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

Ollie’s Bargain Outlet (NASDAQ:OLLIGet Rating) released its quarterly earnings results on Wednesday. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.11), Briefing.com reports. The firm had revenue of $406.70 million for the quarter, compared to analyst estimates of $417.48 million. Ollie’s Bargain Outlet had a net margin of 6.72% and a return on equity of 8.58%. Ollie’s Bargain Outlet’s revenue for the quarter was down 10.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.80 earnings per share.

Shares of NASDAQ:OLLI opened at $55.69 on Friday. The company has a market cap of $3.49 billion, a PE ratio of 31.11, a P/E/G ratio of 1.63 and a beta of 1.10. The company’s 50-day moving average price is $48.46 and its 200 day moving average price is $47.89. Ollie’s Bargain Outlet has a fifty-two week low of $37.67 and a fifty-two week high of $95.43.

A number of equities research analysts recently weighed in on the stock. Citigroup raised their price target on shares of Ollie’s Bargain Outlet from $43.00 to $55.00 and gave the company a “neutral” rating in a report on Thursday. StockNews.com lowered shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a report on Thursday. Craig Hallum raised shares of Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and raised their price objective for the stock from $43.00 to $75.00 in a report on Wednesday. Piper Sandler raised their price objective on shares of Ollie’s Bargain Outlet to $78.00 in a report on Thursday. Finally, Stephens decreased their price objective on shares of Ollie’s Bargain Outlet from $73.00 to $66.00 and set an “overweight” rating for the company in a report on Friday, March 25th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Ollie’s Bargain Outlet presently has an average rating of “Hold” and a consensus target price of $62.19.

A number of large investors have recently modified their holdings of OLLI. Weiss Multi Strategy Advisers LLC bought a new stake in shares of Ollie’s Bargain Outlet during the 4th quarter worth about $793,000. Eaton Vance Management raised its position in shares of Ollie’s Bargain Outlet by 1,539.4% during the 1st quarter. Eaton Vance Management now owns 15,476 shares of the company’s stock worth $665,000 after buying an additional 14,532 shares in the last quarter. Toroso Investments LLC raised its position in shares of Ollie’s Bargain Outlet by 98.5% during the 1st quarter. Toroso Investments LLC now owns 15,182 shares of the company’s stock worth $652,000 after buying an additional 7,534 shares in the last quarter. Zions Bancorporation N.A. raised its position in shares of Ollie’s Bargain Outlet by 36.6% during the 1st quarter. Zions Bancorporation N.A. now owns 15,057 shares of the company’s stock worth $647,000 after buying an additional 4,032 shares in the last quarter. Finally, Metropolitan Life Insurance Co NY raised its position in shares of Ollie’s Bargain Outlet by 10.5% during the 4th quarter. Metropolitan Life Insurance Co NY now owns 10,920 shares of the company’s stock worth $559,000 after buying an additional 1,042 shares in the last quarter.

About Ollie’s Bargain Outlet (Get Rating)

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

Further Reading

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

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