Ollies Bargain Outlet Holdings (OLLI) Receives Analyst Rating

Ollies Bargain Outlet Holdings (OLLI) : The consensus on Ollies Bargain Outlet Holdings (OLLI) based on 7 analyst recommendation on the company stock is 1.43, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Ollies Bargain Outlet Holdings (OLLI) : Currently there are 6 street experts covering Ollies Bargain Outlet Holdings (OLLI) stock. The most bullish and bearish price target for the stock is $33 and $26 respectively for the short term. The average price target of all the analysts comes to $30.67. The estimated standard deviation from the target is $2.5.


Also, Equity Analysts at the Jefferies maintains the rating on Ollies Bargain Outlet Holdings (NASDAQ:OLLI). The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency raises the price target from $30 per share to $31 per share. The rating by the firm was issued on September 1, 2016.

Ollies Bargain Outlet Holdings (NASDAQ:OLLI): After opening at $24.6, the stock dipped to an intraday low of $24.12 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $24.93 and the buying power remained strong till the end. The stock closed at $24.83 for the day, a gain of 1.14% for the day session. The total traded volume was 913,066. The stocks close on the previous trading day was $24.55.

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.

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