Analysts Expect Ollie’s Bargain Outlet (OLLI) to Post $0.37 Earnings Per Share

Equities analysts expect that Ollie’s Bargain Outlet (NASDAQ:OLLI) will post earnings per share of $0.37 for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Ollie’s Bargain Outlet’s earnings, with estimates ranging from $0.35 to $0.39. Ollie’s Bargain Outlet reported earnings of $0.25 per share during the same quarter last year, which indicates a positive year over year growth rate of 48%. The business is expected to announce its next quarterly earnings results on Wednesday, May 30th.

On average, analysts expect that Ollie’s Bargain Outlet will report full year earnings of $1.65 per share for the current financial year, with EPS estimates ranging from $1.44 to $1.69. For the next year, analysts anticipate that the business will post earnings of $1.98 per share, with EPS estimates ranging from $1.94 to $2.02. Zacks’ EPS calculations are an average based on a survey of research firms that cover Ollie’s Bargain Outlet.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings data on Wednesday, April 4th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.02. Ollie’s Bargain Outlet had a net margin of 11.85% and a return on equity of 11.23%. The company had revenue of $356.70 million for the quarter, compared to analysts’ expectations of $349.93 million. During the same quarter in the previous year, the firm posted $0.39 earnings per share. Ollie’s Bargain Outlet’s revenue for the quarter was up 25.9% on a year-over-year basis.

OLLI has been the topic of a number of research analyst reports. Credit Suisse Group initiated coverage on shares of Ollie’s Bargain Outlet in a research report on Wednesday, April 18th. They set an “outperform” rating and a $68.00 price target on the stock. ValuEngine raised shares of Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. KeyCorp upped their price target on shares of Ollie’s Bargain Outlet from $65.00 to $68.00 and gave the company an “overweight” rating in a research report on Wednesday, April 25th. JPMorgan Chase upped their price target on shares of Ollie’s Bargain Outlet from $63.00 to $68.00 and gave the company an “overweight” rating in a research report on Tuesday, April 10th. Finally, Bank of America cut shares of Ollie’s Bargain Outlet from a “buy” rating to a “neutral” rating and set a $65.00 price target on the stock. in a research report on Thursday, April 5th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Ollie’s Bargain Outlet presently has an average rating of “Buy” and a consensus target price of $57.50.

In other news, COO John W. Swygert sold 50,000 shares of the company’s stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $59.32, for a total transaction of $2,966,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Kenneth Robert Bertram sold 4,000 shares of the company’s stock in a transaction dated Tuesday, March 20th. The shares were sold at an average price of $59.65, for a total transaction of $238,600.00. Following the transaction, the vice president now owns 7,958 shares in the company, valued at approximately $474,694.70. The disclosure for this sale can be found here. Insiders have sold 86,626 shares of company stock worth $5,059,409 in the last quarter. Company insiders own 20.27% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. raised its holdings in shares of Ollie’s Bargain Outlet by 3.1% during the fourth quarter. BlackRock Inc. now owns 6,057,562 shares of the company’s stock valued at $322,567,000 after purchasing an additional 179,875 shares during the period. Jane Street Group LLC raised its holdings in shares of Ollie’s Bargain Outlet by 198.1% during the fourth quarter. Jane Street Group LLC now owns 16,197 shares of the company’s stock valued at $862,000 after purchasing an additional 10,764 shares during the period. Pinebridge Investments L.P. raised its holdings in shares of Ollie’s Bargain Outlet by 171.2% during the fourth quarter. Pinebridge Investments L.P. now owns 16,534 shares of the company’s stock valued at $880,000 after purchasing an additional 10,437 shares during the period. Sapphire Star Partners LP acquired a new position in shares of Ollie’s Bargain Outlet during the fourth quarter valued at about $537,000. Finally, Carillon Tower Advisers Inc. acquired a new position in shares of Ollie’s Bargain Outlet during the fourth quarter valued at about $58,331,000. Hedge funds and other institutional investors own 89.36% of the company’s stock.

Shares of Ollie’s Bargain Outlet opened at $66.30 on Monday, MarketBeat reports. The company has a current ratio of 2.22, a quick ratio of 0.35 and a debt-to-equity ratio of 0.05. Ollie’s Bargain Outlet has a twelve month low of $37.60 and a twelve month high of $66.50. The firm has a market capitalization of $4.13 billion, a P/E ratio of 53.04, a price-to-earnings-growth ratio of 1.84 and a beta of 0.14.

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.

Get a free copy of the Zacks research report on Ollie’s Bargain Outlet (OLLI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Ollie's Bargain Outlet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ollie's Bargain Outlet and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply