News coverage about Ollie's Bargain Outlet (NASDAQ:OLLI) has trended positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ollie's Bargain Outlet earned a news sentiment score of 0.31 on Accern’s scale. Accern also gave media headlines about the company an impact score of 47.680530618006 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
Shares of Ollie's Bargain Outlet stock opened at $58.95 on Monday. Ollie's Bargain Outlet has a 52-week low of $33.20 and a 52-week high of $62.05. The firm has a market capitalization of $3,666.87, a PE ratio of 47.16, a price-to-earnings-growth ratio of 1.50 and a beta of 0.14. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.22 and a quick ratio of 0.36.
Ollie's Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data on Wednesday, April 4th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.02. Ollie's Bargain Outlet had a net margin of 11.85% and a return on equity of 11.23%. The company had revenue of $356.70 million during the quarter, compared to analysts’ expectations of $349.93 million. During the same quarter in the prior year, the company earned $0.39 EPS. The firm’s revenue was up 25.9% on a year-over-year basis. equities research analysts forecast that Ollie's Bargain Outlet will post 1.67 EPS for the current year.
A number of equities analysts have recently commented on the stock. BidaskClub lowered shares of Ollie's Bargain Outlet from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 10th. Royal Bank of Canada increased their price target on shares of Ollie's Bargain Outlet to $63.00 and gave the stock an “outperform” rating in a report on Thursday. MKM Partners set a $59.00 price target on shares of Ollie's Bargain Outlet and gave the stock a “hold” rating in a report on Wednesday, March 28th. KeyCorp increased their price target on shares of Ollie's Bargain Outlet from $60.00 to $65.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Bank of America increased their price target on shares of Ollie's Bargain Outlet from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, March 13th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Ollie's Bargain Outlet presently has a consensus rating of “Hold” and a consensus target price of $55.92.
In other news, VP Kenneth Robert Bertram sold 4,000 shares of the company’s stock in a transaction on Tuesday, March 20th. The shares were sold at an average price of $59.65, for a total value of $238,600.00. Following the completion of the sale, the vice president now owns 7,958 shares of the company’s stock, valued at approximately $474,694.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas Hendrickson sold 9,116 shares of the company’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $55.76, for a total transaction of $508,308.16. Following the completion of the sale, the director now directly owns 1,233 shares of the company’s stock, valued at approximately $68,752.08. The disclosure for this sale can be found here. Insiders sold a total of 95,742 shares of company stock valued at $5,567,718 in the last ninety days. 22.25% of the stock is owned by corporate insiders.
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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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