Analysts Anticipate Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) to Announce $0.39 EPS

Equities analysts expect Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) to post $0.39 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Ollie’s Bargain Outlet’s earnings, with estimates ranging from $0.36 to $0.40. Ollie’s Bargain Outlet posted earnings per share of $0.32 during the same quarter last year, which suggests a positive year-over-year growth rate of 21.9%. The company is expected to announce its next quarterly earnings report on Tuesday, December 3rd.

On average, analysts expect that Ollie’s Bargain Outlet will report full year earnings of $1.97 per share for the current financial year, with EPS estimates ranging from $1.94 to $2.00. For the next year, analysts forecast that the company will report earnings of $2.32 per share, with EPS estimates ranging from $2.22 to $2.44. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Ollie’s Bargain Outlet.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings data on Wednesday, August 28th. The company reported $0.35 EPS for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.11). The business had revenue of $333.90 million during the quarter, compared to analyst estimates of $339.83 million. Ollie’s Bargain Outlet had a net margin of 10.37% and a return on equity of 12.67%. The firm’s revenue was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.40 EPS.

OLLI has been the subject of several recent research reports. Loop Capital decreased their price target on shares of Ollie’s Bargain Outlet to $75.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. KeyCorp decreased their price target on shares of Ollie’s Bargain Outlet from $110.00 to $90.00 and set an “overweight” rating for the company in a research report on Thursday, August 29th. Morgan Stanley decreased their price target on shares of Ollie’s Bargain Outlet from $89.00 to $70.00 and set an “equal weight” rating for the company in a research report on Friday, August 30th. Credit Suisse Group reissued an “outperform” rating and issued a $78.00 price target (down previously from $103.00) on shares of Ollie’s Bargain Outlet in a research report on Thursday, August 29th. Finally, BidaskClub raised shares of Ollie’s Bargain Outlet from a “sell” rating to a “hold” rating in a research report on Friday, October 18th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $80.00.

OLLI stock traded up $0.30 during mid-day trading on Monday, reaching $64.79. The company’s stock had a trading volume of 624,100 shares, compared to its average volume of 769,296. The company has a current ratio of 2.13, a quick ratio of 0.41 and a debt-to-equity ratio of 0.26. Ollie’s Bargain Outlet has a fifty-two week low of $53.60 and a fifty-two week high of $103.03. The stock has a market cap of $4.06 billion, a PE ratio of 35.40, a P/E/G ratio of 1.52 and a beta of 0.88. The company’s 50 day moving average is $61.96 and its two-hundred day moving average is $78.75.

In other news, Director Stanley Fleishman acquired 2,000 shares of Ollie’s Bargain Outlet stock in a transaction dated Wednesday, September 11th. The shares were acquired at an average cost of $64.66 per share, for a total transaction of $129,320.00. Following the acquisition, the director now owns 43,974 shares of the company’s stock, valued at $2,843,358.84. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Kevin Mclain sold 5,750 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $65.39, for a total transaction of $375,992.50. Following the completion of the sale, the senior vice president now owns 5,750 shares in the company, valued at $375,992.50. The disclosure for this sale can be found here. 16.36% of the stock is currently owned by company insiders.

A number of large investors have recently made changes to their positions in OLLI. Price T Rowe Associates Inc. MD raised its stake in Ollie’s Bargain Outlet by 119.7% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 5,616,150 shares of the company’s stock worth $489,223,000 after acquiring an additional 3,059,692 shares in the last quarter. Invesco Ltd. raised its stake in Ollie’s Bargain Outlet by 117.4% during the 2nd quarter. Invesco Ltd. now owns 1,583,498 shares of the company’s stock worth $137,938,000 after acquiring an additional 855,278 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in Ollie’s Bargain Outlet by 379.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 588,102 shares of the company’s stock worth $34,486,000 after acquiring an additional 465,454 shares in the last quarter. Morgan Stanley increased its stake in Ollie’s Bargain Outlet by 212.2% in the second quarter. Morgan Stanley now owns 394,129 shares of the company’s stock valued at $34,332,000 after purchasing an additional 267,876 shares during the period. Finally, Macquarie Group Ltd. increased its stake in Ollie’s Bargain Outlet by 1,027.7% in the second quarter. Macquarie Group Ltd. now owns 258,266 shares of the company’s stock valued at $22,498,000 after purchasing an additional 235,365 shares during the period. Hedge funds and other institutional investors own 90.73% 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.

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

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