Ollies Bargain Outlet Holdings Inc (OLLI): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Recently, Yahoo Finance discussed the stock, revealing that Ollie’s Bargain Outlet Holdings, Inc. Reports Third Quarter Fiscal 2023 Financial Results.

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Stocks Info

This NASDAQ-listed company operates within the Discount Stores industry segment, falling under the Consumer Defensive sector. The current market capitalization of Ollies Bargain Outlet Holdings Inc is $5.00B. A total of 0.56 million shares were traded on the day, compared to an average of 930.15K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, OLLI has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 29 BUYs and 25 SELLs from insiders. Insiders purchased 95,905 shares during that period but sold 53,523.

In the most recent transaction, van der Valk Eric sold 8,301 shares of OLLI for 80.35 per share on Feb 20. After the transaction, the EVP, COO now owns 2,723 company shares. In a previous transaction on Feb 20, Helm Robert F sold 269 shares at 80.00 per share. OLLI shares that SVP/CFO owns now total 839.

Among the insiders who sold shares, SWYGERT JOHN W disposed of 2,342 shares on Jan 02 at a per-share price of $75.23. This resulted in the President, CEO holding 48,200 shares of OLLI after the transaction. In another insider transaction, Helm Robert F sold 2,952 shares at $73.23 per share on Dec 13. Company shares held by the SVP/CFO now total 1,108.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for OLLI in the last 3 months, the mean price target is $87.00 with high estimates of $99.00 and low estimates of $64.00. In terms of 52-week highs and lows, OLLI has a high of $83.44 and a low of $50.94.

As of this writing, OLLI has an earnings estimate of $1.15 per share for the current quarter. EPS was calculated based on a consensus of 15 estimates, with a high estimate of $1.19 per share and a lower estimate of $1.12. The company reported an EPS of $0.67 in the last quarter, which was 9.80% higher than expectations of $0.61.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. OLLI’s latest balance sheet shows that the firm has $246.98M in Cash & Short Term Investments as of fiscal 2022. There were $430.88M in debt and $263.27M in liabilities at the time. Its Book Value Per Share was $23.38, while its Total Shareholder’s Equity was $1.29B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for OLLI is Buy with a score of 3.93.

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