Ollie’s Bargain Outlet Holdings Inc. (OLLI) shares are trading at lower $80.71 and the avg recommendation for the stock is Moderate Buy, while the current analyst price target stands at $104.60.
To add more color to this target, the company’s high over the last year is $112.58 and the low is $28.83. Over the last 52 weeks, OLLI is up 35.68% while the S&P 500 is up 18.53%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, OLLI reported a profit of $206.84 million. Ollie’s Bargain Outlet Holdings Inc. also saw revenues increase to $529.31 million. In addition, OLLI has free cash flow of $192.12 million as of 07-2020. The company’s EBITDA came in at $97.67 million which compares well with its peers.
OLLI booked profit margins of 12.90%, its Return on Equity (ROE) is 19.20%, and its Return on Assets is 12.70%. All told, it is clear that, OLLI needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. OLLI has a short ratio of 13.11 and outstanding shares of 65.14M.
OLLI has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 2.22 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 3.20. Ollie’s Bargain Outlet Holdings Inc. OLLI also noted assets of $1.84 billion at the end of the last quarter. Investors should also keep an eye on sector updates as OLLI has historically followed its peers on positive news.
All told, Ollie’s Bargain Outlet Holdings Inc. OLLI has strung together solid data and demonstrated underlying fundamentals. At its current valuation, OLLI represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Ollie’s Bargain Outlet Holdings Inc. OLLI is now commanding a market cap of 5.85B and a float of 56.73M. OLLI is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of OLLI stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in OLLI, either long or short, and we have not been compensated for this article.