Stock of the Day: Does Ollie’s Bargain Outlet Holdings Inc Have Any Gas After Today’s Big Increase?

Stock of the Day: Does Ollie's Bargain Outlet Holdings Inc Have Any Gas After Today's Big Increase?

The stock of Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) is a huge mover today! About 876,199 shares traded hands. Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) has risen 25.63% since March 1, 2016 and is uptrending. It has outperformed by 16.39% the S&P500.
The move comes after 6 months positive chart setup for the $1.65 billion company. It was reported on Oct, 4 by Barchart.com. We have $36.61 PT which if reached, will make NASDAQ:OLLI worth $561.00M more.

Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) Ratings Coverage

Out of 8 analysts covering Ollie's Bargain Outlet Holdings (NASDAQ:OLLI), 7 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 88% are positive. Ollie's Bargain Outlet Holdings has been the topic of 16 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The stock has “Overweight” rating given by JP Morgan on Monday, August 10. The stock has “Neutral” rating given by Credit Suisse on Monday, August 10. The firm has “Buy” rating by Jefferies given on Monday, August 10. The company was initiated on Monday, August 10 by Piper Jaffray. Bank of America initiated it with “Neutral” rating and $22 target price in Monday, August 10 report. The stock of Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) earned “Overweight” rating by KeyBanc Capital Markets on Monday, August 10. The firm earned “Buy” rating on Wednesday, January 6 by Johnson Rice. The stock of Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) earned “Buy” rating by Bank of America on Friday, December 11. On Thursday, April 7 the stock rating was maintained by Jefferies with “Buy”. The rating was initiated by RBC Capital Markets on Monday, August 10 with “Outperform”.

According to Zacks Investment Research, “Ollie’s Bargain Outlet Holdings, Inc. is a retailer of closeouts, excess inventory and salvage merchandise. The Company’s product includes housewares, food, books and stationery, bed and bath, floor coverings, toys and hardware. Its brand portfolio consist of Ollie’s, Ollie’s Bargain Outlet, Ollie’s Army, Real Brands! Real Bargains! and Good Stuff Cheap. The company operates primarily in Alabama, Delaware, Georgia, Indiana, Kentucky, Maryland, Michigan, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Virginia and West Virginia. Ollie’s Bargain Outlet Holdings, Inc. is based in Harrisburg, United States.”

More notable recent Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) news were published by: Marketwatch.com which released: “Ollie’s Bargain Outlet Holdings Inc.” on July 07, 2015, also Nasdaq.com with their article: “Why Ollie’s Bargain Outlet Holdings (OLLI) Could Beat Earnings Estimates Again” published on September 27, 2016, Finance.Yahoo.com published: “Ollie’s Bargain Outlet Holdings, Inc. Announces Secondary Public Offering” on September 06, 2016. More interesting news about Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) were released by: Prnewswire.com and their article: “Cousins Properties to Join S&P MidCap 400; Community Health Systems, Ollie’s …” published on October 03, 2016 as well as Marketwatch.com‘s news article titled: “5 things to know about Ollie’s Bargain Outlet” with publication date: July 07, 2015.

OLLI Company Profile

Ollie’s Bargain Outlet Holdings, Inc., incorporated on August 27, 2012, is a retailer of brand name merchandise. The Firm offers deals on closeouts, excess inventory and salvage merchandise. The Company’s product offerings include food, such as packaged food, including coffee, bottled non-carbonated beverages, salty snacks, condiments, sauces, spices, dry pasta, canned goods, cereal and cookies; housewares, such as cooking utensils, dishes, appliances, plastic containers, cutlery, storage and garbage bags, detergents and cleaning supplies, cookware and glassware, fans and space heaters, candles, frames and giftware; books and stationery, such as novels, children’s, how-to, business, cooking, inspirational and coffee table books along with digital versatile discs (DVDs), greeting cards and various office supplies and party goods, and bed and bath, such as household goods, including bedding, towels, curtains and associated hardware.

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