Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) Expected to Earn FY2020 Earnings of $1.98 Per Share

Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) – Equities research analysts at KeyCorp raised their FY2020 earnings per share estimates for shares of Ollie’s Bargain Outlet in a research note issued to investors on Tuesday, December 10th. KeyCorp analyst B. Thomas now expects that the company will post earnings per share of $1.98 for the year, up from their prior estimate of $1.97. KeyCorp has a “Overweight” rating and a $90.00 price objective on the stock. KeyCorp also issued estimates for Ollie’s Bargain Outlet’s FY2021 earnings at $2.35 EPS.

A number of other research firms have also recently issued reports on OLLI. Royal Bank of Canada boosted their price objective on Ollie’s Bargain Outlet from $69.00 to $76.00 and gave the company an “outperform” rating in a research report on Wednesday. Piper Jaffray Companies restated an “overweight” rating and set a $86.00 price objective (up from $70.00) on shares of Ollie’s Bargain Outlet in a research report on Wednesday. Wells Fargo & Co restated a “hold” rating on shares of Ollie’s Bargain Outlet in a research report on Friday, December 6th. Credit Suisse Group restated an “outperform” rating and set a $78.00 price objective (down from $103.00) on shares of Ollie’s Bargain Outlet in a research report on Thursday, August 29th. Finally, Citigroup lowered their price objective on Ollie’s Bargain Outlet from $95.00 to $65.00 and set a “neutral” rating on the stock in a research report on Thursday, August 29th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Ollie’s Bargain Outlet currently has an average rating of “Buy” and a consensus target price of $82.08.

Shares of NASDAQ OLLI opened at $68.96 on Friday. The company has a quick ratio of 0.41, a current ratio of 2.14 and a debt-to-equity ratio of 0.28. The business’s 50 day moving average is $64.20 and its two-hundred day moving average is $73.87. The company has a market cap of $4.41 billion, a P/E ratio of 37.68, a P/E/G ratio of 1.66 and a beta of 0.87. Ollie’s Bargain Outlet has a 12 month low of $53.60 and a 12 month high of $103.03.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings results on Tuesday, December 10th. The company reported $0.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.03. The company had revenue of $327.05 million for the quarter, compared to the consensus estimate of $322.56 million. Ollie’s Bargain Outlet had a return on equity of 12.89% and a net margin of 10.20%. The company’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.32 EPS.

In related news, SVP Kevin Mclain sold 5,750 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $65.39, for a total value of $375,992.50. Following the sale, the senior vice president now owns 5,750 shares of the company’s stock, valued at approximately $375,992.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO John W. Swygert sold 25,000 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $70.00, for a total value of $1,750,000.00. Following the completion of the sale, the chief executive officer now directly owns 44,156 shares in the company, valued at approximately $3,090,920. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 54,270 shares of company stock worth $3,642,131. 16.36% of the stock is currently owned by company insiders.

A number of hedge funds have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD boosted its stake in Ollie’s Bargain Outlet by 119.7% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 5,616,150 shares of the company’s stock valued at $489,223,000 after buying an additional 3,059,692 shares in the last quarter. Invesco Ltd. boosted its stake in Ollie’s Bargain Outlet by 117.4% in the 2nd quarter. Invesco Ltd. now owns 1,583,498 shares of the company’s stock valued at $137,938,000 after buying an additional 855,278 shares in the last quarter. State Street Corp boosted its stake in Ollie’s Bargain Outlet by 3.5% in the 3rd quarter. State Street Corp now owns 1,297,129 shares of the company’s stock valued at $76,064,000 after buying an additional 43,338 shares in the last quarter. Stephens Investment Management Group LLC boosted its stake in Ollie’s Bargain Outlet by 14.5% in the 3rd quarter. Stephens Investment Management Group LLC now owns 979,482 shares of the company’s stock valued at $57,437,000 after buying an additional 124,258 shares in the last quarter. Finally, Marshall Wace LLP boosted its stake in Ollie’s Bargain Outlet by 33.8% in the 2nd quarter. Marshall Wace LLP now owns 763,500 shares of the company’s stock valued at $66,509,000 after buying an additional 192,961 shares in the last quarter. 96.06% of the stock is currently owned by institutional investors and hedge funds.

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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