Ollie's Bargain Outlet (NASDAQ:OLLI) updated its FY18 earnings guidance on Friday. The company provided EPS guidance of $1.23 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.23. The company issued revenue guidance of $1.070 billion, compared to the consensus revenue estimate of $1.06 billion.
A number of research firms have issued reports on OLLI. BidaskClub upgraded shares of Ollie's Bargain Outlet from a hold rating to a buy rating in a report on Thursday, December 7th. Morgan Stanley set a $48.00 price objective on shares of Ollie's Bargain Outlet and gave the company a hold rating in a research report on Thursday, December 7th. JPMorgan Chase & Co. increased their price objective on shares of Ollie's Bargain Outlet from $47.00 to $61.00 in a research report on Thursday, December 7th. KeyCorp reissued a buy rating and issued a $55.00 price objective (up from $50.00) on shares of Ollie's Bargain Outlet in a research report on Thursday, December 7th. Finally, Piper Jaffray Companies reissued a buy rating and issued a $71.00 price objective on shares of Ollie's Bargain Outlet in a research report on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $51.54.
Shares of Ollie's Bargain Outlet (NASDAQ OLLI) traded up $0.95 during trading hours on Friday, reaching $57.95. 358,051 shares of the company were exchanged, compared to its average volume of 602,815. The firm has a market cap of $3,570.00 and a PE ratio of 45.27. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.36 and a current ratio of 2.53. Ollie's Bargain Outlet has a 12-month low of $28.90 and a 12-month high of $58.10.
Ollie's Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings results on Wednesday, December 6th. The company reported $0.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.01. Ollie's Bargain Outlet had a net margin of 8.17% and a return on equity of 10.55%. The firm had revenue of $238.10 million during the quarter, compared to analysts’ expectations of $233.77 million. During the same quarter in the prior year, the business earned $0.17 EPS. Ollie's Bargain Outlet’s quarterly revenue was up 17.9% compared to the same quarter last year. analysts anticipate that Ollie's Bargain Outlet will post 1.24 earnings per share for the current fiscal year.
In other news, Director Thomas Hendrickson sold 9,116 shares of the firm’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $55.76, for a total value of $508,308.16. Following the completion of the sale, the director now owns 1,233 shares in the company, valued at approximately $68,752.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mark L. Butler sold 227,843 shares of the firm’s stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $47.02, for a total transaction of $10,713,177.86. Following the completion of the sale, the chief executive officer now owns 4,356 shares of the company’s stock, valued at approximately $204,819.12. The disclosure for this sale can be found here. Insiders sold a total of 992,956 shares of company stock valued at $47,481,779 in the last 90 days. Company insiders own 22.25% 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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