Zacks: Analysts Anticipate Ollie’s Bargain Outlet Holdings Inc (OLLI) Will Post Earnings of $0.66 Per Share

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Analysts expect that Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) will post earnings per share of $0.66 for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Ollie’s Bargain Outlet’s earnings, with the highest EPS estimate coming in at $0.73 and the lowest estimate coming in at $0.64. Ollie’s Bargain Outlet reported earnings of $0.51 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 29.4%. The firm is scheduled to issue its next earnings results on Wednesday, April 3rd.

According to Zacks, analysts expect that Ollie’s Bargain Outlet will report full year earnings of $1.77 per share for the current year, with EPS estimates ranging from $1.75 to $1.85. For the next fiscal year, analysts forecast that the firm will report earnings of $2.09 per share, with EPS estimates ranging from $2.02 to $2.17. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Ollie’s Bargain Outlet.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings results on Tuesday, December 4th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.01. Ollie’s Bargain Outlet had a return on equity of 12.66% and a net margin of 12.89%. The business had revenue of $283.60 million during the quarter, compared to the consensus estimate of $278.62 million. During the same quarter last year, the firm posted $0.22 EPS. The company’s quarterly revenue was up 19.1% on a year-over-year basis.

Several equities research analysts have issued reports on OLLI shares. Royal Bank of Canada downgraded Ollie’s Bargain Outlet from an “outperform” rating to a “sector perform” rating and set a $95.00 price target for the company. in a report on Monday, November 5th. They noted that the move was a valuation call. KeyCorp raised their price target on Ollie’s Bargain Outlet from $80.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, September 6th. BidaskClub raised Ollie’s Bargain Outlet from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 28th. Morgan Stanley set a $75.00 price target on Ollie’s Bargain Outlet and gave the company an “equal weight” rating in a report on Thursday, September 6th. Finally, Loop Capital raised their price target on Ollie’s Bargain Outlet to $85.00 and gave the company a “hold” rating in a report on Friday, September 7th. Seven equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $90.33.

Ollie’s Bargain Outlet stock traded down $2.77 during mid-day trading on Monday, hitting $69.13. 2,540,025 shares of the company’s stock traded hands, compared to its average volume of 859,531. Ollie’s Bargain Outlet has a fifty-two week low of $47.76 and a fifty-two week high of $97.61. The company has a market capitalization of $4.51 billion, a price-to-earnings ratio of 55.30, a P/E/G ratio of 1.64 and a beta of 0.34. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.03 and a quick ratio of 0.31.

In other news, CEO Mark L. Butler sold 80,000 shares of Ollie’s Bargain Outlet stock in a transaction on Tuesday, December 4th. The stock was sold at an average price of $88.95, for a total transaction of $7,116,000.00. Following the completion of the sale, the chief executive officer now owns 2,650,242 shares of the company’s stock, valued at $235,739,025.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Mark L. Butler sold 90,000 shares of Ollie’s Bargain Outlet stock in a transaction 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 have sold 485,337 shares of company stock valued at $44,137,101 in the last three months. Insiders own 20.27% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in shares of Ollie’s Bargain Outlet by 4.7% during the third quarter. BlackRock Inc. now owns 5,727,645 shares of the company’s stock worth $550,427,000 after buying an additional 259,631 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Ollie’s Bargain Outlet by 2.5% during the third quarter. Vanguard Group Inc. now owns 4,696,518 shares of the company’s stock worth $451,335,000 after buying an additional 113,986 shares in the last quarter. Capital World Investors lifted its holdings in shares of Ollie’s Bargain Outlet by 61.7% during the third quarter. Capital World Investors now owns 1,317,892 shares of the company’s stock worth $126,649,000 after buying an additional 502,892 shares in the last quarter. OppenheimerFunds Inc. lifted its holdings in shares of Ollie’s Bargain Outlet by 43.0% during the second quarter. OppenheimerFunds Inc. now owns 1,034,182 shares of the company’s stock worth $74,978,000 after buying an additional 310,828 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Ollie’s Bargain Outlet by 0.5% during the third quarter. Bank of New York Mellon Corp now owns 950,375 shares of the company’s stock worth $91,331,000 after buying an additional 4,733 shares in the last quarter. 90.73% 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.

See Also: Leveraged Buyout (LBO)

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

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