Price Don’t Lie: Is Ollie’s Bargain Outlet Holdings Inc’s Fuel Running Low? The Stock Reaches All Time High Today

Price Don't Lie: Is Ollie's Bargain Outlet Holdings Inc's Fuel Running Low? The Stock Reaches All Time High Today

The stock of Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) reached all time high today, Nov, 10 and still has $38.68 target or 35.00% above today’s $28.65 share price. This indicates more upside for the $1.81B company. This technical setup was reported by Barchart.com. If the $38.68 PT is reached, the company will be worth $633.50 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. About 621,857 shares traded hands. Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) has risen 11.51% since April 8, 2016 and is uptrending. It has outperformed by 5.86% 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. Johnson Rice initiated the shares of OLLI in a report on Wednesday, January 6 with “Buy” rating. On Monday, August 10 the stock rating was initiated by Credit Suisse with “Neutral”. RBC Capital Markets maintained Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) on Thursday, September 1 with “Outperform” rating. The stock of Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) has “Overweight” rating given on Thursday, April 7 by JP Morgan. The firm has “Buy” rating by Jefferies given on Monday, August 10. Credit Suisse upgraded Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) on Friday, October 2 to “Outperform” rating. The rating was initiated by RBC Capital Markets on Monday, August 10 with “Outperform”. The firm has “Buy” rating by Bank of America given on Friday, December 11. KeyBanc Capital Markets initiated it with “Overweight” rating and $24 target price in Monday, August 10 report. Piper Jaffray initiated Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) rating on Monday, August 10. Piper Jaffray has “Neutral” rating and $20 price target.

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.”

More notable 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 Marketwatch.com with their article: “5 things to know about Ollie’s Bargain Outlet” published on July 07, 2015, Fool.com published: “Why Ollie’s Bargain Outlet Holdings Inc. Stock Popped Today” on April 07, 2016. More interesting news about Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) were released by: Quotes.Wsj.com and their article: “News Ollie’s Bargain Outlet Holdings Inc.OLLI” published on July 10, 2015 as well as Fool.com‘s news article titled: “IPO Fever: Why Ollie’s Bargain Outlet Holdings Inc Jumped 44% Today” with publication date: July 16, 2015.

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.

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