News headlines about Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) have trended positive on Friday, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Ollie’s Bargain Outlet Holdings earned a media sentiment 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 media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news stories that may have impacted Accern’s rankings:
- Oct 19, 2017 – Tributary Capital Management, LLC Buys J.Jill Inc … – GuruFocus.com (gurufocus.com)
- Zacks: Analysts Anticipate Ollie’s Bargain Outlet Holdings, Inc. (OLLI) Will Announce Quarterly Sales of $232.43 Million (americanbankingnews.com)
- Financial Comparison: Ollie’s Bargain Outlet Holdings (OLLI) vs. The Competition (americanbankingnews.com)
- Analysts Expect Ollie’s Bargain Outlet Holdings, Inc. (OLLI) Will Announce Earnings of $0.21 Per Share (americanbankingnews.com)
OLLI has been the subject of several recent analyst reports. Zacks Investment Research cut shares of Ollie’s Bargain Outlet Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. BidaskClub cut shares of Ollie’s Bargain Outlet Holdings from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 10th. Jefferies Group LLC reiterated a “buy” rating and issued a $50.00 target price (up from $48.00) on shares of Ollie’s Bargain Outlet Holdings in a report on Thursday, August 31st. J P Morgan Chase & Co reiterated an “overweight” rating and issued a $47.00 target price (up from $46.00) on shares of Ollie’s Bargain Outlet Holdings in a report on Thursday, August 31st. Finally, Morgan Stanley began coverage on shares of Ollie’s Bargain Outlet Holdings in a research report on Monday, September 25th. They issued an “equal weight” rating and a $46.00 price target for the company. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $47.30.
Shares of Ollie’s Bargain Outlet Holdings (NASDAQ OLLI) opened at 44.40 on Friday. Ollie’s Bargain Outlet Holdings has a 52-week low of $25.65 and a 52-week high of $46.90. The stock has a 50 day moving average of $45.58 and a 200-day moving average of $45.58. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of 38.28 and a beta of 0.21.
Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) last issued its quarterly earnings data on Tuesday, August 29th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.02. Ollie’s Bargain Outlet Holdings had a return on equity of 10.44% and a net margin of 7.60%. The business had revenue of $254.60 million during the quarter, compared to analyst estimates of $242.85 million. During the same period in the previous year, the firm earned $0.21 EPS. Ollie’s Bargain Outlet Holdings’s quarterly revenue was up 20.5% compared to the same quarter last year. On average, equities research analysts predict that Ollie’s Bargain Outlet Holdings will post $1.19 EPS for the current fiscal year.
In other Ollie’s Bargain Outlet Holdings news, CEO Mark L. Butler sold 285,623 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $45.19, for a total transaction of $12,907,303.37. Following the completion of the transaction, the chief executive officer now owns 5,038,224 shares of the company’s stock, valued at approximately $227,677,342.56. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Howard Freedman sold 14,658 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $45.15, for a total value of $661,808.70. Following the transaction, the vice president now directly owns 39,370 shares of the company’s stock, valued at approximately $1,777,555.50. The disclosure for this sale can be found here. Insiders sold a total of 1,150,604 shares of company stock valued at $52,550,809 over the last quarter. 22.25% of the stock is owned by insiders.
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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