Morgan Stanley raised the price target for the Ollie’s Bargain Outlet Holdings Inc. (NASDAQ:OLLI) stock from “an Underweight” to “an Equal-weight”. The rating was released on May 24, 2021. The stock was downgraded by Goldman, who disclosed in a research note on December 04, 2020, from Buy to Neutral and set the price objective to $95. In their research brief published November 02, 2020, Wells Fargo analysts downgraded the Ollie’s Bargain Outlet Holdings Inc. stock from Overweight to Underweight with a price target of $70.
Historical Earnings Surprises and Revenue Forecasts
Profit is the most critical financial performance measure. Every investor in a business is looking forward to the earnings report as stock price to increase when earnings exceed market expectations and progressively decrease when earnings do not meet expectations. The firm reported an earnings per share (EPS) of $0.97 during the last quarter as opposed to a consensus estimate of $0.85, which indicates the company beat its estimate by $0.12, which implies that the company surprised the market by 14.10%. It appears that the average earnings per share estimate for the current quarter (ending in Apr 2021) is $0.63. This is an average of 13 analysts’ earnings, where the high earnings per share estimate is $0.78 and the low earnings per share estimate is $0.55. According to 11 analyst estimates, an average revenue estimate of $422.07M is projected for the current quarter with a high revenue estimate of $439M and a low estimate of $407.4M.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of Ollie’s Bargain Outlet Holdings Inc. (NASDAQ:OLLI) raised 7.53% to close Friday’s market session at $86.44, higher as compared to yesterday’s close. The stock price fluctuated between $85.37 and $90.25 throughout the trading session with the volume trading being 3560988 shares, which represented a significant variation when compared to the three months average volume of 971.91K shares. The firm’s stock price fluctuated 13.22% within the last five trades and -6.52% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price decreased -4.23% in the last 6 months and -0.32% was subtracted to its value over the previous 3 months. OLLI stock is trading at a margin of 4.62%, -0.83% and -3.79% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, OLLI deals in the Consumer Defensive domain. The stock is trading -30.02 percent below its 52-week high and 14.11 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -10.2. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Ollie’s Bargain Outlet Holdings Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 15.30 percent and the profit margin is 13.40 percent, and the company has reported a gross margin of 40.00 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $5.81 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Ollie’s Bargain Outlet Holdings Inc. (NASDAQ:OLLI) is 23.50. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 27.65. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 3.21 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 4.24, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Daugherty Ray, the SVP, Supply Chain at Ollie’s Bargain Outlet Holdings Inc. (OLLI) has sold 1,600 shares of firm on Apr 05 at a price of $87.64 against the total amount of $0.14 million. In another inside trade, Bertram Kenneth Robert, VP, General Counsel of Ollie’s Bargain Outlet Holdings Inc. (NASDAQ:OLLI) sold 750 shares of the firm on Apr 05 for a total worth of $67500.0 at a price of $90.00. An inside trade which took place on Apr 01, President, CEO of Ollie’s Bargain Outlet Holdings Inc. SWYGERT JOHN W sold 1,517 shares of firm against total price of $0.13 million at the cost of $87.48 per share.