Let’s look at the key reasons that are pushing Ollies Bargain Outlet Holdings Inc (OLLI) to new highs

On Tuesday, Ollies Bargain Outlet Holdings Inc (NASDAQ: OLLI) opened lower -4.11% from the last session, before settling in for the closing price of $79.36. Price fluctuations for OLLI have ranged from $52.93 to $84.38 over the past 52 weeks.

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Over the past five-year period, the growth rate of yearbook sales for the company of the Consumer Defensive sector was 11.62%. Company’s average yearly earnings per share was noted 9.29% at the time writing. With a float of $61.44 million, this company’s outstanding shares have now reached $62.01 million.

Considering the fact that the conglomerate employs 10700 people, you should pay attention to its efficiency factor.

Ollies Bargain Outlet Holdings Inc (OLLI) Breakdown of a Key Holders of the stock

A key investor’s attitude towards the stock of the Discount Stores industry is another important factor to consider. The insider ownership of Ollies Bargain Outlet Holdings Inc is 0.25%, while institutional ownership is 101.45%. The most recent insider transaction that took place on Feb 23 ’24, was worth 412,850. In this transaction President, CEO of this company sold 5,000 shares at a rate of $82.57, taking the stock ownership to the 48,200 shares. Before that another transaction happened on Feb 20 ’24, when Company’s EVP, COO sold 8,301 for $80.35, making the entire transaction worth $667,023. This insider now owns 2,723 shares in total.

Ollies Bargain Outlet Holdings Inc (OLLI) Recent Fiscal highlights

If we go through the results of last quarter, which was made public on 1/30/2024, the company posted $1.23 earnings per share (EPS) for the quarter, besting the agreed prediction (set at $1.15) by $0.08. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.79 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 9.29% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 15.10% during the next five years compared to 7.35% growth over the previous five years of trading.

Ollies Bargain Outlet Holdings Inc (NASDAQ: OLLI) Trading Performance Indicators

Check out the current performance indicators for Ollies Bargain Outlet Holdings Inc (OLLI). In the past quarter, the stock posted a quick ratio of 1.16. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.23. Likewise, its price to free cash flow for the trailing twelve months is 36.02.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.92, a number that is poised to hit 0.65 in the next quarter and is forecasted to reach 3.54 in one year’s time.

Technical Analysis of Ollies Bargain Outlet Holdings Inc (OLLI)

Compared to the last year’s volume of 0.87 million, its volume of 1.57 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 66.45%. Additionally, its Average True Range was 2.53.

During the past 100 days, Ollies Bargain Outlet Holdings Inc’s (OLLI) raw stochastic average was set at 47.64%, which indicates a significant increase from 42.53% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 29.99% in the past 14 days, which was lower than the 31.29% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $76.16, while its 200-day Moving Average is $73.46. Nevertheless, the first resistance level for the watch stands at $78.58 in the near term. At $81.06, the stock is likely to face the second major resistance level. The third major resistance level sits at $82.37. If the price goes on to break the first support level at $74.79, it is likely to go to the next support level at $73.48. Now, if the price goes above the second support level, the third support stands at $71.00.

Ollies Bargain Outlet Holdings Inc (NASDAQ: OLLI) Key Stats

There are currently 61,592K shares outstanding in the company with a market cap of 4.69 billion. Presently, the company’s annual sales total 1,827 M according to its annual income of 102,790 K. Last quarter, the company’s sales amounted to 648,950 K and its income totaled 76,480 K.