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.
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The latest trade, Performances and Moving Averages give us the following Picture
The share price of Ollie’s Bargain Outlet Holdings Inc. (NASDAQ:OLLI) dipped -6.58% to close Thursday’s market session at $77.74, lower as compared to yesterday’s close. The stock price fluctuated between $77.52 and $82.79 throughout the trading session with the volume trading being 2789866 shares, which represented a significant variation when compared to the three months average volume of 921.58K shares. The firm’s stock price fluctuated -6.38% within the last five trades and -14.59% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price decreased -5.97% in the last 6 months and -3.30% was subtracted to its value over the previous 3 months. OLLI stock is trading at a margin of -11.06%, -11.60% and -11.75% 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 -37.06 percent below its 52-week high and 2.63 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 -21.55. 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 16.00 percent and the profit margin is 13.80 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 $5.10 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 19.43. 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 23.69. 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 2.67 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 3.67, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
HENDRICKSON THOMAS, the Director at Ollie’s Bargain Outlet Holdings Inc. (OLLI) has sold 1,500 shares of firm on Aug 06 at a price of $89.05 against the total amount of $0.13 million. In another inside trade, Bertram Kenneth Robert, SVP, General Counsel of Ollie’s Bargain Outlet Holdings Inc. (NASDAQ:OLLI) sold 5,574 shares of the firm on Aug 03 for a total worth of $0.52 million at a price of $93.01. An inside trade which took place on Aug 02, President, CEO of Ollie’s Bargain Outlet Holdings Inc. SWYGERT JOHN W sold 30,688 shares of firm against total price of $2.84 million at the cost of $92.49 per share.