$280.56 Million in Sales Expected for Ollie’s Bargain Outlet Holdings Inc (OLLI) This Quarter

Wall Street brokerages expect that Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) will report sales of $280.56 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Ollie’s Bargain Outlet’s earnings, with the lowest sales estimate coming in at $279.70 million and the highest estimate coming in at $281.53 million. Ollie’s Bargain Outlet posted sales of $238.12 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 17.8%. The firm is scheduled to report its next quarterly earnings results on Wednesday, December 5th.

According to Zacks, analysts expect that Ollie’s Bargain Outlet will report full year sales of $1.23 billion for the current year, with estimates ranging from $1.22 billion to $1.25 billion. For the next year, analysts forecast that the firm will report sales of $1.44 billion per share, with estimates ranging from $1.42 billion to $1.47 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side 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 consensus estimate of $0.36 by $0.04. The firm had revenue of $288.10 million during the quarter, compared to analyst estimates of $284.19 million. Ollie’s Bargain Outlet had a net margin of 12.88% and a return on equity of 12.48%. Ollie’s Bargain Outlet’s revenue was up 13.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.27 EPS.

Several research analysts recently commented on OLLI shares. JPMorgan Chase & Co. boosted their price objective on shares of Ollie’s Bargain Outlet from $70.00 to $84.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 22nd. KeyCorp reduced their price objective on shares of Ollie’s Bargain Outlet from $80.00 to $68.00 and set an “overweight” rating for the company in a research note on Wednesday, June 6th. Credit Suisse Group boosted their price objective on shares of Ollie’s Bargain Outlet from $68.00 to $78.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 6th. Wells Fargo & Co boosted their price objective on shares of Ollie’s Bargain Outlet from $58.00 to $68.00 and gave the stock a “market perform” rating in a research note on Wednesday, June 6th. Finally, Buckingham Research boosted their price objective on shares of Ollie’s Bargain Outlet from $55.00 to $75.00 and gave the stock a “hold” rating in a research note on Wednesday, June 6th. Six research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. Ollie’s Bargain Outlet currently has a consensus rating of “Buy” and a consensus target price of $87.31.

NASDAQ OLLI opened at $90.55 on Friday. 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 company has a market cap of $5.80 billion, a P/E ratio of 72.44, a PEG ratio of 2.11 and a beta of 0.26. Ollie’s Bargain Outlet has a 52 week low of $42.36 and a 52 week high of $94.70.

In other Ollie’s Bargain Outlet news, CEO Mark L. Butler sold 375,000 shares of the business’s stock in a transaction that occurred on Monday, July 2nd. The shares were sold at an average price of $70.46, for a total transaction of $26,422,500.00. Following the sale, the chief executive officer now owns 3,553,372 shares of the company’s stock, valued at approximately $250,370,591.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Kevin Mclain sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 5th. The stock was sold at an average price of $88.03, for a total transaction of $1,760,600.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,965,323 shares of company stock worth $141,912,319. 20.27% of the stock is owned by insiders.

Several hedge funds have recently added to or reduced their stakes in OLLI. Point72 Asia Hong Kong Ltd purchased a new stake in shares of Ollie’s Bargain Outlet in the 1st quarter valued at $112,000. Cerebellum GP LLC purchased a new stake in shares of Ollie’s Bargain Outlet in the 2nd quarter valued at $178,000. Cim LLC purchased a new stake in shares of Ollie’s Bargain Outlet in the 2nd quarter valued at $204,000. Schwartz Investment Counsel Inc. purchased a new stake in shares of Ollie’s Bargain Outlet in the 1st quarter valued at $211,000. Finally, Zeke Capital Advisors LLC purchased a new stake in shares of Ollie’s Bargain Outlet in the 2nd quarter valued at $212,000. 89.04% of the stock is currently owned by institutional investors and hedge funds.

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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