Brokerages Expect Ollie’s Bargain Outlet Holdings Inc (OLLI) to Post $0.31 EPS

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Analysts forecast that Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) will report earnings of $0.31 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Ollie’s Bargain Outlet’s earnings, with estimates ranging from $0.30 to $0.32. Ollie’s Bargain Outlet posted earnings of $0.22 per share in the same quarter last year, which would suggest a positive year over year growth rate of 40.9%. The business is scheduled to issue its next earnings report on Wednesday, December 5th.

On average, analysts expect that Ollie’s Bargain Outlet will report full-year earnings of $1.76 per share for the current financial year, with EPS estimates ranging from $1.74 to $1.85. For the next fiscal year, analysts forecast that the business will report earnings of $2.08 per share, with EPS estimates ranging from $2.02 to $2.17. Zacks’ EPS calculations are a mean average based on a survey of research firms that follow Ollie’s Bargain Outlet.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings data on Wednesday, September 5th. The company reported $0.40 EPS for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.04. Ollie’s Bargain Outlet had a return on equity of 12.48% and a net margin of 12.88%. The firm had revenue of $288.10 million for the quarter, compared to analyst estimates of $284.19 million. During the same quarter last year, the company earned $0.27 EPS. The company’s revenue was up 13.1% on a year-over-year basis.

A number of research firms have commented on OLLI. BidaskClub upgraded Ollie’s Bargain Outlet from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Morgan Stanley raised their price objective on Ollie’s Bargain Outlet from $63.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 17th. Loop Capital began coverage on Ollie’s Bargain Outlet in a research note on Monday, June 18th. They set a “hold” rating and a $75.00 price objective on the stock. Zacks Investment Research upgraded Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and set a $99.00 price objective on the stock in a research note on Monday, September 10th. Finally, Buckingham Research raised their price objective on Ollie’s Bargain Outlet from $75.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday, September 6th. Six investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $87.81.

In other news, CEO Mark L. Butler sold 375,000 shares of Ollie’s Bargain Outlet stock in a transaction on Monday, July 9th. The stock was sold at an average price of $73.00, for a total value of $27,375,000.00. Following the transaction, the chief executive officer now owns 3,415,242 shares in the company, valued at approximately $249,312,666. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Jay Stasz sold 5,337 shares of Ollie’s Bargain Outlet stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $91.16, for a total value of $486,520.92. Following the completion of the transaction, the chief financial officer now owns 12,733 shares in the company, valued at approximately $1,160,740.28. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,310,660 shares of company stock worth $96,392,940. Corporate insiders own 20.27% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of OLLI. OppenheimerFunds Inc. increased its stake in shares of Ollie’s Bargain Outlet by 43.0% in the 2nd quarter. OppenheimerFunds Inc. now owns 1,034,182 shares of the company’s stock valued at $74,978,000 after purchasing an additional 310,828 shares during the last quarter. Northern Trust Corp increased its stake in shares of Ollie’s Bargain Outlet by 28.9% in the 2nd quarter. Northern Trust Corp now owns 754,094 shares of the company’s stock valued at $54,672,000 after purchasing an additional 169,298 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Ollie’s Bargain Outlet by 551.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 186,174 shares of the company’s stock valued at $13,497,000 after purchasing an additional 157,576 shares during the last quarter. BlackRock Inc. increased its stake in shares of Ollie’s Bargain Outlet by 2.2% in the 1st quarter. BlackRock Inc. now owns 6,190,043 shares of the company’s stock valued at $373,259,000 after purchasing an additional 132,481 shares during the last quarter. Finally, Fred Alger Management Inc. increased its stake in shares of Ollie’s Bargain Outlet by 15.9% in the 2nd quarter. Fred Alger Management Inc. now owns 838,382 shares of the company’s stock valued at $60,783,000 after purchasing an additional 114,899 shares during the last quarter. Institutional investors own 88.53% of the company’s stock.

Ollie’s Bargain Outlet stock traded down $1.29 during mid-day trading on Friday, reaching $88.00. 895,727 shares of the company were exchanged, compared to its average volume of 694,368. Ollie’s Bargain Outlet has a 12 month low of $42.36 and a 12 month high of $97.61. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.51 and a quick ratio of 0.31. The firm has a market cap of $6.03 billion, a PE ratio of 70.40, a price-to-earnings-growth ratio of 2.19 and a beta of 0.24.

About Ollie’s Bargain Outlet

Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise. The company offers food products, housewares, books and stationery, bed and bath products, floor coverings, electronics, and toys; and other products, including hardware, personal health care, candy, clothing, sporting, pet and lawn, and garden products.

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