Ollie's Bargain Outlet (OLLI) Given News Impact Score of 0.31
Media coverage about Ollie's Bargain Outlet (NASDAQ:OLLI) has trended positive recently, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ollie's Bargain Outlet earned a daily sentiment score of 0.31 on Accern’s scale. Accern also assigned headlines about the company an impact score of 46.4771396497413 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
OLLI has been the subject of several recent analyst reports. Citigroup initiated coverage on shares of Ollie's Bargain Outlet in a research note on Friday, November 17th. They issued a “sell” rating and a $39.00 target price for the company. Jefferies Group raised their target price on shares of Ollie's Bargain Outlet to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, December 5th. Zacks Investment Research cut shares of Ollie's Bargain Outlet from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Stephens initiated coverage on shares of Ollie's Bargain Outlet in a research note on Tuesday, October 31st. They issued an “overweight” rating and a $53.00 target price for the company. Finally, KeyCorp restated a “buy” rating and issued a $50.00 target price on shares of Ollie's Bargain Outlet in a research note on Friday, September 29th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $51.54.
Shares of Ollie's Bargain Outlet (NASDAQ OLLI) traded down $0.60 during midday trading on Tuesday, hitting $57.25. 435,763 shares of the company traded hands, compared to its average volume of 654,234. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.53 and a quick ratio of 0.36. Ollie's Bargain Outlet has a 12-month low of $28.90 and a 12-month high of $58.00. The firm has a market capitalization of $3,530.00 and a PE ratio of 44.73.
In related news, CEO Mark L. Butler sold 227,843 shares of the firm’s stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $47.02, for a total value of $10,713,177.86. Following the completion of the sale, the chief executive officer now owns 4,356 shares in the company, valued at $204,819.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas Hendrickson sold 9,116 shares of the firm’s stock in a transaction dated 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 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 992,956 shares of company stock valued at $47,481,779 in the last quarter. Company insiders own 22.25% of the company’s stock.
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Ollie's Bargain Outlet Company Profile
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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