Q1 2019 EPS Estimates for Ollie's Bargain Outlet Holdings Inc Reduced by Analyst (OLLI)

Ollie's Bargain Outlet Holdings Inc (NASDAQ:OLLI) – Jefferies Group lowered their Q1 2019 earnings per share estimates for Ollie's Bargain Outlet in a research note issued on Monday. Jefferies Group analyst D. Binder now expects that the company will post earnings per share of $0.36 for the quarter, down from their prior estimate of $0.37. Jefferies Group has a “Buy” rating and a $57.00 price target on the stock. Jefferies Group also issued estimates for Ollie's Bargain Outlet’s FY2019 earnings at $1.77 EPS, FY2020 earnings at $2.08 EPS, FY2021 earnings at $2.47 EPS and FY2022 earnings at $3.00 EPS.

Ollie's Bargain Outlet (NASDAQ:OLLI) last issued its earnings results on Wednesday, December 6th. The company reported $0.22 EPS for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.01. Ollie's Bargain Outlet had a return on equity of 10.66% and a net margin of 7.92%. The company had revenue of $238.10 million during the quarter, compared to the consensus estimate of $233.77 million. During the same period in the previous year, the firm posted $0.17 earnings per share. Ollie's Bargain Outlet’s quarterly revenue was up 17.9% compared to the same quarter last year.

A number of other research firms have also recently weighed in on OLLI. JPMorgan Chase & Co. lifted their price target on Ollie's Bargain Outlet from $47.00 to $61.00 in a report on Thursday, December 7th. KeyCorp reaffirmed a “buy” rating and set a $55.00 price target (up previously from $50.00) on shares of Ollie's Bargain Outlet in a report on Thursday, December 7th. BidaskClub raised Ollie's Bargain Outlet from a “hold” rating to a “buy” rating in a report on Thursday, December 7th. Zacks Investment Research raised Ollie's Bargain Outlet from a “hold” rating to a “buy” rating and set a $57.00 price target on the stock in a report on Thursday, December 7th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $71.00 price target on shares of Ollie's Bargain Outlet in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $51.54.

Shares of Ollie's Bargain Outlet (NASDAQ:OLLI) traded up $1.50 during mid-day trading on Thursday, reaching $55.50. The company’s stock had a trading volume of 695,481 shares, compared to its average volume of 828,900. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.36 and a current ratio of 2.53. Ollie's Bargain Outlet has a 12 month low of $28.90 and a 12 month high of $56.65. The firm has a market capitalization of $3,420.00 and a P/E ratio of 43.36.

A number of large investors have recently made changes to their positions in the stock. D.A. Davidson & CO. raised its holdings in Ollie's Bargain Outlet by 14.9% during the second quarter. D.A. Davidson & CO. now owns 3,442 shares of the company’s stock worth $146,000 after purchasing an additional 447 shares in the last quarter. M&T Bank Corp increased its holdings in shares of Ollie's Bargain Outlet by 6.1% in the second quarter. M&T Bank Corp now owns 7,829 shares of the company’s stock valued at $333,000 after buying an additional 447 shares in the last quarter. Advisor Group Inc. increased its holdings in shares of Ollie's Bargain Outlet by 23.2% in the second quarter. Advisor Group Inc. now owns 2,853 shares of the company’s stock valued at $122,000 after buying an additional 537 shares in the last quarter. Swiss National Bank increased its holdings in shares of Ollie's Bargain Outlet by 2.5% in the second quarter. Swiss National Bank now owns 81,700 shares of the company’s stock valued at $3,480,000 after buying an additional 2,000 shares in the last quarter. Finally, American International Group Inc. increased its holdings in shares of Ollie's Bargain Outlet by 6.0% in the third quarter. American International Group Inc. now owns 37,894 shares of the company’s stock valued at $1,758,000 after buying an additional 2,152 shares in the last quarter. 89.66% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CEO Mark L. Butler sold 227,843 shares of the business’s stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $47.02, for a total transaction of $10,713,177.86. Following the sale, the chief executive officer now owns 4,356 shares of the company’s stock, valued at $204,819.12. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Mark L. Butler sold 35,200 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $47.01, for a total value of $1,654,752.00. Following the sale, the chief executive officer now directly owns 4,245,437 shares in the company, valued at approximately $199,577,993.37. The disclosure for this sale can be found here. In the last three months, insiders have sold 983,840 shares of company stock worth $46,973,471. 22.25% of the stock is owned by corporate insiders.

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About Ollie's Bargain Outlet

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.

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

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