FY2019 EPS Estimates for Ollie's Bargain Outlet Holdings Inc (OLLI) Decreased by Analyst

Ollie's Bargain Outlet Holdings Inc (NASDAQ:OLLI) – Research analysts at KeyCorp cut their FY2019 earnings per share (EPS) estimates for Ollie's Bargain Outlet in a research note issued on Wednesday, April 4th. KeyCorp analyst B. Thomas now expects that the company will post earnings of $1.68 per share for the year, down from their previous forecast of $1.73. KeyCorp has a “Overweight” rating and a $65.00 price objective on the stock.

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Ollie's Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings data on Wednesday, April 4th. The company reported $0.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.02. Ollie's Bargain Outlet had a return on equity of 11.23% and a net margin of 11.85%. The firm had revenue of $356.70 million during the quarter, compared to the consensus estimate of $349.93 million. During the same period in the prior year, the company earned $0.39 EPS. The firm’s revenue was up 25.9% compared to the same quarter last year.

OLLI has been the subject of several other reports. BidaskClub downgraded Ollie's Bargain Outlet from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 10th. Royal Bank of Canada increased their price objective on Ollie's Bargain Outlet to $63.00 and gave the company an “outperform” rating in a research note on Thursday. MKM Partners set a $59.00 price objective on Ollie's Bargain Outlet and gave the company a “hold” rating in a research note on Wednesday, March 28th. Bank of America increased their price objective on Ollie's Bargain Outlet from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, March 13th. Finally, Stephens restated an “overweight” rating and issued a $56.00 target price (up from $54.00) on shares of Ollie's Bargain Outlet in a report on Monday, January 8th. One analyst has rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $55.92.

NASDAQ OLLI opened at $58.95 on Monday. Ollie's Bargain Outlet has a one year low of $33.20 and a one year high of $62.05. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.22 and a quick ratio of 0.36. The firm has a market capitalization of $3,666.87, a P/E ratio of 47.16, a PEG ratio of 1.50 and a beta of 0.14.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Ollie's Bargain Outlet by 50.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,972 shares of the company’s stock worth $158,000 after purchasing an additional 992 shares during the period. First Mercantile Trust Co. grew its holdings in shares of Ollie's Bargain Outlet by 18.9% during the 4th quarter. First Mercantile Trust Co. now owns 6,254 shares of the company’s stock worth $333,000 after purchasing an additional 994 shares during the period. Profund Advisors LLC grew its holdings in shares of Ollie's Bargain Outlet by 17.5% during the 4th quarter. Profund Advisors LLC now owns 7,429 shares of the company’s stock worth $396,000 after purchasing an additional 1,107 shares during the period. Louisiana State Employees Retirement System grew its holdings in shares of Ollie's Bargain Outlet by 6.0% during the 4th quarter. Louisiana State Employees Retirement System now owns 21,100 shares of the company’s stock worth $1,124,000 after purchasing an additional 1,200 shares during the period. Finally, Brown Advisory Inc. grew its holdings in shares of Ollie's Bargain Outlet by 17.2% during the 4th quarter. Brown Advisory Inc. now owns 10,421 shares of the company’s stock worth $555,000 after purchasing an additional 1,532 shares during the period. Institutional investors and hedge funds own 91.77% of the company’s stock.

In other news, Director Thomas Hendrickson sold 9,116 shares of the stock in a transaction on Friday, January 19th. The stock was sold at an average price of $55.76, for a total transaction of $508,308.16. Following the completion of the transaction, the director now directly owns 1,233 shares in the company, valued at approximately $68,752.08. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Kevin Mclain sold 24,326 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $56.09, for a total value of $1,364,445.34. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 95,742 shares of company stock valued at $5,567,718. 22.25% of the stock is owned by company insiders.

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About Ollie's Bargain Outlet

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.

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

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