Ollie's Bargain Outlet Holdings Inc (OLLI) Forecasted to Post Q1 2019 Earnings of $0.38 Per Share

Ollie's Bargain Outlet Holdings Inc (NASDAQ:OLLI) – Equities researchers at KeyCorp issued their Q1 2019 earnings per share estimates for Ollie's Bargain Outlet in a research report issued on Wednesday, April 4th. KeyCorp analyst B. Thomas forecasts that the company will earn $0.38 per share for the quarter. KeyCorp has a “Overweight” rating and a $65.00 price target on the stock. KeyCorp also issued estimates for Ollie's Bargain Outlet’s Q2 2019 earnings at $0.36 EPS, Q3 2019 earnings at $0.31 EPS, Q4 2019 earnings at $0.63 EPS and FY2020 earnings at $1.95 EPS.

How to Become a New Pot Stock Millionaire

A number of other equities analysts have also recently commented on OLLI. BidaskClub raised Ollie's Bargain Outlet from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 22nd. Stephens reaffirmed an “overweight” rating and issued a $56.00 price target (up from $54.00) on shares of Ollie's Bargain Outlet in a research note on Monday, January 8th. Piper Jaffray reaffirmed a “buy” rating and issued a $71.00 price target on shares of Ollie's Bargain Outlet in a research note on Tuesday, January 9th. Zacks Investment Research cut Ollie's Bargain Outlet from a “buy” rating to a “hold” rating in a research note on Thursday, March 8th. Finally, Bank of America lifted their price target on Ollie's Bargain Outlet from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, March 13th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, six 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 “Hold” and a consensus price target of $55.92.

Shares of Ollie's Bargain Outlet stock opened at $58.95 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.36 and a current ratio of 2.53. The company has a market capitalization of $3,727.17, a price-to-earnings ratio of 47.16, a P/E/G ratio of 1.56 and a beta of 0.14. Ollie's Bargain Outlet has a one year low of $33.20 and a one year high of $62.05.

Ollie's Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data on Wednesday, April 4th. The company reported $0.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.02. The company had revenue of $356.70 million for the quarter, compared to analysts’ expectations of $349.93 million. Ollie's Bargain Outlet had a return on equity of 11.62% and a net margin of 11.85%. Ollie's Bargain Outlet’s revenue for the quarter was up 25.9% compared to the same quarter last year. During the same period last year, the firm posted $0.39 EPS.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Ollie's Bargain Outlet by 50.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,972 shares of the company’s stock valued at $158,000 after purchasing an additional 992 shares in the last quarter. Navellier & Associates Inc bought a new stake in shares of Ollie's Bargain Outlet during the fourth quarter valued at approximately $201,000. First Heartland Consultants Inc. bought a new stake in shares of Ollie's Bargain Outlet during the third quarter valued at approximately $207,000. Shelton Capital Management bought a new stake in shares of Ollie's Bargain Outlet during the third quarter valued at approximately $213,000. Finally, Stone Ridge Asset Management LLC bought a new stake in shares of Ollie's Bargain Outlet during the fourth quarter valued at approximately $234,000. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

In other news, VP Howard Freedman sold 8,300 shares of the business’s stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $59.08, for a total transaction of $490,364.00. Following the transaction, the vice president now directly owns 34,670 shares of the company’s stock, valued at $2,048,303.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Kenneth Robert Bertram sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 20th. The shares were sold at an average price of $59.65, for a total value of $238,600.00. Following the transaction, the vice president now directly owns 7,958 shares in the company, valued at $474,694.70. The disclosure for this sale can be found here. Insiders have sold 95,742 shares of company stock worth $5,567,718 over the last three months. Insiders own 22.25% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This article was first posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this article on another domain, it was stolen and reposted in violation of US and international copyright & trademark law. The legal version of this article can be read at https://www.dispatchtribunal.com/2018/04/07/ollies-bargain-outlet-holdings-inc-olli-forecasted-to-post-q1-2019-earnings-of-0-38-per-share-2.html.

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.

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

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

Leave a Reply