Ollies Bargain Outlet Holdings (NASDAQ:OLLI) should head towards $27.67 per share according to 6 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $23 per share. The higher price estimate target is at $30 according to the Analysts.
Many analysts have stated their opinion on the company shares. In a research note released to the investors, JP Morgan maintains its rating on Ollies Bargain Outlet Holdings (NASDAQ:OLLI).The analysts at the brokerage house have a current rating of Overweight on the shares. In a recent information released to the investors, JP Morgan raises the new price target from $24 per share to $26 per share. The rating by the firm was issued on April 7, 2016. For the current week, the company shares have a recommendation consensus of Buy.
On the companys insider trading activities, Hendrickson Thomas, director of Ollies Bargain Outlet Holdings, Inc., executed a transaction worth $46,586 on April 12, 2016. A total of 1,950 shares were purchased at an average price of $23.89. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Ollies Bargain Outlet Holdings (NASDAQ:OLLI) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.68 points or 2.76% at $23.94 with 1,231,292 shares getting traded. Post opening the session at $24.39, the shares hit an intraday low of $23.68 and an intraday high of $24.65 and the price was in this range throughout the day. The company has a market cap of $1,436 million and the number of outstanding shares have been calculated to be 60,002,125 shares. The 52-week high of Ollies Bargain Outlet Holdings (NASDAQ:OLLI) is $28.72 and the 52-week low is $14.88.
Ollies Bargain Outlet Holdings, Inc. is a retailer of closeouts, excess inventory and salvage merchandise. The Company, through its wholly owned subsidiary, Ollies Bargain Outlet, Inc., offers products of various categories, including housewares, food, books and stationery, bed and bath, floor coverings, toys and hardware. It offers products under various brands, such as Ollies, Ollies Bargain Outlet, Ollies Army, Real Brands! Real Bargains! and Good Stuff Cheap. The Company operates approximately through approximately 185 stores across 16 states, including Alabama, Delaware, Georgia, Indiana, Kentucky, Maryland, Michigan, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Virginia and West Virginia. It owns several domain names, including www.ollies.us, www.olliesbargainoutlet.com, www.olliesarmy.com, www.ollies.cheap, www.sarasotabreeze.com and www.olliesmail.com.