Ollie's Bargain Outlet Holdings Inc (NASDAQ:OLLI) – Analysts at Jefferies Group cut their Q1 2019 earnings per share (EPS) estimates for shares of Ollie's Bargain Outlet in a research note issued on Monday. Jefferies Group analyst D. Binder now expects that the company will post earnings of $0.36 per share for the quarter, down from their prior forecast of $0.37. Jefferies Group has a “Buy” rating and a $57.00 price objective on the stock. Jefferies Group also issued estimates for Ollie's Bargain Outlet’s FY2019 earnings at $1.77 EPS, FY2020 earnings at $2.08 EPS, FY2021 earnings at $2.47 EPS and FY2022 earnings at $3.00 EPS.
OLLI has been the topic of a number of other research reports. Stephens assumed coverage on Ollie's Bargain Outlet in a research report on Tuesday, October 31st. They set an “overweight” rating and a $53.00 target price on the stock. BidaskClub upgraded Ollie's Bargain Outlet from a “hold” rating to a “buy” rating in a research report on Thursday, December 7th. Zacks Investment Research cut Ollie's Bargain Outlet from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. JPMorgan Chase & Co. boosted their price target on Ollie's Bargain Outlet from $47.00 to $61.00 in a research report on Thursday, December 7th. Finally, Citigroup assumed coverage on Ollie's Bargain Outlet in a research report on Friday, November 17th. They issued a “sell” rating and a $39.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the stock. Ollie's Bargain Outlet has an average rating of “Buy” and an average price target of $51.54.
Ollie's Bargain Outlet (NASDAQ:OLLI) traded up $1.50 on Thursday, hitting $55.50. The stock had a trading volume of 695,481 shares, compared to its average volume of 585,593. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.53 and a quick ratio of 0.36. Ollie's Bargain Outlet has a twelve month low of $28.90 and a twelve month high of $56.65. The firm has a market capitalization of $3,329.48, a PE ratio of 47.79, a P/E/G ratio of 1.86 and a beta of 0.18.
Ollie's Bargain Outlet (NASDAQ:OLLI) last posted its earnings results on Wednesday, December 6th. The company reported $0.22 EPS for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.01. Ollie's Bargain Outlet had a return on equity of 10.55% and a net margin of 8.17%. The business had revenue of $238.10 million for the quarter, compared to analysts’ expectations of $233.77 million. During the same quarter in the previous year, the firm earned $0.17 earnings per share. The business’s revenue was up 17.9% compared to the same quarter last year.
In related news, CEO Mark L. Butler sold 152,102 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $47.02, for a total value of $7,151,836.04. Following the transaction, the chief executive officer now owns 4,356 shares in the company, valued at approximately $204,819.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mark L. Butler sold 227,843 shares of the business’s stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $47.02, for a total value of $10,713,177.86. Following the completion of the transaction, the chief executive officer now owns 4,356 shares in the company, valued at approximately $204,819.12. The disclosure for this sale can be found here. Insiders sold a total of 983,840 shares of company stock worth $46,973,471 in the last 90 days. 22.25% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Advisor Group Inc. increased its position in Ollie's Bargain Outlet by 23.2% during the 2nd quarter. Advisor Group Inc. now owns 2,853 shares of the company’s stock worth $122,000 after purchasing an additional 537 shares during the period. D.A. Davidson & CO. increased its position in Ollie's Bargain Outlet by 14.9% during the 2nd quarter. D.A. Davidson & CO. now owns 3,442 shares of the company’s stock worth $146,000 after purchasing an additional 447 shares during the period. Ameritas Investment Partners Inc. increased its position in Ollie's Bargain Outlet by 165.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,180 shares of the company’s stock worth $178,000 after purchasing an additional 2,604 shares during the period. Royal Bank of Canada increased its position in Ollie's Bargain Outlet by 302.7% during the 2nd quarter. Royal Bank of Canada now owns 4,257 shares of the company’s stock worth $182,000 after purchasing an additional 3,200 shares during the period. Finally, First Heartland Consultants Inc. acquired a new position in Ollie's Bargain Outlet during the 3rd quarter worth approximately $207,000. Institutional investors own 89.66% of the company’s stock.
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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.
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