News articles about Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) have trended positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ollie’s Bargain Outlet Holdings earned a news impact score of 0.34 on Accern’s scale. Accern also gave news stories about the company an impact score of 44.907048198635 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- Avon Lacks Luster: Can Transformation Plan Aid Turnaround? – Nasdaq (nasdaq.com)
- Ollie’s Bargain Outlet Holdings, Inc. (OLLI) Receives Average Recommendation of “Buy” from Brokerages (americanbankingnews.com)
- Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) Experiences Lighter than Usual Trading Volume – First News 24 (firstnewspaper24.com)
- Ollie’s Bargain Outlet Holdings, Inc. (OLLI)- Stocks Tumbling on Lethargic Results – NASDAQ Times (nasdaqtimes.com)
A number of equities analysts have recently commented on the stock. KeyCorp reiterated a “buy” rating and set a $50.00 price target on shares of Ollie’s Bargain Outlet Holdings in a report on Friday, September 29th. Morgan Stanley assumed coverage on shares of Ollie’s Bargain Outlet Holdings in a report on Monday, September 25th. They set an “equal weight” rating and a $46.00 price target on the stock. Zacks Investment Research upgraded shares of Ollie’s Bargain Outlet Holdings from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a report on Tuesday, September 19th. Bank of America Corporation reiterated a “buy” rating and set a $52.00 price target on shares of Ollie’s Bargain Outlet Holdings in a report on Tuesday, September 5th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $50.00 price target (up previously from $48.00) on shares of Ollie’s Bargain Outlet Holdings in a report on Thursday, August 31st. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $47.30.
Ollie’s Bargain Outlet Holdings (OLLI) opened at 45.25 on Wednesday. The company has a 50-day moving average of $45.74 and a 200 day moving average of $45.74. Ollie’s Bargain Outlet Holdings has a 12-month low of $25.65 and a 12-month high of $46.90. The firm has a market cap of $2.77 billion, a price-to-earnings ratio of 39.01 and a beta of 0.21.
Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) last announced its quarterly earnings results on Tuesday, August 29th. The company reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.02. The business had revenue of $254.60 million during the quarter, compared to analysts’ expectations of $242.85 million. Ollie’s Bargain Outlet Holdings had a net margin of 7.60% and a return on equity of 10.44%. The firm’s revenue for the quarter was up 20.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.21 EPS. Equities analysts expect that Ollie’s Bargain Outlet Holdings will post $1.19 EPS for the current fiscal year.
In other news, CEO Mark L. Butler sold 5,023 shares of the firm’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $46.00, for a total value of $231,058.00. Following the completion of the sale, the chief executive officer now directly owns 4,509,395 shares of the company’s stock, valued at approximately $207,432,170. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Kenneth Robert Bertram sold 6,000 shares of the firm’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $43.25, for a total transaction of $259,500.00. Following the completion of the sale, the vice president now directly owns 6,000 shares of the company’s stock, valued at $259,500. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,156,604 shares of company stock valued at $52,810,309. Corporate insiders own 22.25% of the company’s stock.
About Ollie’s Bargain Outlet Holdings
Ollie’s Bargain Outlet Holdings, Inc is a retailer of brand name merchandise. The Company offers customers a selection of brand name products, including food, housewares, books and stationery, bed and bath, floor coverings, electronics and toys. Its warehouse format stores feature a range of products, including hardware, personal healthcare, candy, clothing, sporting goods, pet and lawn and garden products.
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