Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) – Analysts at Jefferies Group lifted their Q3 2018 earnings per share (EPS) estimates for Ollie’s Bargain Outlet in a research report issued on Tuesday. Jefferies Group analyst D. Binder now anticipates that the company will post earnings of $0.21 per share for the quarter, up from their previous estimate of $0.20. Jefferies Group currently has a “Buy” rating and a $57.00 target price on the stock. Jefferies Group also issued estimates for Ollie’s Bargain Outlet’s FY2018 earnings at $1.21 EPS, Q1 2019 earnings at $0.31 EPS, Q2 2019 earnings at $0.32 EPS, Q3 2019 earnings at $0.26 EPS, Q4 2019 earnings at $0.53 EPS, FY2020 earnings at $1.65 EPS, FY2021 earnings at $1.97 EPS and FY2022 earnings at $2.39 EPS.

A number of other equities research analysts have also weighed in on OLLI. BidaskClub lowered shares of Ollie’s Bargain Outlet from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 10th. KeyCorp restated a “buy” rating and issued a $50.00 price objective on shares of Ollie’s Bargain Outlet in a research note on Friday, September 29th. Zacks Investment Research lowered Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. Morgan Stanley began coverage on Ollie’s Bargain Outlet in a research note on Monday, September 25th. They issued an “equal weight” rating and a $46.00 price objective for the company. Finally, J P Morgan Chase & Co restated an “overweight” rating and issued a $47.00 price objective (up from $46.00) on shares of Ollie’s Bargain Outlet in a research note on Thursday, August 31st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $47.46.

Shares of Ollie’s Bargain Outlet (OLLI) traded up $1.10 on Wednesday, reaching $50.70. 765,900 shares of the company’s stock were exchanged, compared to its average volume of 592,839. The stock has a market cap of $3,046.05, a price-to-earnings ratio of 45.93, a PEG ratio of 2.14 and a beta of 0.18. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.29 and a current ratio of 2.80. Ollie’s Bargain Outlet has a 1-year low of $27.75 and a 1-year high of $51.40.

A number of institutional investors have recently modified their holdings of the stock. Shelton Capital Management bought a new position in Ollie’s Bargain Outlet in the 3rd quarter worth $213,000. GSA Capital Partners LLP bought a new position in shares of Ollie’s Bargain Outlet during the 3rd quarter valued at about $243,000. Sterling Capital Management LLC boosted its holdings in shares of Ollie’s Bargain Outlet by 15.8% during the 3rd quarter. Sterling Capital Management LLC now owns 78,276 shares of the company’s stock valued at $3,632,000 after purchasing an additional 10,675 shares during the last quarter. First Heartland Consultants Inc. bought a new position in shares of Ollie’s Bargain Outlet during the 3rd quarter valued at about $207,000. Finally, California Public Employees Retirement System bought a new position in shares of Ollie’s Bargain Outlet during the 3rd quarter valued at about $590,000. 90.05% of the stock is owned by institutional investors.

In related news, CEO Mark L. Butler sold 110,059 shares of the company’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $46.02, for a total value of $5,064,915.18. Following the completion of the transaction, the chief executive officer now owns 4,770,421 shares of the company’s stock, valued at approximately $219,534,774.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Mark L. Butler sold 9,862 shares of the company’s stock in a transaction on Friday, September 22nd. The stock was sold at an average price of $46.00, for a total transaction of $453,652.00. Following the completion of the transaction, the chief executive officer now directly owns 4,514,418 shares of the company’s stock, valued at approximately $207,663,228. The disclosure for this sale can be found here. Insiders sold a total of 1,587,713 shares of company stock valued at $74,317,958 in the last ninety days. 22.25% of the stock is currently owned by insiders.

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Ollie’s Bargain Outlet Company Profile

Ollie’s Bargain Outlet Holdings, Inc is a retailer of brand name merchandise. The Company offers customers a selection of brand name products, including food, housewares, books and stationery, bed and bath, floor coverings, electronics and toys. Its warehouse format stores feature a range of products, including hardware, personal healthcare, candy, clothing, sporting goods, pet and lawn and garden products.

Earnings History and Estimates for Ollie`s Bargain Outlet (NASDAQ:OLLI)

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