Equities research analysts expect that Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) will post earnings per share of $0.66 for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Ollie’s Bargain Outlet’s earnings, with the lowest EPS estimate coming in at $0.64 and the highest estimate coming in at $0.73. Ollie’s Bargain Outlet reported earnings of $0.51 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 29.4%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, April 3rd.

On average, analysts expect that Ollie’s Bargain Outlet will report full year earnings of $1.77 per share for the current financial year, with EPS estimates ranging from $1.75 to $1.85. For the next year, analysts anticipate that the firm will report earnings of $2.09 per share, with EPS estimates ranging from $2.02 to $2.17. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Ollie’s Bargain Outlet.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings data on Tuesday, December 4th. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. The firm had revenue of $283.60 million during the quarter, compared to analyst estimates of $278.62 million. Ollie’s Bargain Outlet had a return on equity of 12.66% and a net margin of 12.89%. The business’s quarterly revenue was up 19.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.22 earnings per share.

A number of equities analysts have recently weighed in on OLLI shares. BidaskClub raised Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating in a research note on Tuesday, August 14th. Bank of America raised Ollie’s Bargain Outlet from an “underperform” rating to a “buy” rating in a research note on Monday, August 20th. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $99.00 price objective on shares of Ollie’s Bargain Outlet in a research note on Tuesday, August 28th. Zacks Investment Research lowered Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a research note on Thursday, August 30th. Finally, MKM Partners upped their price objective on Ollie’s Bargain Outlet from $80.00 to $80.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 5th. Seven analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Ollie’s Bargain Outlet currently has an average rating of “Buy” and an average target price of $90.33.

In related news, CEO Mark L. Butler sold 80,000 shares of the business’s stock in a transaction dated Tuesday, December 4th. The stock was sold at an average price of $88.95, for a total value of $7,116,000.00. Following the sale, the chief executive officer now directly owns 2,650,242 shares in the company, valued at $235,739,025.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO John W. Swygert sold 48,000 shares of the business’s stock in a transaction dated Monday, November 19th. The stock was sold at an average price of $88.84, for a total value of $4,264,320.00. Following the completion of the sale, the chief operating officer now owns 77,193 shares in the company, valued at $6,857,826.12. The disclosure for this sale can be found here. Insiders sold 485,337 shares of company stock worth $44,137,101 over the last quarter. 20.27% of the stock is owned by company insiders.

A number of hedge funds have recently modified their holdings of OLLI. Capital World Investors raised its position in Ollie’s Bargain Outlet by 61.7% during the third quarter. Capital World Investors now owns 1,317,892 shares of the company’s stock valued at $126,649,000 after purchasing an additional 502,892 shares during the period. OppenheimerFunds Inc. raised its position in Ollie’s Bargain Outlet by 43.0% during the second quarter. OppenheimerFunds Inc. now owns 1,034,182 shares of the company’s stock valued at $74,978,000 after purchasing an additional 310,828 shares during the period. BlackRock Inc. raised its position in Ollie’s Bargain Outlet by 4.7% during the third quarter. BlackRock Inc. now owns 5,727,645 shares of the company’s stock valued at $550,427,000 after purchasing an additional 259,631 shares during the period. Northern Trust Corp raised its position in Ollie’s Bargain Outlet by 28.9% during the second quarter. Northern Trust Corp now owns 754,094 shares of the company’s stock valued at $54,672,000 after purchasing an additional 169,298 shares during the period. Finally, PNC Financial Services Group Inc. raised its position in Ollie’s Bargain Outlet by 551.0% during the second quarter. PNC Financial Services Group Inc. now owns 186,174 shares of the company’s stock valued at $13,497,000 after purchasing an additional 157,576 shares during the period. Institutional investors and hedge funds own 90.73% of the company’s stock.

Shares of NASDAQ OLLI traded down $2.77 during mid-day trading on Monday, reaching $69.13. The company’s stock had a trading volume of 2,540,025 shares, compared to its average volume of 859,531. The firm has a market cap of $4.51 billion, a price-to-earnings ratio of 55.30, a price-to-earnings-growth ratio of 1.64 and a beta of 0.34. The company has a quick ratio of 0.31, a current ratio of 2.03 and a debt-to-equity ratio of 0.01. Ollie’s Bargain Outlet has a 52 week low of $47.76 and a 52 week high of $97.61.

About Ollie’s Bargain Outlet

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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