Is Ollie’s Bargain Outlet Holdings Inc. (NASDAQ: OLLI) Still A Buy After A -7.09% Weekly Drop? – Marketing Sentinel
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Is Ollie’s Bargain Outlet Holdings Inc. (NASDAQ: OLLI) Still A Buy After A -7.09% Weekly Drop?

During the last session, Ollie’s Bargain Outlet Holdings Inc. (NASDAQ:OLLI)’s traded shares were 0.72 million, with the beta value of the company hitting 1.21. At the end of the trading day, the stock’s price was $63.16, reflecting an intraday loss of -2.12% or -$1.37. The 52-week high for the OLLI share is $123.52, that puts it down -95.57 from that peak though still a striking -1.33% loss since the share price plummeted to a 52-week low of $64.00. The company’s market capitalization is $4.16B, and the average intraday trading volume over the past 10 days was 1.09 million shares, and the average trade volume was 1.08 million shares over the past three months.

Ollie’s Bargain Outlet Holdings Inc. (OLLI) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.40. OLLI has a Sell rating from 0 analyst(s) out of 14 analysts who have looked at this stock. 6 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 7 recommend a Buy rating for it. 1 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.47.

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Ollie’s Bargain Outlet Holdings Inc. (NASDAQ:OLLI) trade information

Ollie’s Bargain Outlet Holdings Inc. (OLLI) registered a -2.12% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.12% in intraday trading to $63.16 this Friday, 09/24/21, hitting a weekly high. The stock’s 5-day price performance is -7.09%, and it has moved by -24.10% in 30 days. Based on these gigs, the overall price performance for the year is -27.88%. The short interest in Ollie’s Bargain Outlet Holdings Inc. (NASDAQ:OLLI) is 8.72 million shares and it means that shorts have 11.84 day(s) to cover.

The consensus price target of analysts on Wall Street is $84.57, which implies an increase of 25.32% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $56.00 and $107.00 respectively. As a result, OLLI is trading at a discount of -69.41% off the target high and 11.34% off the low.

Ollie’s Bargain Outlet Holdings Inc. (OLLI) estimates and forecasts

Statistics show that Ollie’s Bargain Outlet Holdings Inc. has underperformed its competitors in share price, compared to the industry in which it operates. Ollie’s Bargain Outlet Holdings Inc. (OLLI) shares have gone down -28.54% during the last six months, with a year-to-date growth rate less than the industry average at -14.56% against 8.70. Yet analysts are ramping up their growth forecast for the fiscal year 2021. Revenue is predicted to shrink -27.70% this quarter and then drop -7.20% in the quarter after that. In the rating firms’ projections, revenue will increase 1.40% compared to the previous financial year.

Revenue for the current quarter is expected to be $415.22 million as predicted by 11 analyst(s). Meanwhile, a consensus of 11 analyst(s) estimates revenue growth to $551.19 million by the end of Jan 2022.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 41.80%. While earnings are projected to return 72.00% in 2021, the next five years will return 4.20% per annum.

OLLI Dividends

Ollie’s Bargain Outlet Holdings Inc. is due to release its next quarterly earnings between December 01 and December 06. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Ollie’s Bargain Outlet Holdings Inc. (NASDAQ:OLLI)’s Major holders

Ollie’s Bargain Outlet Holdings Inc. insiders own 13.26% of total outstanding shares while institutional holders control 111.21%, with the float percentage being 128.21%. FMR, LLC is the largest shareholder of the company, while 456 institutions own stock in it. As of Jun 29, 2021, the company held over 7.8 million shares (or 11.95% of all shares), a total value of $656.58 million in shares.

The next largest institutional holding, with 6.56 million shares, is of Kayne Anderson Rudnick Investment Management LLC’s that is approximately 10.04% of outstanding shares. At the market price on Jun 29, 2021, these shares were valued at $551.64 million.

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Also, the Mutual Funds coming in first place with the largest holdings of Ollie’s Bargain Outlet Holdings Inc. (OLLI) shares are Virtus Equity Tr-Virtus KAR Small Cap Growth Fd and Fidelity Growth Company Fund. Data provided on Jun 29, 2021 indicates that Virtus Equity Tr-Virtus KAR Small Cap Growth Fd owns about 4.78 million shares. This amounts to just over 7.33 percent of the company’s overall shares, with a $402.45 million market value. The same data shows that the other fund manager holds slightly less at 1.84 million, or about 2.82% of the stock, which is worth about $154.74 million.

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