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.
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.
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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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