Merrill Lynch Loses Some Confidence in Ollie’s Bargain Outlet Holding (NASDAQ:OLLI). Will Other Analysts Follow?

June 23, 2018 - By Adrian Mccoy

Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Logo

Ollie’s Bargain Outlet Holding (NASDAQ:OLLI) Receives a Downgrade

Ollie’s Bargain Outlet Holding (NASDAQ:OLLI)‘s rating has just been cut by research professionals at Merrill Lynch to a “Sell”. They now have a target of $68.0000 on OLLI. This target would suggest a possible downside of -7.86 % from the last stock close of the stock.

Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Ratings Coverage

Among 13 analysts covering Ollie’s Bargain Outlet Holding (NASDAQ:OLLI), 7 have Buy rating, 1 Sell and 5 Hold. Therefore 54% are positive. Ollie’s Bargain Outlet Holding has $84 highest and $46 lowest target. $70.08’s average target is -5.04% below currents $73.8 stock price. Ollie’s Bargain Outlet Holding had 19 analyst reports since January 8, 2018 according to SRatingsIntel. The firm earned “Outperform” rating on Wednesday, June 6 by Credit Suisse. The stock of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) earned “Overweight” rating by KeyBanc Capital Markets on Thursday, April 5. KeyBanc Capital Markets maintained the shares of OLLI in report on Tuesday, April 24 with “Buy” rating. The rating was maintained by Stephens on Thursday, April 5 with “Buy”. The stock of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) has “Buy” rating given on Tuesday, March 13 by Bank of America. On Thursday, April 5 the stock rating was downgraded by Bank of America to “Neutral”. The stock of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) earned “Equal-Weight” rating by Morgan Stanley on Wednesday, June 6. The stock has “Buy” rating by Stephens on Monday, January 8. The rating was maintained by JP Morgan on Tuesday, May 22 with “Overweight”. The firm earned “Neutral” rating on Wednesday, June 6 by Buckingham Research.

The stock decreased 4.03% or $3.1 during the last trading session, reaching $73.8. About 1.08M shares traded or 20.23% up from the average. Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) has risen 68.10% since June 23, 2017 and is uptrending. It has outperformed by 55.53% the S&P500.

Ollie's Bargain Outlet Holdings, Inc. operates as a retailer of brand name merchandise. The company has market cap of $4.60 billion. The firm offers food products, housewares, books and stationery products, bed and bath products, floor coverings, electronics, and toys; and other products, including hardware, personal health care, candy, clothing, sporting goods, pet products, luggage, automotive, seasonal, furniture, summer furniture, and lawn and garden. It has a 34.7 P/E ratio. As of August 02, 2017, it operated 250 store locations across 20 states in the United States.

More notable recent Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) news were published by: Streetinsider.com which released: “Pre-Open Movers 06/06: (AXON) (VBLT) (SIG) Higher; (AMBA) (IMGN) (OLLI) Lower (more…)” on June 06, 2018, also Streetinsider.com with their article: “After-Hours Movers 6/5: (VBLT) (NCS) (LAYN) Higher; (AMBA) (OLLI) (IMGN) Lower (more…)” published on June 05, 2018, Seekingalpha.com published: “Ollie’s Bargain Outlet Holdings, Inc. (OLLI) CEO Mark Butler on Q1 2018 Results – Earnings Call Transcript” on June 06, 2018. More interesting news about Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) were released by: Seekingalpha.com and their article: “Game Plan For The Week – Cramer’s Mad Money (6/1/18)” published on June 04, 2018 as well as Benzinga.com‘s news article titled: “Benzinga’s Top Upgrades, Downgrades For June 22, 2018” with publication date: June 22, 2018.

Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Ratings Chart

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