Ollie’s Bargain Outlet (NASDAQ:OLLI) Releases Quarterly Earnings Results, Misses Expectations By $0.11 EPS

Ollie’s Bargain Outlet (NASDAQ:OLLI) announced its quarterly earnings results on Wednesday. The company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.11), Briefing.com reports. Ollie’s Bargain Outlet had a net margin of 11.10% and a return on equity of 13.49%. The company had revenue of $333.90 million during the quarter, compared to analysts’ expectations of $339.83 million. During the same period last year, the firm earned $0.40 earnings per share. Ollie’s Bargain Outlet’s revenue was up 15.9% on a year-over-year basis. Ollie’s Bargain Outlet updated its FY 2019 guidance to $1.95-2.00 EPS and its FY20 guidance to $1.95-2.00 EPS.

Shares of Ollie’s Bargain Outlet stock opened at $56.36 on Friday. Ollie’s Bargain Outlet has a 52-week low of $54.27 and a 52-week high of $103.03. The company has a quick ratio of 0.31, a current ratio of 1.86 and a debt-to-equity ratio of 0.23. The company’s 50-day simple moving average is $81.83 and its 200-day simple moving average is $88.25. The firm has a market cap of $4.90 billion, a price-to-earnings ratio of 30.80, a price-to-earnings-growth ratio of 1.67 and a beta of 0.73.

OLLI has been the subject of a number of research reports. Wells Fargo & Co reissued a “market perform” rating and issued a $60.00 price target (down from $85.00) on shares of Ollie’s Bargain Outlet in a research report on Thursday. Royal Bank of Canada dropped their price objective on shares of Ollie’s Bargain Outlet from $85.00 to $65.00 and set a “sector perform” rating on the stock in a research note on Thursday. ValuEngine lowered shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. BidaskClub upgraded shares of Ollie’s Bargain Outlet from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 22nd. Finally, Dougherty & Co started coverage on shares of Ollie’s Bargain Outlet in a research note on Thursday, May 23rd. They issued a “buy” rating and a $115.00 price objective on the stock. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. Ollie’s Bargain Outlet has a consensus rating of “Hold” and a consensus target price of $82.36.



In other Ollie’s Bargain Outlet news, SVP Omar Segura sold 6,102 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $78.49, for a total transaction of $478,945.98. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Kenneth Robert Bertram sold 8,525 shares of the company’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $95.30, for a total transaction of $812,432.50. Following the transaction, the vice president now owns 18,967 shares in the company, valued at $1,807,555.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,627 shares of company stock worth $2,165,878. Company insiders own 16.36% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. Optimum Investment Advisors acquired a new position in Ollie’s Bargain Outlet during the second quarter worth about $26,000. Intercontinental Wealth Advisors LLC purchased a new stake in shares of Ollie’s Bargain Outlet in the second quarter valued at about $39,000. NumerixS Investment Technologies Inc purchased a new stake in shares of Ollie’s Bargain Outlet in the second quarter valued at about $44,000. Private Capital Group LLC lifted its holdings in shares of Ollie’s Bargain Outlet by 166.3% in the second quarter. Private Capital Group LLC now owns 522 shares of the company’s stock valued at $38,000 after purchasing an additional 326 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC purchased a new stake in shares of Ollie’s Bargain Outlet in the second quarter valued at about $58,000. Institutional investors own 84.99% of the company’s stock.

Ollie’s Bargain Outlet Company Profile

Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise. The company offers food products, housewares, books and stationery, bed and bath products, health and beauty products, floor coverings, electronics, and toys; and other products, including hardware, personal health care, candy, clothing, sporting, pet and lawn, and garden products.

Further Reading: What can cause a stock to outperform?

Earnings History for Ollie`s Bargain Outlet (NASDAQ:OLLI)

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