Zacks: Brokerages Expect Ollie’s Bargain Outlet Holdings, Inc. (OLLI) to Post $0.21 EPS

Equities research analysts expect Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) to announce earnings per share of $0.21 for the current quarter, Zacks reports. Three analysts have made estimates for Ollie’s Bargain Outlet Holdings’ earnings, with the highest EPS estimate coming in at $0.23 and the lowest estimate coming in at $0.19. Ollie’s Bargain Outlet Holdings reported earnings per share of $0.17 in the same quarter last year, which would indicate a positive year-over-year growth rate of 23.5%. The business is expected to announce its next earnings results on Wednesday, December 6th.

On average, analysts expect that Ollie’s Bargain Outlet Holdings will report full year earnings of $1.19 per share for the current fiscal year, with EPS estimates ranging from $1.17 to $1.20. For the next financial year, analysts forecast that the business will report earnings of $1.41 per share, with EPS estimates ranging from $1.36 to $1.50. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Ollie’s Bargain Outlet Holdings.

Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) last released its quarterly earnings results on Tuesday, August 29th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.02. Ollie’s Bargain Outlet Holdings had a net margin of 7.60% and a return on equity of 10.44%. The business had revenue of $254.60 million for the quarter, compared to analyst estimates of $242.85 million. During the same quarter in the previous year, the business earned $0.21 earnings per share. The firm’s revenue was up 20.5% compared to the same quarter last year.

Several research analysts recently weighed in on OLLI shares. TheStreet raised shares of Ollie’s Bargain Outlet Holdings from a “c” rating to a “b-” rating in a research note on Monday, July 17th. Bank of America Corporation reissued a “buy” rating and set a $52.00 price objective on shares of Ollie’s Bargain Outlet Holdings in a research note on Tuesday, September 5th. Jefferies Group LLC reissued a “buy” rating and set a $50.00 price objective (up previously from $48.00) on shares of Ollie’s Bargain Outlet Holdings in a research note on Thursday, August 31st. BidaskClub lowered shares of Ollie’s Bargain Outlet Holdings from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 10th. Finally, Zacks Investment Research raised shares of Ollie’s Bargain Outlet Holdings from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a research note on Wednesday, August 30th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $47.30.

In other Ollie’s Bargain Outlet Holdings news, SVP Omar Segura sold 43,323 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $45.15, for a total transaction of $1,956,033.45. Following the sale, the senior vice president now directly owns 26,000 shares in the company, valued at approximately $1,173,900. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mark L. Butler sold 6,248 shares of the firm’s stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $45.00, for a total transaction of $281,160.00. Following the sale, the chief executive officer now owns 4,880,480 shares in the company, valued at $219,621,600. The disclosure for this sale can be found here. Insiders have sold a total of 1,150,604 shares of company stock worth $52,550,809 over the last 90 days. Corporate insiders own 22.25% of the company’s stock.

A number of hedge funds have recently made changes to their positions in OLLI. BlackRock Inc. raised its holdings in Ollie’s Bargain Outlet Holdings by 213,381.5% during the 1st quarter. BlackRock Inc. now owns 4,826,816 shares of the company’s stock worth $161,699,000 after buying an additional 4,824,555 shares during the period. Capital World Investors acquired a new stake in Ollie’s Bargain Outlet Holdings during the 2nd quarter worth approximately $38,979,000. Kayne Anderson Rudnick Investment Management LLC raised its holdings in Ollie’s Bargain Outlet Holdings by 27.6% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,150,502 shares of the company’s stock worth $91,611,000 after buying an additional 464,939 shares during the period. State Street Corp raised its holdings in Ollie’s Bargain Outlet Holdings by 53.7% during the 2nd quarter. State Street Corp now owns 1,232,162 shares of the company’s stock worth $52,491,000 after buying an additional 430,682 shares during the period. Finally, Vanguard Group Inc. raised its holdings in Ollie’s Bargain Outlet Holdings by 6.9% during the 1st quarter. Vanguard Group Inc. now owns 4,143,766 shares of the company’s stock worth $138,816,000 after buying an additional 266,158 shares during the period. Hedge funds and other institutional investors own 92.20% of the company’s stock.

WARNING: This article was published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this article on another domain, it was illegally stolen and republished in violation of United States & international copyright legislation. The original version of this article can be read at https://www.dispatchtribunal.com/2017/10/28/zacks-brokerages-expect-ollies-bargain-outlet-holdings-inc-olli-to-post-0-21-eps.html.

Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) traded down 1.11% during midday trading on Monday, hitting $44.40. 413,139 shares of the stock were exchanged. The company has a 50 day moving average price of $45.62 and a 200 day moving average price of $45.62. Ollie’s Bargain Outlet Holdings has a one year low of $25.65 and a one year high of $46.90. The firm has a market capitalization of $2.72 billion, a price-to-earnings ratio of 38.28 and a beta of 0.21.

About Ollie’s Bargain Outlet Holdings

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.

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

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

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

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

Leave a Reply