Ollie’s Bargain Outlet Holdings Inc (OLLI) Hit Record High

July 17, 2017 - By Kurt Siggers

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 rating was upgraded by Bank of America on Friday, December 11 to “Buy”. The company was maintained on Thursday, September 1 by RBC Capital Markets. The stock of Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) has “Neutral” rating given on Monday, August 10 by Piper Jaffray. The stock of Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) has “Outperform” rating given on Monday, August 10 by RBC Capital Markets. The rating was maintained by JP Morgan with “Overweight” on Thursday, April 7. Bank of America initiated the stock with “Neutral” rating in Monday, August 10 report. Credit Suisse upgraded it to “Outperform” rating and $20 target in Friday, October 2 report. The stock of Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) earned “Overweight” rating by JP Morgan on Monday, August 10. The rating was maintained by Jefferies on Thursday, April 7 with “Buy”. The company was initiated on Wednesday, January 6 by Johnson Rice.

More notable recent Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) news were published by: Benzinga.com which released: “Uniqueness Helping Brick-And-Mortar Ollie’s Bargain Outlet Fend Off The E …” on March 30, 2017, also Investorplace.com with their article: “Ollie’s Bargain Outlet Holdings Inc (OLLI) Does the Impossible – It Sells” published on June 23, 2017, Marketwatch.com published: “41.90” on June 19, 2015. More interesting news about Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) were released by: Marketwatch.com and their article: “Ollie’s Bargain Outlet has $100 million to buy cargo from delayed or canceled …” published on October 24, 2016 as well as Cnbc.com‘s news article titled: “Cramer: The time to buy Ollie’s Bargain Outlet has arrived” with publication date: September 09, 2016.

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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