Fidelity Management & Research Co has recently announced that it has increased stake in Ollie’s Bargain Outlet Holdings Inc. (NASDAQ:OLLI) by 0.84%. After grabbing 9.26 million shares, the institutional investor is now in possession of 77184.0 shares of the Consumer Defensive Company. The new investment brought the stake of investor firm to 14.95% having worth around $604.44 million. Moreover, The Vanguard Group, Inc. increased its share by 24839.0 to have a control over 5.37 million shares. And Kayne Anderson Rudnick Investment raised its holdings to 5149.0 shares by acquiring 2.25 million shares or 3.63% of the stake.
Ollie’s Bargain Outlet Holdings Inc. (OLLI) concluded trading on 05/25/23 at a closing price of $56.78, with 1.9 million shares of worth about $107.97 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -4.31% during that period and on Thursday the price saw a loss of about -6.57%. Currently the company’s common shares owned by public are about 62.17M shares, out of which, 57.24M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 15 analysts are covering the OLLI stock and their offered price forecasts bring an average price target of $65.47. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $79.00 and could fall to a lowest price of $49.00. The stock’s current price level is 13.22% above of average price target set by the analysts, while a rise to estimated low would result in loss of -15.88% for the stock. However, touching the estimated high of $79.00 would mean a gain of 28.13% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 37 times over the past 12 months. They bought 51,290 shares in 21 of the transactions. In 16 selling transactions, insiders dumped 12,970 shares.
Fidelity Growth Company Fund, Vanguard Total Stock Market ETF, and iShares Core S&P Mid Cap ETF are the top 3 mutual funds which are holding stakes in Ollie’s Bargain Outlet Holdings Inc. Fidelity Growth Company Fund is currently holding 2.4 million shares of worth totaling $156.36 million. The company recently came buying 0.27 million shares which brought its stake up to 3.87% of the company’s outstanding shares. Vanguard Total Stock Market ETF bought 855.0 shares, after which its hold over company’s outstanding shares expand to 3.11%, leaving 1.93 million shares with the mutual fund that have a worth of about $125.76 million. iShares Core S&P Mid Cap ETF, after buying 1.81 million shares, have now control over 2.92% of the stake in the company. It holds 5912.0 shares of worth $117.86 million.
Ollie’s Bargain Outlet Holdings Inc. (NASDAQ: OLLI) started trading at $60.35, below -$0.42 from concluding price of the previous day. However, the stock later moved at a day high price of 61.03, or with a loss of -6.57%. Stock saw a price change of -14.35% in past 5 days and over the past one month there was a price change of -11.80%. Year-to-date (YTD), OLLI shares are showing a performance of 21.22% which increased to 35.16% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $41.96 but also hit the highest price of $72.27 during that period. The average intraday trading volume for Ollie’s Bargain Outlet Holdings Inc. shares is 1.01 million. The stock is currently trading -13.28% below its 20-day simple moving average (SMA20), while that difference is down -7.41% for SMA50 and it goes to -0.49% lower than SMA200.
Fidelity Management & Research Co acquired 9.26 million shares of Ollie’s Bargain Outlet Holdings Inc. having value of about $604.44 million. Data submitted at the U.S SEC by Fidelity Management & Research Co revealed that the firm now holds 77184.0 shares in the company valued at close to $4382507.52, or have control over 0.84% stake in the company. Ollie’s Bargain Outlet Holdings Inc. (NASDAQ: OLLI) currently have 62.17M outstanding shares and institutions hold larger chunk of about 108.55% of that. Holding of mutual funds in the company is about 62.13% while other institutional holders and individual stake holders have control over 72.16% and 43.25% of the stake respectively.
The stock has a current market capitalization of $3.68B and its 3Y-monthly beta is at 0.96. PE ratio of stock for trailing 12 months is 34.58, while it has posted earnings per share of $1.64 in the same period. Its PEG reads 4.61 and has Quick Ratio of 1.10 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for OLLI, volatility over the week remained 4.75% while standing at 2.96% over the month.
Analysts are in expectations that Ollie’s Bargain Outlet Holdings Inc. (OLLI) stock would likely to be making an EPS of $0.48 in the current quarter, while forecast for next quarter EPS is $0.61 and it is $2.9 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.43 which is $0.56 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.2 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -32.50% while it is estimated to increase by 12.94% in next year. EPS is likely to grow at an annualized rate of 7.50% for next 5-years, compared to annual growth of -3.50% made by the stock over the past 5-years.
Analysts at 15 brokerage firms have issued recommendations for the Ollie’s Bargain Outlet Holdings Inc. (OLLI)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.50. Out of those 15 Wall Street analysts, 7 recommended a “Buy” rating, while 6 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.
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