Ollie's Bargain Outlet Holdings Inc (NASDAQ:OLLI) – Investment analysts at Jefferies Group cut their Q1 2019 EPS estimates for shares of Ollie's Bargain Outlet in a research report issued on Wednesday, April 4th. Jefferies Group analyst D. Binder now anticipates that the company will earn $0.35 per share for the quarter, down from their prior estimate of $0.36. Jefferies Group also issued estimates for Ollie's Bargain Outlet’s FY2019 earnings at $1.69 EPS and FY2020 earnings at $1.96 EPS.
Other equities research analysts also recently issued reports about the stock. BidaskClub downgraded shares of Ollie's Bargain Outlet from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 5th. Piper Jaffray reissued a “buy” rating and set a $71.00 target price on shares of Ollie's Bargain Outlet in a research report on Tuesday, January 9th. Bank of America boosted their price target on shares of Ollie's Bargain Outlet from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, March 13th. Zacks Investment Research cut shares of Ollie's Bargain Outlet from a “buy” rating to a “hold” rating in a report on Thursday, March 8th. Finally, MKM Partners set a $59.00 price target on shares of Ollie's Bargain Outlet and gave the stock a “hold” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $55.92.
Ollie's Bargain Outlet (NASDAQ:OLLI) last posted its earnings results on Wednesday, April 4th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.49 by $0.02. The company had revenue of $356.70 million during the quarter, compared to the consensus estimate of $349.93 million. Ollie's Bargain Outlet had a net margin of 11.85% and a return on equity of 11.23%. The firm’s revenue for the quarter was up 25.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.39 earnings per share.
In other Ollie's Bargain Outlet news, COO John W. Swygert sold 50,000 shares of the business’s stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $59.32, for a total value of $2,966,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Kenneth Robert Bertram sold 4,000 shares of the business’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 completion of the transaction, the vice president now owns 7,958 shares in the company, valued at $474,694.70. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 95,742 shares of company stock worth $5,567,718. 22.25% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Ollie's Bargain Outlet by 50.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,972 shares of the company’s stock valued at $158,000 after acquiring an additional 992 shares during the last quarter. Navellier & Associates Inc purchased a new position in Ollie's Bargain Outlet in the fourth quarter valued at about $201,000. Stone Ridge Asset Management LLC purchased a new position in Ollie's Bargain Outlet in the fourth quarter valued at about $234,000. Raymond James Financial Services Advisors Inc. purchased a new position in Ollie's Bargain Outlet in the fourth quarter valued at about $237,000. Finally, First Heartland Consultants Inc. purchased a new position in Ollie's Bargain Outlet in the third quarter valued at about $207,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.
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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.
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