Ollie’s Bargain Outlet Holdings Inc Can’t Burn Your Long Portfolio. Option Traders are Bullish

 Ollie's Bargain Outlet Holdings Inc Can't Burn Your Long Portfolio. Option Traders are Bullish

In today’s session Ollie’s Bargain Outlet Holdings Inc (OLLI) registered an unusually high (200) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious OLLI increase. With 200 contracts traded and 3734 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: OLLI170120C00025000 closed last at: $3.3 or 5.7% down. About 151,036 shares traded hands. Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) has risen 25.79% since March 16, 2016 and is uptrending. It has outperformed by 20.24% the S&P500.

Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) Ratings Coverage

Out of 9 analysts covering Ollie's Bargain Outlet Holdings (NASDAQ:OLLI), 8 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 89% are positive. Ollie's Bargain Outlet Holdings has been the topic of 17 analyst reports since August 10, 2015 according to StockzIntelligence Inc. As per Monday, August 10, the company rating was initiated by KeyBanc Capital Markets. Credit Suisse upgraded Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) on Friday, October 2 to “Outperform” rating. RBC Capital Markets initiated Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) on Monday, August 10 with “Outperform” rating. The firm has “Neutral” rating given on Monday, August 10 by Bank of America. The firm has “Overweight” rating by JP Morgan given on Monday, August 10. The rating was initiated by Piper Jaffray with “Neutral” on Monday, August 10. JP Morgan maintained the shares of OLLI in a report on Thursday, April 7 with “Overweight” rating. The firm has “Buy” rating by Johnson Rice given on Wednesday, January 6. As per Thursday, September 1, the company rating was maintained by Jefferies. RBC Capital Markets maintained it with “Outperform” rating and $32 target price in Thursday, September 1 report.

According to Zacks Investment Research, “Ollie’s Bargain Outlet Holdings, Inc. is a retailer of closeouts, excess inventory and salvage merchandise. The Company’s product includes housewares, food, books and stationery, bed and bath, floor coverings, toys and hardware. Its brand portfolio consist of Ollie’s, Ollie’s Bargain Outlet, Ollie’s Army, Real Brands! Real Bargains! and Good Stuff Cheap. The company operates primarily in Alabama, Delaware, Georgia, Indiana, Kentucky, Maryland, Michigan, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Virginia and West Virginia. Ollie’s Bargain Outlet Holdings, Inc. is based in Harrisburg, United States.”

Ollie’s Bargain Outlet Holdings, Inc. is a retailer of brand name merchandise. The company has a market cap of $1.67 billion. The Firm offers deals on closeouts, excess inventory and salvage merchandise. It has a 35.34 P/E ratio. The Company’s product offerings include food, such as packaged food, including coffee, bottled non-carbonated beverages, salty snacks, condiments, sauces, spices, dry pasta, canned goods, cereal and cookies; housewares, such as cooking utensils, dishes, appliances, storage and garbage bags, detergents and cleaning supplies, cookware and glassware, frames and giftware; books and stationery, such as novels, business, cooking, inspirational and coffee table books along with digital versatile discs , greeting cards and various office supplies and party goods, and bed and bath, such as household goods, including bedding, towels, curtains and associated hardware.

OLLI Company Profile

Ollie’s Bargain Outlet Holdings, Inc., incorporated on August 27, 2012, is a retailer of brand name merchandise. The Firm offers deals on closeouts, excess inventory and salvage merchandise. The Company’s product offerings include food, such as packaged food, including coffee, bottled non-carbonated beverages, salty snacks, condiments, sauces, spices, dry pasta, canned goods, cereal and cookies; housewares, such as cooking utensils, dishes, appliances, plastic containers, cutlery, storage and garbage bags, detergents and cleaning supplies, cookware and glassware, fans and space heaters, candles, frames and giftware; books and stationery, such as novels, children’s, how-to, business, cooking, inspirational and coffee table books along with digital versatile discs (DVDs), greeting cards and various office supplies and party goods, and bed and bath, such as household goods, including bedding, towels, curtains and associated hardware.

More recent Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) news were published by: Marketwatch.com which released: “Ollie’s Bargain Outlet Holdings Inc.” on June 19, 2015. Also Fool.com published the news titled: “Why Ollie’s Bargain Outlet Holdings Inc. Stock Popped Today” on April 07, 2016. Seekingalpha.com‘s news article titled: “Ollie’s Bargain Outlet Holdings’ (OLLI) CEO Mark Butler on Q2 2016 Results …” with publication date: September 01, 2016 was also an interesting one.

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