Market Update: Ollies Bargain Outlet Holdings Inc (OLLI) Sees Positive Movement, Closing at 89.83

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In the latest session, Ollies Bargain Outlet Holdings Inc (NASDAQ: OLLI) closed at $89.83 up 9.50% from its previous closing price of $82.04. In other words, the price has increased by $9.50 from its previous closing price. On the day, 3.17 million shares were traded. OLLI stock price reached its highest trading level at $91.0797 during the session, while it also had its lowest trading level at $84.84.

Ratios:

For a deeper understanding of Ollies Bargain Outlet Holdings Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 16.12 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 42.39. For the most recent quarter (mrq), Quick Ratio is recorded 1.13 and its Current Ratio is at 2.83. In the meantime, Its Debt-to-Equity ratio is 0.32 whereas as Long-Term Debt/Eq ratio is at 0.26.

On May 03, 2024, Truist Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $80 to $86.

Loop Capital Upgraded its Hold to Buy on April 05, 2024, whereas the target price for the stock was revised from $80 to $90.

Insider Transactions:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Jun 05 ’24 when McLain Kevin sold 11,340 shares for $85.75 per share. The transaction valued at 972,405 led to the insider holds 10,610 shares of the business.

McLain Kevin sold 200 shares of OLLI for $16,900 on Jun 03 ’24. The SVP, Merchandising now owns 10,610 shares after completing the transaction at $84.50 per share. On May 06 ’24, another insider, Helm Robert F, who serves as the SVP/CFO of the company, sold 170 shares for $80.00 each. As a result, the insider received 13,600 and left with 1,437 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, OLLI now has a Market Capitalization of 5505788416 and an Enterprise Value of 5170034688. As of this moment, Ollies’s Price-to-Earnings (P/E) ratio for their current fiscal year is 28.28, and their Forward P/E ratio for the next fiscal year is 24.99. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.87. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.56 while its Price-to-Book (P/B) ratio in mrq is 3.66. Its current Enterprise Value per Revenue stands at 2.459 whereas that against EBITDA is 19.678.

Stock Price History:

Over the past 52 weeks, OLLI has reached a high of $84.56, while it has fallen to a 52-week low of $56.65. The 50-Day Moving Average of the stock is 19.47%, while the 200-Day Moving Average is calculated to be 19.29%.

Shares Statistics:

For the past three months, OLLI has traded an average of 1.03M shares per day and 1261460 over the past ten days. A total of 61.45M shares are outstanding, with a floating share count of 61.10M. Insiders hold about 0.31% of the company’s shares, while institutions hold 103.02% stake in the company. Shares short for OLLI as of 1715731200 were 3610304 with a Short Ratio of 3.49, compared to 1713139200 on 3812262. Therefore, it implies a Short% of Shares Outstanding of 3610304 and a Short% of Float of 6.959999999999999.

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