Ollie's Bargain Outlet Holdings Inc (NASDAQ:OLLI) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided EPS guidance of $1.16-1.19 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.19. The company issued revenue guidance of $1.045-1.052 billion, compared to the consensus revenue estimate of $1.04 billion.
Shares of Ollie's Bargain Outlet Holdings Inc (NASDAQ:OLLI) opened at 45.90 on Wednesday. Ollie's Bargain Outlet Holdings Inc has a 52-week low of $24.12 and a 52-week high of $45.95. The company has a 50-day moving average of $45.05 and a 200-day moving average of $33.79. The stock has a market capitalization of $2.81 billion, a price-to-earnings ratio of 39.57 and a beta of 0.17.
Ollie's Bargain Outlet Holdings (NASDAQ:OLLI) last issued its quarterly earnings results on Tuesday, August 29th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The business had revenue of $254.60 million during the quarter, compared to analyst estimates of $242.85 million. Ollie's Bargain Outlet Holdings had a net margin of 7.74% and a return on equity of 11.52%. The business’s revenue was up 20.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.21 earnings per share. Equities research analysts anticipate that Ollie's Bargain Outlet Holdings Inc will post $1.19 EPS for the current year.
OLLI has been the subject of a number of research analyst reports. TheStreet upgraded shares of Ollie's Bargain Outlet Holdings from a c rating to a b- rating in a research note on Monday, July 17th. BidaskClub downgraded shares of Ollie's Bargain Outlet Holdings from a strong-buy rating to a buy rating in a report on Thursday, August 10th. Royal Bank Of Canada reaffirmed a buy rating and issued a $37.00 price objective on shares of Ollie's Bargain Outlet Holdings in a report on Thursday, May 25th. Piper Jaffray Companies set a $48.00 price objective on shares of Ollie's Bargain Outlet Holdings and gave the stock a buy rating in a report on Thursday, June 1st. Finally, Zacks Investment Research raised shares of Ollie's Bargain Outlet Holdings from a hold rating to a buy rating and set a $49.00 price objective for the company in a report on Wednesday, August 30th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of $46.88.
In other news, VP Kenneth Robert Bertram sold 6,000 shares of the business’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $43.25, for a total transaction of $259,500.00. Following the completion of the transaction, the vice president now owns 6,000 shares of the company’s stock, valued at $259,500. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Howard Freedman sold 14,658 shares of the business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $45.15, for a total transaction of $661,808.70. Following the transaction, the vice president now directly owns 39,370 shares of the company’s stock, valued at approximately $1,777,555.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 469,981 shares of company stock valued at $21,212,335. Corporate insiders own 22.25% of the company’s stock.
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About Ollie's Bargain Outlet Holdings
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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