Zacks: Brokerages Anticipate Ollie’s Bargain Outlet Holdings Inc (OLLI) Will Announce Earnings of $0.31 Per Share

Equities research analysts expect Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) to post earnings per share of $0.31 for the current quarter, according to Zacks. Four analysts have issued estimates for Ollie’s Bargain Outlet’s earnings, with the highest EPS estimate coming in at $0.32 and the lowest estimate coming in at $0.30. Ollie’s Bargain Outlet posted earnings of $0.22 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 40.9%. The firm is expected to issue its next quarterly earnings results on Wednesday, December 5th.

According to Zacks, analysts expect that Ollie’s Bargain Outlet will report full year earnings of $1.76 per share for the current year, with EPS estimates ranging from $1.74 to $1.85. For the next year, analysts expect that the business will post earnings of $2.08 per share, with EPS estimates ranging from $2.02 to $2.17. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Ollie’s Bargain Outlet.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings results on Wednesday, September 5th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.04. The company had revenue of $288.10 million during the quarter, compared to analysts’ expectations of $284.19 million. Ollie’s Bargain Outlet had a return on equity of 12.48% and a net margin of 12.88%. Ollie’s Bargain Outlet’s quarterly revenue was up 13.1% on a year-over-year basis. During the same period last year, the business earned $0.27 earnings per share.

Several brokerages have commented on OLLI. KeyCorp raised their price objective on Ollie’s Bargain Outlet from $100.00 to $108.00 and gave the company a “positive” rating in a report on Monday, October 1st. Morgan Stanley set a $82.00 price objective on Ollie’s Bargain Outlet and gave the company a “hold” rating in a report on Monday, October 22nd. BidaskClub raised Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating in a report on Tuesday, August 14th. Bank of America raised Ollie’s Bargain Outlet from an “underperform” rating to a “buy” rating in a report on Monday, August 20th. Finally, Credit Suisse Group raised their price objective on Ollie’s Bargain Outlet from $92.00 to $96.00 and gave the company an “outperform” rating in a report on Thursday, September 6th. Seven analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Ollie’s Bargain Outlet has a consensus rating of “Buy” and an average target price of $88.25.

Shares of OLLI stock opened at $91.28 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 $5.61 billion, a P/E ratio of 73.02, a P/E/G ratio of 2.04 and a beta of 0.37. Ollie’s Bargain Outlet has a twelve month low of $42.36 and a twelve month high of $97.61.

In other news, CFO Jay Stasz sold 5,337 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of $91.16, for a total value of $486,520.92. Following the sale, the chief financial officer now directly owns 12,733 shares of the company’s stock, valued at $1,160,740.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mark L. Butler sold 90,000 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Wednesday, October 3rd. The stock was sold at an average price of $94.49, for a total value of $8,504,100.00. The disclosure for this sale can be found here. Insiders sold 402,087 shares of company stock worth $36,324,903 over the last ninety days. Corporate insiders own 20.27% of the company’s stock.

Several large investors have recently modified their holdings of the company. Sapphire Star Partners LP boosted its stake in shares of Ollie’s Bargain Outlet by 5.0% in the third quarter. Sapphire Star Partners LP now owns 11,528 shares of the company’s stock worth $1,108,000 after acquiring an additional 551 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in Ollie’s Bargain Outlet by 4.4% during the third quarter. Louisiana State Employees Retirement System now owns 14,100 shares of the company’s stock worth $1,355,000 after buying an additional 600 shares during the last quarter. State Treasurer State of Michigan boosted its stake in Ollie’s Bargain Outlet by 3.3% during the third quarter. State Treasurer State of Michigan now owns 19,000 shares of the company’s stock worth $1,826,000 after buying an additional 600 shares during the last quarter. United Services Automobile Association boosted its stake in Ollie’s Bargain Outlet by 8.6% during the second quarter. United Services Automobile Association now owns 8,072 shares of the company’s stock worth $585,000 after buying an additional 640 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its stake in Ollie’s Bargain Outlet by 8.6% during the second quarter. Commonwealth Equity Services LLC now owns 9,636 shares of the company’s stock worth $699,000 after buying an additional 767 shares during the last quarter. 88.78% of the stock is currently owned by hedge funds and other institutional investors.

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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