Ollie's Bargain Outlet Holdings Inc Forecasted to Post Q1 2019 Earnings of $0.36 Per Share (OLLI)

Ollie's Bargain Outlet Holdings Inc (NASDAQ:OLLI) – Research analysts at Jefferies Group dropped their Q1 2019 earnings estimates for Ollie's Bargain Outlet in a research report issued on Monday, according to Zacks Investment Research. Jefferies Group analyst D. Binder now expects that the company will post earnings per share of $0.36 for the quarter, down from their previous estimate of $0.37. Jefferies Group currently has a “Buy” rating and a $57.00 target price 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.

Other equities research analysts also recently issued research reports about the stock. BidaskClub upgraded shares of Ollie's Bargain Outlet from a “hold” rating to a “buy” rating in a research note on Thursday, December 7th. Morgan Stanley set a $48.00 target price on shares of Ollie's Bargain Outlet and gave the company a “hold” rating in a research note on Thursday, December 7th. JPMorgan Chase & Co. boosted their target price on shares of Ollie's Bargain Outlet from $47.00 to $61.00 in a research note on Thursday, December 7th. KeyCorp reaffirmed a “buy” rating and issued a $55.00 price target (up from $50.00) on shares of Ollie's Bargain Outlet in a report on Thursday, December 7th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $71.00 price target on shares of Ollie's Bargain Outlet in a report on Tuesday, January 9th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $51.54.

Shares of Ollie's Bargain Outlet (NASDAQ OLLI) opened at $53.75 on Thursday. Ollie's Bargain Outlet has a 52 week low of $30.55 and a 52 week high of $58.50. The company has a quick ratio of 0.36, a current ratio of 2.53 and a debt-to-equity ratio of 0.16. The company has a market cap of $3,310.00 and a price-to-earnings ratio of 41.99.

Ollie's Bargain Outlet (NASDAQ:OLLI) last issued its earnings results on Wednesday, December 6th. The company reported $0.22 EPS for the quarter, beating the Thomson Reuters’ 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 company had revenue of $238.10 million for the quarter, compared to the consensus estimate of $233.77 million. During the same quarter in the previous year, the company earned $0.17 EPS. The firm’s revenue for the quarter was up 17.9% compared to the same quarter last year.

In other Ollie's Bargain Outlet news, Director Thomas Hendrickson sold 9,116 shares of the business’s stock in a transaction dated 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 sale, the director now directly owns 1,233 shares of the company’s stock, valued at approximately $68,752.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 of the company’s stock, valued at $204,819.12. The disclosure for this sale can be found here. Insiders have sold a total of 992,956 shares of company stock valued at $47,481,779 over the last three months. Company insiders own 22.25% of the company’s stock.

Several institutional investors have recently bought and sold shares of OLLI. Schwab Charles Investment Management Inc. grew its position in shares of Ollie's Bargain Outlet by 31.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 199,683 shares of the company’s stock valued at $8,507,000 after purchasing an additional 48,299 shares during the period. Legal & General Group Plc grew its position in shares of Ollie's Bargain Outlet by 27.0% in the 2nd quarter. Legal & General Group Plc now owns 91,937 shares of the company’s stock valued at $3,911,000 after purchasing an additional 19,529 shares during the period. Prudential Financial Inc. grew its position in shares of Ollie's Bargain Outlet by 65.2% in the 2nd quarter. Prudential Financial Inc. now owns 131,130 shares of the company’s stock valued at $5,586,000 after purchasing an additional 51,740 shares during the period. Principal Financial Group Inc. grew its position in shares of Ollie's Bargain Outlet by 3.3% in the 2nd quarter. Principal Financial Group Inc. now owns 395,988 shares of the company’s stock valued at $16,869,000 after purchasing an additional 12,494 shares during the period. Finally, Swiss National Bank grew its position in shares of Ollie's Bargain Outlet by 2.5% in the 2nd quarter. Swiss National Bank now owns 81,700 shares of the company’s stock valued at $3,480,000 after purchasing an additional 2,000 shares during the period. Institutional investors own 89.57% of the company’s stock.

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Ollie's Bargain Outlet Company Profile

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

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