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

Analysts predict that Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) will announce $0.31 earnings per share (EPS) for the current quarter, Zacks reports. Four analysts have made estimates for Ollie’s Bargain Outlet’s earnings. The lowest EPS estimate is $0.30 and the highest is $0.32. Ollie’s Bargain Outlet posted earnings per share of $0.22 in the same quarter last year, which indicates a positive year over year growth rate of 40.9%. The company is expected to announce its next quarterly earnings report after the market closes on Tuesday, December 4th.

On average, analysts expect that Ollie’s Bargain Outlet will report full year earnings of $1.77 per share for the current financial year, with EPS estimates ranging from $1.74 to $1.85. For the next financial year, analysts forecast that the firm will post earnings of $2.09 per share, with EPS estimates ranging from $2.02 to $2.17. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that cover Ollie’s Bargain Outlet.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings results on Wednesday, September 5th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.04. The firm had revenue of $288.10 million for 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%. The firm’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.27 earnings per share.

Several research firms have issued reports on OLLI. KeyCorp lifted their price target on shares of Ollie’s Bargain Outlet from $100.00 to $108.00 and gave the stock a “positive” rating in a research report on Monday, October 1st. BidaskClub upgraded shares of Ollie’s Bargain Outlet from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 28th. Morgan Stanley set a $82.00 price target on shares of Ollie’s Bargain Outlet and gave the stock a “hold” rating in a research report on Monday, October 22nd. Bank of America upgraded shares of Ollie’s Bargain Outlet from an “underperform” rating to a “buy” rating in a research report on Monday, August 20th. Finally, Credit Suisse Group lifted their price target on shares of Ollie’s Bargain Outlet from $92.00 to $96.00 and gave the stock an “outperform” rating in a research report on Thursday, September 6th. Seven research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. Ollie’s Bargain Outlet has a consensus rating of “Buy” and an average price target of $88.25.

Ollie’s Bargain Outlet stock opened at $88.70 on Monday. The company has a current ratio of 2.51, a quick ratio of 0.31 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $5.56 billion, a price-to-earnings ratio of 70.96, a price-to-earnings-growth ratio of 2.02 and a beta of 0.37. Ollie’s Bargain Outlet has a 1 year low of $45.15 and a 1 year high of $97.61.

In related news, VP Kenneth Robert Bertram sold 9,000 shares of the firm’s stock in a transaction that occurred on Monday, November 12th. The shares were sold at an average price of $91.32, for a total value of $821,880.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mark L. Butler sold 90,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 3rd. The stock was sold at an average price of $94.49, for a total transaction of $8,504,100.00. The disclosure for this sale can be found here. Insiders sold a total of 425,337 shares of company stock valued at $38,781,701 in the last ninety days. Company insiders own 20.27% of the company’s stock.

Several large investors have recently modified their holdings of OLLI. Harvest Fund Management Co. Ltd boosted its stake in shares of Ollie’s Bargain Outlet by 290.0% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 1,568 shares of the company’s stock valued at $151,000 after buying an additional 1,166 shares during the period. Parallel Advisors LLC boosted its stake in shares of Ollie’s Bargain Outlet by 414.7% during the 3rd quarter. Parallel Advisors LLC now owns 1,750 shares of the company’s stock valued at $168,000 after buying an additional 1,410 shares during the period. Glenmede Trust Co. NA boosted its stake in shares of Ollie’s Bargain Outlet by 92.8% during the 3rd quarter. Glenmede Trust Co. NA now owns 1,897 shares of the company’s stock valued at $181,000 after buying an additional 913 shares during the period. Norris Perne & French LLP MI acquired a new stake in shares of Ollie’s Bargain Outlet during the 3rd quarter valued at $203,000. Finally, Verition Fund Management LLC acquired a new stake in shares of Ollie’s Bargain Outlet during the 2nd quarter valued at $214,000. 86.52% of the stock is owned by institutional investors.

Ollie’s Bargain Outlet Company Profile

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

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