Ollie's Bargain Outlet Holdings: A Mixed Bag of Ratings and …

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) has garnered the attention of investors and analysts alike, as witnessed by the average recommendation of “hold” given to the company by sixteen ratings firms, according to Bloomberg reports. The retail company specializing in closeouts, excess inventory and salvage merchandise has received a mix of ratings from investment analysts, with one rating the stock as a sell recommendation, four assigning a hold recommendation and six giving a buy recommendation. Nevertheless, one metric which seems to attract more attention than others is the average 12-month price target among analysts that have issued ratings on the stock in the last year; currently standing at £61.67.

Several institutional investors have modified their holdings of Ollie’s Bargain Outlet Holdings, with varying degrees of success. Franklin Resources Inc., Voya Investment Management LLC, State of Michigan Retirement System and Shaker Investments LLC OH all boosted their stakes in shares of the company by a small percentage during various quarters in recent years. Meanwhile, CWM LLC raised its holdings in the company by an impressive 30.3% during Q4 2020.

Ollie’s Bargain Outlet Holdings remains an attractive entrant for analysts who are looking to invest into retail companies dealing with over stocks or manufacturer refurbished goods. The range of products that it offers – from housewares to floor coverings – has kept investors interested for some time now, despite varying grades given to its stock by investment analysts in recent months. In conclusion, while there might be differences in opinions regarding Ollie’s Bargain Outlet Holding’s financial health potential future – this variance can always happen due to differing analytical model assumptions-.

The fact it has maintained its status quo as well as stirred interest among institutional investors is enough proof that it is most definitely a stock worth keeping an eye on not just for existing shareholders but also interested parties looking for entry-level opportunities.

Mixed Ratings and Director Stock Sell-Off: Ollie’s Bargain Outlet Holdings, Inc.

Ollie’s Bargain Outlet Holdings, Inc. has recently received mixed ratings from several research firms. Loop Capital upped their initial price target from £42.00 to £58.00 while giving the stock an “equal weight” rating, on March 23rd of this year. StockNews.com also upgraded Ollie’s Bargain Outlet from a “sell” rating to a “hold” rating the following day, March 24th.

On February 28th, Piper Sandler increased their price target for the stock from £60.00 to £72.00 and gave it an “overweight” rating in a research note. Gordon Haskett downgraded Ollie’s Bargain Outlet from a “buy” rating to an “accumulate,” setting a £53.00 price target on December 8th of last year. Finally, Craig Hallum cut its price target on Ollie’s Bargain Outlet from £70.00 to £65.00 in that same research note.

In other news concerning the company, Director Thomas Hendrickson sold 3,000 shares in a transaction on March 24th for an average selling price of £58.52 per share, bringing the total value of his sale to £175,560.00 USD. Following this transaction with the SEC reporting steps taken by Henrickson, it was disclosed that he now directly owns 610 shares in the company valued at approximately £35,697.20 USD. Ollie’s Bargain Outlet Holdings engages in retailing closeouts, excess inventory and salvage merchandise offering goods such as house wares, food items and electronics amongst others; overstocks and manufacturer refurbished products are just some of the offerings off their shelves as well as stationary needs and bed/bath products.

Currently trading at NASDAQ:OLLI for around £56.54 USD per share at today’s open market Friday May 28th, the stock has had a 52-week low of £40.40 and a 52-week high of £72.27 respectively resulting in a market capitalization value of £3.50 billion USD. With a current fifteen-month price to earnings ratio at around 34.48, its price to earnings growth ratio sits at around 1.04 with a beta value approaching a relative market average at .96. In relation to financial announcements, Ollie’s Bargain Outlet Holdings reported quarterly earnings on March 22nd posting an EPS (earnings per share) at £.84 for the quarter; this beat the consensus estimate by £.04 from various experts within the industry.

The company also had £549.80 million in revenue during this time period compared to an estimated amount lowering expectations of £542.18 million by analysts previously focused on the company.

Overall despite mixed ratings within research industries and fluctuations within both direct shares owned by key personnel as well as everyday traders, it is expected that revenues will not fail to impress investors considering the pattern established over recent years by Ollie’s Bargain Outlet Holdings using their retail strategy consisting of closeout sales and excess inventory offering steeply discounted goods much too desired fashion conscious audiences and bargain hunters alike.