News articles about Ollie’s Bargain Outlet (NASDAQ:OLLI) have been trending somewhat positive recently, according to Accern. The research firm identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ollie’s Bargain Outlet earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 45.075101456379 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
Ollie’s Bargain Outlet (NASDAQ:OLLI) opened at $47.50 on Friday. The stock has a market capitalization of $2,914.01, a PE ratio of 43.94, a PEG ratio of 2.05 and a beta of 0.18. Ollie’s Bargain Outlet has a 12-month low of $27.75 and a 12-month high of $48.10. The company has a current ratio of 2.80, a quick ratio of 0.29 and a debt-to-equity ratio of 0.17.
Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings data on Tuesday, August 29th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.02. Ollie’s Bargain Outlet had a return on equity of 10.44% and a net margin of 7.60%. The business had revenue of $254.60 million during the quarter, compared to analyst estimates of $242.85 million. During the same period in the previous year, the firm earned $0.21 EPS. Ollie’s Bargain Outlet’s quarterly revenue was up 20.5% compared to the same quarter last year. equities research analysts predict that Ollie’s Bargain Outlet will post 1.19 earnings per share for the current fiscal year.
Several equities research analysts have recently issued reports on OLLI shares. BidaskClub downgraded shares of Ollie’s Bargain Outlet from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 10th. KeyCorp reaffirmed a “buy” rating and issued a $50.00 target price on shares of Ollie’s Bargain Outlet in a research report on Friday, September 29th. Zacks Investment Research cut Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. Jefferies Group reaffirmed a “buy” rating and issued a $48.00 target price on shares of Ollie’s Bargain Outlet in a research report on Wednesday, August 23rd. Finally, Morgan Stanley initiated coverage on Ollie’s Bargain Outlet in a report on Monday, September 25th. They set an “equal weight” rating and a $46.00 price objective for the company. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $46.92.
In other news, CEO Mark L. Butler sold 9,862 shares of the company’s stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $46.00, for a total transaction of $453,652.00. Following the sale, the chief executive officer now owns 4,514,418 shares in the company, valued at approximately $207,663,228. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Mark L. Butler sold 35,200 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $47.01, for a total value of $1,654,752.00. Following the sale, the chief executive officer now owns 4,245,437 shares in the company, valued at approximately $199,577,993.37. The disclosure for this sale can be found here. Insiders sold a total of 1,242,633 shares of company stock worth $57,751,073 in the last 90 days. Company insiders own 22.25% of the company’s stock.
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About Ollie’s Bargain Outlet
Ollie’s Bargain Outlet Holdings, Inc is a retailer of brand name merchandise. The Company offers customers a selection of brand name products, including food, housewares, books and stationery, bed and bath, floor coverings, electronics and toys. Its 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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