Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) – Analysts at Jefferies Group decreased their FY2018 earnings per share (EPS) estimates for Ollie’s Bargain Outlet Holdings in a research report issued on Tuesday. Jefferies Group analyst D. Binder now anticipates that the brokerage will post earnings of $1.07 per share for the year, down from their previous estimate of $1.09. Jefferies Group currently has a “Buy” rating and a $37.00 target price on the stock.

Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) last posted its earnings results on Wednesday, December 7th. The company reported $0.17 EPS for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.03. The firm had revenue of $201.99 million for the quarter, compared to the consensus estimate of $201.46 million. Ollie’s Bargain Outlet Holdings had a net margin of 6.05% and a return on equity of 9.29%. The company’s revenue was up 15.7% on a year-over-year basis. During the same period last year, the firm posted $0.11 EPS.

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

A number of other research analysts have also recently commented on OLLI. MKM Partners reissued a “buy” rating and set a $34.00 target price (up from $33.00) on shares of Ollie’s Bargain Outlet Holdings in a research report on Friday, December 9th. RBC Capital Markets boosted their target price on shares of Ollie’s Bargain Outlet Holdings from $32.00 to $35.00 and gave the stock an “outperform” rating in a research report on Thursday, December 8th. Royal Bank Of Canada boosted their target price on shares of Ollie’s Bargain Outlet Holdings from $32.00 to $35.00 and gave the stock an “outperform” rating in a research report on Thursday, December 8th. Zacks Investment Research raised shares of Ollie’s Bargain Outlet Holdings from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a research report on Saturday, December 10th. Finally, Johnson Rice cut shares of Ollie’s Bargain Outlet Holdings from a “buy” rating to an “accumulate” rating in a research report on Wednesday, January 4th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Ollie’s Bargain Outlet Holdings presently has a consensus rating of “Buy” and an average price target of $31.25.

Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) traded down 0.81% on Friday, hitting $30.60. 779,073 shares of the company were exchanged. The firm has a 50 day moving average of $30.23 and a 200-day moving average of $27.28. The stock has a market cap of $1.85 billion, a PE ratio of 37.00 and a beta of 0.12. Ollie’s Bargain Outlet Holdings has a 52-week low of $17.19 and a 52-week high of $32.75.

In other Ollie’s Bargain Outlet Holdings news, SVP Omar Segura sold 15,334 shares of the business’s stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $32.06, for a total transaction of $491,608.04. Following the completion of the sale, the senior vice president now owns 15,334 shares in the company, valued at $491,608.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Howard Freedman sold 19,200 shares of the business’s stock in a transaction on Thursday, December 29th. The shares were sold at an average price of $29.35, for a total transaction of $563,520.00. Following the sale, the vice president now owns 42,680 shares of the company’s stock, valued at approximately $1,252,658. The disclosure for this sale can be found here. 21.80% of the stock is currently owned by corporate insiders.

ILLEGAL ACTIVITY WARNING: “Equities Analysts Offer Predictions for Ollie’s Bargain Outlet Holdings, Inc.’s FY2018 Earnings (OLLI)” was reported by Daily Political and is owned by of Daily Political. If you are viewing this piece on another publication, it was copied illegally and reposted in violation of US & international trademark and copyright legislation. The correct version of this piece can be viewed at http://www.dailypolitical.com/2017/01/13/equities-analysts-offer-predictions-for-ollies-bargain-outlet-holdings-inc-s-fy2018-earnings-olli.html.

A number of hedge funds have recently added to or reduced their stakes in OLLI. PNC Financial Services Group Inc. raised its stake in Ollie’s Bargain Outlet Holdings by 4,555.3% in the third quarter. PNC Financial Services Group Inc. now owns 3,957 shares of the company’s stock valued at $104,000 after buying an additional 3,872 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Ollie’s Bargain Outlet Holdings during the third quarter valued at $106,000. SevenBridge Financial Group LLC acquired a new stake in Ollie’s Bargain Outlet Holdings during the second quarter valued at $116,000. Barclays PLC raised its stake in Ollie’s Bargain Outlet Holdings by 844.7% in the second quarter. Barclays PLC now owns 4,799 shares of the company’s stock valued at $119,000 after buying an additional 4,291 shares during the last quarter. Finally, BlackRock Group LTD raised its stake in Ollie’s Bargain Outlet Holdings by 88.7% in the second quarter. BlackRock Group LTD now owns 5,172 shares of the company’s stock valued at $129,000 after buying an additional 2,431 shares during the last quarter. Hedge funds and other institutional investors own 87.92% of the company’s stock.

Ollie’s Bargain Outlet Holdings Company Profile

Ollie’s Bargain Outlet Holdings, Inc is a retailer of brand name merchandise. The Company offers deals on closeouts, excess inventory and salvage merchandise. The Company’s product offerings include food, such as packaged food, including coffee, bottled non-carbonated beverages, salty snacks, condiments, sauces, spices, dry pasta, canned goods, cereal and cookies; housewares, such as cooking utensils, dishes, appliances, storage and garbage bags, detergents and cleaning supplies, cookware and glassware, frames and giftware; books and stationery, such as novels, business, cooking, inspirational and coffee table books along with digital versatile discs (DVDs), greeting cards and various office supplies and party goods, and bed and bath, such as household goods, including bedding, towels, curtains and associated hardware.

5 Day Chart for NASDAQ:OLLI

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