Ollie’s Bargain Outlet Holdings Inc (OLLI) Sets Record High; Strong Momentum for Holders

July 17, 2017 - By Darrin Black

The stock of Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) reached all time high today, Jul, 17 and still has $45.42 target or 3.00 % above today’s $44.10 share price. This indicates more upside for the $2.71B company. This technical setup was reported by Barchart.com. If the $45.42 PT is reached, the company will be worth $81.30 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 1.97% or $0.85 during the last trading session, reaching $44.1. About 385,876 shares traded. Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) has risen 72.49% since July 17, 2016 and is uptrending. It has outperformed by 55.79% the S&P500.

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

Among 9 analysts covering Ollie's Bargain Outlet Holdings (NASDAQ:OLLI), 8 have Buy rating, 0 Sell and 1 Hold. Therefore 89% are positive. Ollie's Bargain Outlet Holdings had 21 analyst reports since August 10, 2015 according to SRatingsIntel. The stock of Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) has “Outperform” rating given on Thursday, September 1 by RBC Capital Markets. Credit Suisse upgraded Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) rating on Friday, October 2. Credit Suisse has “Outperform” rating and $20 target. The firm has “Buy” rating by Jefferies given on Thursday, September 1. The firm has “Neutral” rating by Credit Suisse given on Monday, August 10. On Wednesday, January 6 the stock rating was initiated by Johnson Rice with “Buy”. The firm earned “Hold” rating on Tuesday, May 30 by M Partners. The stock of Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) has “Overweight” rating given on Monday, August 10 by KeyBanc Capital Markets. The stock of Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) earned “Overweight” rating by JP Morgan on Monday, August 10. Bank of America upgraded Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) on Friday, December 11 to “Buy” rating. The company was maintained on Thursday, April 7 by Jefferies.

More notable recent Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) news were published by: Nasdaq.com which released: “Is Ollie’s Bargain Outlet Holdings (OLLI) a Great Growth Stock?” on June 28, 2017, also Marketwatch.com with their article: “41.90” published on June 19, 2015, Globenewswire.com published: “Ollie’s Bargain Outlet Announces $100 Million Available to Buy Distressed …” on October 24, 2016. More interesting news about Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) were released by: Cnbc.com and their article: “Cramer: The time to buy Ollie’s Bargain Outlet has arrived” published on September 09, 2016 as well as Investorplace.com‘s news article titled: “Ollie’s Bargain Outlet Holdings Inc (OLLI) Does the Impossible – It Sells” with publication date: June 23, 2017.

Ollie’s Bargain Outlet Holdings, Inc. is a retailer of brand name merchandise. The company has market cap of $2.71 billion. The Firm offers clients a selection of brand name products, including food, housewares, books and stationery, bed and bath, floor coverings, electronics and toys. It has a 41.47 P/E ratio. The Company’s warehouse format stores feature a range of products, including hardware, personal healthcare, candy, clothing, sporting goods, pet and lawn and garden products.

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