Ollie’s Bargain Outlet (NASDAQ:OLLI) Shares Gap Down to $58.99
Shares of Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) gapped down before the market opened on Tuesday . The stock had previously closed at $56.18, but opened at $58.99. Ollie’s Bargain Outlet shares last traded at $56.07, with a volume of 53,265 shares.
A number of equities research analysts recently issued reports on OLLI shares. Loop Capital lowered their price objective on Ollie’s Bargain Outlet to $75.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Royal Bank of Canada raised shares of Ollie’s Bargain Outlet from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $65.00 to $67.00 in a research report on Tuesday, October 15th. Morgan Stanley dropped their price target on shares of Ollie’s Bargain Outlet from $89.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Friday, August 30th. TheStreet downgraded shares of Ollie’s Bargain Outlet from a “b” rating to a “c+” rating in a report on Wednesday, October 2nd. Finally, KeyCorp reduced their price objective on shares of Ollie’s Bargain Outlet from $110.00 to $90.00 and set an “overweight” rating for the company in a research note on Thursday, August 29th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $80.00.
The company has a 50-day moving average price of $64.11 and a two-hundred day moving average price of $75.92. The stock has a market capitalization of $3.66 billion, a P/E ratio of 30.64, a PEG ratio of 1.55 and a beta of 0.87. The company has a quick ratio of 0.41, a current ratio of 2.13 and a debt-to-equity ratio of 0.26.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Optimum Investment Advisors bought a new stake in shares of Ollie’s Bargain Outlet during the 2nd quarter worth $26,000. Princeton Global Asset Management LLC purchased a new stake in Ollie’s Bargain Outlet during the second quarter valued at about $35,000. Intercontinental Wealth Advisors LLC purchased a new stake in Ollie’s Bargain Outlet during the second quarter valued at about $39,000. Whitnell & Co. bought a new stake in Ollie’s Bargain Outlet during the third quarter worth about $26,000. Finally, NumerixS Investment Technologies Inc bought a new stake in Ollie’s Bargain Outlet during the second quarter worth about $44,000. Institutional investors and hedge funds own 96.06% of the company’s stock.
About Ollie’s Bargain Outlet (NASDAQ:OLLI)
Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise. The company offers food products, housewares, books and stationery, bed and bath products, health and beauty products, floor coverings, electronics, and toys; and other products, including hardware, personal health care, candy, clothing, sporting, pet and lawn, and garden products.
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