OLLI - Ollie's Bargain Outlet Holdings, Inc.

NasdaqGM - NasdaqGM Real Time Price. Currency in USD
58.26
+1.74 (+3.08%)
At close: 4:00PM EST
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Previous Close56.52
Open56.93
Bid0.00 x 800
Ask0.00 x 800
Day's Range56.62 - 58.36
52 Week Range52.88 - 103.03
Volume2,472,653
Avg. Volume1,335,221
Market Cap3.709B
Beta (5Y Monthly)0.86
PE Ratio (TTM)27.24
EPS (TTM)2.14
Earnings DateDec 09, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est74.57
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  • Is It Time to Buy These 3 Beaten-Down Stocks? Analysts Say Yes
    TipRanks

    Is It Time to Buy These 3 Beaten-Down Stocks? Analysts Say Yes

    The term 'buy when there's blood in the streets' was coined in the 18th century by Baron Rothchild. The contrarian act, as most investors know, is a preemptive call to load up on shares of downtrodden and badly performing companies that have recently taken a severe beating in the market but present the perfect timing to invest. While some investors automatically avoid underperforming names, the ones willing to take the risk can often receive handsome reward once the company at question executes a turnaround.Wall Street pros know the system well and are often on the lookout for such opportunities. With this in mind, We'll open up the TipRanks database and take a look at three beaten down stock which those in the know think are ripe for a trend reversal. We used TipRanks’ Stock Screener to get the lowdown, and we also noticed that currently all three boast Strong Buy consensus ratings from the Street. Let’s check them out.World Wrestling Entertainment (WWE)Talk about bloody and beaten down stocks leads us nicely into the first name on our list; World Wrestling Entertainment. In contrast to the S&P 500’s record breaking performance last year, WWE lost almost 13% of its share price in 2019. The drop was reflected in WWE’s waning popularity – lower live attendances and TV ratings on top of less streaming subscribers are all worrying trends for the company.That’s the bad news, then. The good news is that WWE has taken care of TV revenue for the next 5 years. The company’s new US deal for its Raw and SmackDown programs should see it pocket in the region of $500 million annually over the period, which is approximately double what it made in the past year. Furthermore, its NXT brand brings in from Comcast an additional $30 million a year. With more international deals in place, the question is whether the company can turn around the declining figures to ensure its longevity once the current deals expire.Needham’s Laura Martin thinks WWE has what it takes. The 5-star analyst recently interviewed WWE’s management and came away confident in its prospects. Martin said, “WWE believes it can continue to grow US subs, even in the context of more fragmentation of audiences, suggesting that super-fandom niche OTT service are largely immune from the Streaming Wars between deep-pocketed general entertainment SVOD services. If true, this has positive implications for WWE's pricing power. Also, WWE uses social media and its linear TV air-time to lower its customer acquisition costs for its new OTT subscribers."Martin, therefore, reiterated her Buy rating on WWE. The 5-star analyst’s price target comes in at $88 and represents potential upside of 40%. (To watch Martin’s track record, click here)The Street agrees. A unanimous 10 Buy ratings dished out over the last 3 months presents WWE with a Strong Buy consensus rating. The average price target of $81.56 implies possible upside of 30%. (See WWE stock analysis on TipRanks)Ollie's Bargain Outlet (OLLI)Ollie's Bargain Outlet stock had quite a ride last year, increasing by over 50% before crashing back down whilst shedding 40% of its value. 2020 hasn’t kicked off all that well either; Ollie’s is down by nearly 18% year-to-date.The sell-off comes despite a better than expected F3Q19 report. Net sales of $327 million represented an improvement of 15.3% year-over-year and resulted in adjusted (non-GAAP) net income of $26.8 million, an increase of 28% over the same period in the prior year.Ollie’s has also been expanding opportunistically; last year the company bought 12 Toys R Us locations and leased six others around the country following the former toy giant’s bankruptcy. It also purchased almost $200 million dollars of toys from Toys R Us suppliers’ excess inventory.So, with Mr. Market being unkind to Ollie’s, should investors stay away? Not according to RBC analyst Scot Ciccarelli.The 5-star analyst believes the recent sell-off spells opportunity, noting, “We think Ollie’s has one of the best long-term store growth profiles in the Hardlines/Broadlines Retail sector. Further, the company’s stores generate strong cash-on-cash returns of ~60%+, with 4-wall EBITDA of $585,000–600,000 ($630,000 in most recent vintages) on an initial $1 million investment. In addition, its constantly changing/treasure hunt-oriented shopping experience, coupled with its steep clearance-level prices, should help insulate the company against e-commerce cannibalization.”Accordingly, Ciccarelli reiterated an Outperform rating on Ollie’s, while raising his price target from $69 to $76. The new price target represents possible gains in the shape of 42.5%. (To watch Ciccarelli’s track record, click here)Based on the consensus breakdown, the majority on the Street also back the discount retailer’s prospects in 2020. 4 Buys and a single hold assigned over the last 3 months amount to a Strong Buy consensus rating. At $72, the average price target presents possible upside of ~36%. (See OLLI stock analysis on TipRanks)Madrigal Pharmaceuticals Inc (MDGL)Completing our trio of beaten down stocks is Madrigal Pharmaceuticals, which saw its shares falling nearly 20% in 2019.In mid-December, the drugmaker's shares responded negatively to the announcement that a few investment funds affiliated with Bay City Capital are heading for the exits. The funds offered 1,200,000 Madrigal shares at $107.85 apiece -- a 9% discount to the previous closing price. In other words, the funds probably had to price the offering at a discount simply to entice investors.But things aren’t as bad as they may seem, argues Evercore analyst Joshua Schimmer.Madrigal is one of several companies hoping to bring a therapy for NASH disease (Non-Alcoholic SteatoHepatitis), a fatty liver disease that due to the obesity epidemic has been attracting lots of investment capital in search of a possible treatment. NASH medications are expected to increase into a massive market over the next decade, and as there are currently no NASH-specific drugs available, whoever brings a viable solution to the market will likely be well rewarded.Madrigal's lead drug candidate is resmetirom (MGL-3196), an orally administered, thyroid hormone receptor (THR) β-selective agonist. The drug is currently in a Phase 3 trial, after showing positive data in the 2 prior trials.Schimmer thinks “2020 is an execution year” for Madrigal. The 5-star analyst said, “We continue to believe that resmetirom may have a differentiated profile, as a clean, oral therapy… the company’s P2 dataset continues to stack up well to the competition which has seen multiple recent disappointments in the field. We continue to believe that resmetirom (MGL-3196) has a strong chance of success in P3, with results expected in ~2021.”To this end, Schimmer reiterated an Outperform rating on Madrigal along with a price target of $250. This implies upside potential of a massive 192%. (To watch Schimmer’s track record, click here)On the Street, Madrigal’s Strong Buy consensus rating breaks down into 6 Buys and 1 Hold. The average price target of $169.67 implies upside potential in the shape of 100% over the next 12 months. (See Madrigal stock analysis on TipRanks)

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  • Ollie's Bargain Outlet Enters Oversold Territory
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    Ollie's Bargain Outlet Enters Oversold Territory

    Ollie's Bargain Outlet Holdings, Inc. (OLLI) has been on a bit of a cold streak lately, but there might be light at the end of the tunnel for this overlooked stock.

  • Ollie's Bargain Outlet (OLLI) Down 12.3% Since Last Earnings Report: Can It Rebound?
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  • Ollie's Bargain Business Model, Reward Program to Aid Sales
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    Ollie's Bargain Business Model, Reward Program to Aid Sales

    Ollie's Bargain (OLLI) strategic endeavors and long-term prospects place the stock on a growth trajectory. These factors position the company well to augment both top and bottom line.

  • Thomson Reuters StreetEvents

    Edited Transcript of OLLI earnings conference call or presentation 10-Dec-19 9:30pm GMT

    Q3 2019 Ollie's Bargain Outlet Holdings Inc Earnings Call

  • Company News for Dec 12, 2019
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    Company News for Dec 12, 2019

    Companies in the news are: PLAB, OLLI, LOGM, GME

  • Benzinga

    Analysts Weigh In On Ollie's Bargain Outlet's Q3 Report

    Extreme value retailer of brand name goods company Ollie's Bargain Outlet Holdings Inc (NASDAQ: OLLI) reported third-quarter results that came in better than expected. Ollie's reported quarterly earnings of 41 cents per share, which beat the analyst consensus estimate of 38 cents. Wells Fargo analyst Edward Kelly maintains an Equal-Weight rating on Ollie's with a price target lifted from $60 to $65.

  • Ollie's Bargain (OLLI) Q3 Earnings Top Estimates, Stock Gains
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    Ollie's Bargain (OLLI) Q3 Earnings Top Estimates, Stock Gains

    Ollie's Bargain (OLLI) third-quarter earnings improve 28.1% from the year-ago period. Higher net sales and better expense management contribute to year-over-year increase.

  • Ollie's Bargain Outlet (OLLI) Q3 Earnings and Revenues Surpass Estimates
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    Ollie's Bargain Outlet (OLLI) Q3 Earnings and Revenues Surpass Estimates

    Ollie's Bargain Outlet (OLLI) delivered earnings and revenue surprises of 5.13% and 1.31%, respectively, for the quarter ended October 2019. Do the numbers hold clues to what lies ahead for the stock?

  • MarketWatch

    Ollie's Bargain stock rises 12% after Q3 profit, sales rise, new CEO announced

    Ollie's Bargain Outlet Holdings Inc. shares rallied 12% in the extended session Tuesday after the retailer reported third-quarter results above Wall Street expectations and named a new chief executive. Ollie's said its board has appointed John Swygert as the company's president and CEO, effective immediately. Swygert has been interim CEO since Dec. 2 after the death of company's founder Mark Butler. Swygert, Ollie's former chief operating officer and chief financial officer, worked alongside Butler for nearly 16 years, the company said. In a separate press release, the company reported third-quarter earnings that topped analyst views. Ollie's said it earned $27 million, or 41 cents a share, in the quarter, compared with $24.8 million, or 38 cents a share, in the year-ago quarter. Adjusted for one-time items, Ollie's earned $26.8 million, or 41 cents a share, compared with $21 million, or 32 cents a share, in the year-ago quarter. Sales rose 15% to $327 million, from $284 million a year ago. Analysts polled by FactSet had expected the company to report GAAP and adjusted earnings of 38 cents a share on sales of $323 million.

  • GlobeNewswire

    Ollie’s Bargain Outlet Holdings, Inc. Reports Third Quarter Fiscal 2019 Financial Results

    HARRISBURG, Pa., Dec. 10, 2019 -- Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) today reported financial results for the third quarter ended November 2, 2019 and.

  • GlobeNewswire

    Ollie’s Bargain Outlet Holdings, Inc. Appoints John Swygert President and CEO and Director

    Ollie’s Bargain Outlet Holdings, Inc. (OLLI) today announced that its board of directors has named John Swygert President and Chief Executive Officer and member of its board of directors, effective immediately. Mr. Swygert has been interim President and Chief Executive Officer since December 2, 2019 after the unexpected passing of the Company’s founder, Mark Butler.

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  • Benzinga

    Ollie's Bargain Outlet's Q3 Earnings Preview

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  • Ollie's: A Discount Retailer at a Reasonable Price
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  • Hedge Funds Aren’t Crazy About Ollie’s Bargain Outlet Holdings Inc (OLLI) Anymore
    Insider Monkey

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  • Ollie's Bargain Outlet (OLLI) Reports Next Week: Wall Street Expects Earnings Growth
    Zacks

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  • Is Ollie's Bargain Outlet Holdings, Inc.'s (NASDAQ:OLLI) High P/E Ratio A Problem For Investors?
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  • GlobeNewswire

    Ollie’s Bargain Outlet Announces Unexpected Passing of Chairman of the Board, President and CEO, Mark Butler

    The board of directors of Ollie’s Bargain Outlet Holdings, Inc. (OLLI) today announced with profound sadness that Founder, Chairman of the Board, President and CEO Mark Butler, 61, passed away unexpectedly yesterday while spending the Thanksgiving Holiday weekend with his family. “Mark was an exceptional entrepreneur, merchant, leader, philanthropist, friend and family man,” said board member Richard Zannino on behalf of the entire board of directors. Effective immediately, the board of directors has named John Swygert as interim President and CEO.

  • TheStreet.com

    [video]Ollie's Bargain Outlet Slumps After Chairman and CEO Butler Dies at 61

    Ollie's Bargain Outlet shares slumped on Monday after the discount retailer said Chairman, President and CEO Mark Butler died unexpectedly on Sunday. Butler was 61; a statement from Ollie's didn't disclose a cause of death.

  • GlobeNewswire

    Ollie’s Bargain Outlet Holdings, Inc. Announces Third Quarter Fiscal 2019 Earnings Release Date and Conference Call Information

    HARRISBURG, Pa., Nov. 27, 2019 -- Ollie’s Bargain Outlet Holdings, Inc. (Nasdaq: OLLI) announced today that it will release its financial results for the third quarter of.