Brokerages forecast that Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) will announce $0.31 earnings per share for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Ollie’s Bargain Outlet’s earnings. The highest EPS estimate is $0.32 and the lowest is $0.30. Ollie’s Bargain Outlet reported earnings per share of $0.22 in the same quarter last year, which would suggest a positive year over year growth rate of 40.9%. The company is scheduled to announce its next earnings results on Wednesday, December 5th.

According to Zacks, analysts expect that Ollie’s Bargain Outlet will report full year earnings of $1.76 per share for the current year, with EPS estimates ranging from $1.70 to $1.85. For the next year, analysts forecast that the company will report earnings of $2.07 per share, with EPS estimates ranging from $1.96 to $2.17. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Ollie’s Bargain Outlet.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its earnings results on Wednesday, September 5th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.36 by $0.04. Ollie’s Bargain Outlet had a net margin of 12.88% and a return on equity of 12.48%. The firm had revenue of $288.10 million for the quarter, compared to the consensus estimate of $284.19 million. During the same quarter last year, the firm posted $0.27 EPS. The business’s quarterly revenue was up 13.1% on a year-over-year basis.

Several research firms have recently issued reports on OLLI. BidaskClub downgraded shares of Ollie’s Bargain Outlet from a “strong-buy” rating to a “buy” rating in a report on Friday. Buckingham Research boosted their price objective on shares of Ollie’s Bargain Outlet from $75.00 to $90.00 and gave the stock a “neutral” rating in a report on Thursday, September 6th. Zacks Investment Research upgraded shares of Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and set a $99.00 price objective on the stock in a report on Monday, September 10th. Royal Bank of Canada boosted their price objective on shares of Ollie’s Bargain Outlet to $95.00 and gave the stock an “outperform” rating in a report on Thursday, September 6th. Finally, Wells Fargo & Co boosted their price objective on shares of Ollie’s Bargain Outlet from $58.00 to $68.00 and gave the stock a “market perform” rating in a report on Wednesday, June 6th. Six research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $87.31.

Shares of NASDAQ:OLLI traded up $0.30 on Wednesday, hitting $90.85. 378,726 shares of the company were exchanged, compared to its average volume of 708,324. Ollie’s Bargain Outlet has a one year low of $42.36 and a one year high of $94.70. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.31 and a current ratio of 2.51. The company has a market cap of $5.70 billion, a price-to-earnings ratio of 72.68, a PEG ratio of 2.07 and a beta of 0.26.

In other news, CEO Mark L. Butler sold 375,000 shares of Ollie’s Bargain Outlet stock in a transaction dated Wednesday, June 20th. The shares were sold at an average price of $74.90, for a total transaction of $28,087,500.00. Following the sale, the chief executive officer now directly owns 3,678,372 shares in the company, valued at approximately $275,510,062.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Kenneth Robert Bertram sold 6,750 shares of Ollie’s Bargain Outlet stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $78.99, for a total transaction of $533,182.50. Following the sale, the vice president now owns 17,217 shares in the company, valued at $1,359,970.83. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,965,323 shares of company stock worth $141,912,319. 20.27% of the stock is owned by company insiders.

Institutional investors have recently modified their holdings of the company. Point72 Asia Hong Kong Ltd acquired a new stake in shares of Ollie’s Bargain Outlet during the 1st quarter valued at about $112,000. Cerebellum GP LLC acquired a new stake in shares of Ollie’s Bargain Outlet during the 2nd quarter valued at about $178,000. Cim LLC acquired a new position in Ollie’s Bargain Outlet in the second quarter valued at about $204,000. Zeke Capital Advisors LLC acquired a new position in Ollie’s Bargain Outlet in the second quarter valued at about $212,000. Finally, Verition Fund Management LLC acquired a new position in Ollie’s Bargain Outlet in the second quarter valued at about $214,000. Institutional investors and hedge funds own 89.04% of the company’s stock.

Ollie’s Bargain Outlet Company Profile

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

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

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