The stock of Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) hit a new 52-week high and has $34.45 target or 8.00% above today’s $31.90 share price. The 7 months bullish chart indicates low risk for the $1.91B company. The 1-year high was reported on Nov, 22 by Barchart.com. If the $34.45 price target is reached, the company will be worth $152.80M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 410,680 shares traded hands. Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) has risen 15.11% since April 20, 2016 and is uptrending. It has outperformed by 10.56% the S&P500.
Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) Ratings Coverage
Out of 9 analysts covering Ollie's Bargain Outlet Holdings (NASDAQ:OLLI), 8 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 89% are positive. Ollie's Bargain Outlet Holdings has been the topic of 17 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Thursday, September 1 by RBC Capital Markets. The stock of Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) earned “Buy” rating by Bank of America on Friday, December 11. The firm has “Neutral” rating given on Monday, August 10 by Bank of America. Johnson Rice initiated the stock with “Buy” rating in Wednesday, January 6 report. The firm has “Overweight” rating given on Monday, August 10 by KeyBanc Capital Markets. The company was initiated on Monday, August 10 by JP Morgan. The stock of Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) earned “Neutral” rating by Credit Suisse on Monday, August 10. The stock has “Outperform” rating given by RBC Capital Markets on Monday, August 10. Credit Suisse upgraded Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) on Friday, October 2 to “Outperform” rating. The rating was initiated by Jefferies with “Buy” on Monday, August 10.
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 important recent Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) news were published by: Marketwatch.com which released: “Ollie’s Bargain Outlet Holdings Inc.” on June 19, 2015, also Marketwatch.com published article titled: “5 things to know about Ollie’s Bargain Outlet”, Quotes.Wsj.com published: “News Ollie’s Bargain Outlet Holdings Inc.OLLI” on July 10, 2015. More interesting news about Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) was released by: Fool.com and their article: “Why Ollie’s Bargain Outlet Holdings Inc. Stock Popped Today” with publication date: April 07, 2016.
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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