The insider now directly holds 2,723 shares of Ollies Bargain Outlet Holdings Inc (OLLI).
