Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) – Analysts at KeyCorp raised their FY2017 earnings per share (EPS) estimates for shares of Ollie’s Bargain Outlet Holdings in a research report issued on Monday. KeyCorp analyst B. Thomas now forecasts that the firm will earn $0.94 per share for the year, up from their prior estimate of $0.93. KeyCorp also issued estimates for Ollie’s Bargain Outlet Holdings’ FY2018 earnings at $1.09 EPS.

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

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

OLLI has been the subject of several other research reports. Johnson Rice lowered shares of Ollie’s Bargain Outlet Holdings from a “buy” rating to an “accumulate” rating in a research report on Wednesday, January 4th. Zacks Investment Research lowered shares of Ollie’s Bargain Outlet Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, November 9th. Royal Bank Of Canada increased their price target on shares of Ollie’s Bargain Outlet Holdings from $32.00 to $35.00 and gave the company an “outperform” rating in a research report on Thursday, December 8th. RBC Capital Markets increased their price target on shares of Ollie’s Bargain Outlet Holdings from $32.00 to $35.00 and gave the company an “outperform” rating in a research report on Thursday, December 8th. Finally, MKM Partners initiated coverage on shares of Ollie’s Bargain Outlet Holdings in a research report on Friday, October 14th. They set a “buy” rating and a $33.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $31.25.

Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) traded down 1.702% during trading on Wednesday, reaching $30.325. 248,539 shares of the company’s stock traded hands. The stock has a market cap of $1.84 billion, a price-to-earnings ratio of 36.669 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. The company’s 50 day moving average is $30.23 and its 200-day moving average is $27.28.

Several large investors have recently made changes to their positions in OLLI. PNC Financial Services Group Inc. increased its stake in shares of 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 worth $104,000 after buying an additional 3,872 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Ollie’s Bargain Outlet Holdings during the third quarter worth about $106,000. SevenBridge Financial Group LLC purchased a new stake in shares of Ollie’s Bargain Outlet Holdings during the second quarter worth about $116,000. Barclays PLC increased its stake in shares of Ollie’s Bargain Outlet Holdings by 844.7% in the second quarter. Barclays PLC now owns 4,799 shares of the company’s stock worth $119,000 after buying an additional 4,291 shares during the last quarter. Finally, BlackRock Group LTD increased its stake in shares of 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 worth $129,000 after buying an additional 2,431 shares during the last quarter. 87.92% of the stock is currently owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY NOTICE: This report was originally posted by Daily Political and is the propert of of Daily Political. If you are viewing this report on another website, it was stolen and republished in violation of United States & international copyright & trademark legislation. The original version of this report can be read at http://www.dailypolitical.com/2017/01/13/fy2017-eps-estimates-for-ollies-bargain-outlet-holdings-inc-increased-by-keycorp-olli.html.

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

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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