Noteworthy Price Action: Ollie’s Bargain Outlet Holdings Inc Stock Price Hits Record High Today

Noteworthy Price Action: Ollie's Bargain Outlet Holdings Inc Stock Price Hits Record High Today

The stock of Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) reached all time high today, Nov, 22 and still has $33.52 target or 5.00% above today’s $31.92 share price. This indicates more upside for the $1.94B company. This technical setup was reported by Barchart.com. If the $33.52 PT is reached, the company will be worth $97.00M 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 500,897 shares traded hands. Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) has risen 15.11% since April 20, 2016 and is uptrending. It has outperformed by 10.56% 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. JP Morgan maintained the stock with “Overweight” rating in Thursday, April 7 report. The firm earned “Buy” rating on Friday, December 11 by Bank of America. As per Monday, August 10, the company rating was initiated by Bank of America. The stock has “Outperform” rating given by RBC Capital Markets on Monday, August 10. The rating was maintained by Jefferies on Thursday, September 1 with “Buy”. The stock has “Neutral” rating given by Piper Jaffray on Monday, August 10. The firm has “Buy” rating by Johnson Rice given on Wednesday, January 6. The rating was maintained by Jefferies with “Buy” on Thursday, April 7. The firm earned “Outperform” rating on Thursday, September 1 by RBC Capital Markets. The firm has “Overweight” rating given on Monday, August 10 by KeyBanc Capital Markets.

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 important 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 published article titled: “5 things to know about Ollie’s Bargain Outlet”, Quotes.Wsj.com published: “News Ollie’s Bargain Outlet Holdings Inc.OLLI” on July 10, 2015. More interesting news about Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) was released by: Fool.com and their article: “Why Ollie’s Bargain Outlet Holdings Inc. Stock Popped Today” with publication date: April 07, 2016.

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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