$284.59 Million in Sales Expected for Ollie’s Bargain Outlet Holdings Inc (OLLI) This Quarter

Equities analysts predict that Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) will announce sales of $284.59 million for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Ollie’s Bargain Outlet’s earnings. The highest sales estimate is $289.90 million and the lowest is $281.40 million. Ollie’s Bargain Outlet reported sales of $254.65 million during the same quarter last year, which indicates a positive year-over-year growth rate of 11.8%. The firm is expected to announce its next quarterly earnings report on Tuesday, September 4th.

On average, analysts expect that Ollie’s Bargain Outlet will report full-year sales of $1.22 billion for the current year, with estimates ranging from $1.22 billion to $1.23 billion. For the next year, analysts expect that the business will report sales of $1.42 billion per share, with estimates ranging from $1.40 billion to $1.43 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Ollie’s Bargain Outlet.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its earnings results on Tuesday, June 5th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.04. The business had revenue of $275.70 million for the quarter, compared to analyst estimates of $267.27 million. Ollie’s Bargain Outlet had a return on equity of 12.06% and a net margin of 12.36%. The company’s revenue for the quarter was up 21.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 earnings per share.

A number of research analysts recently weighed in on the company. BidaskClub raised Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating in a report on Tuesday. Morgan Stanley upped their price objective on Ollie’s Bargain Outlet from $63.00 to $69.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 17th. Citigroup raised Ollie’s Bargain Outlet from a “sell” rating to a “neutral” rating and set a $75.00 price objective on the stock in a report on Monday, July 9th. Bank of America lowered Ollie’s Bargain Outlet from a “neutral” rating to an “underperform” rating in a report on Thursday, June 28th. Finally, Loop Capital assumed coverage on Ollie’s Bargain Outlet in a report on Monday, June 18th. They set a “hold” rating and a $75.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the stock. Ollie’s Bargain Outlet currently has a consensus rating of “Buy” and an average target price of $69.81.

OLLI stock traded up $0.65 on Friday, reaching $73.50. 292,000 shares of the company’s stock were exchanged, compared to its average volume of 696,552. Ollie’s Bargain Outlet has a twelve month low of $41.31 and a twelve month high of $77.50. The firm has a market capitalization of $4.45 billion, a PE ratio of 58.36, a P/E/G ratio of 1.81 and a beta of 0.11. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.18 and a quick ratio of 0.25.

In other Ollie’s Bargain Outlet news, CEO Mark L. Butler sold 375,000 shares of the company’s stock in a transaction on Wednesday, June 20th. The stock was sold at an average price of $74.90, for a total value of $28,087,500.00. Following the sale, the chief executive officer now owns 3,678,372 shares of the company’s stock, valued at $275,510,062.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO John W. Swygert sold 51,000 shares of the company’s stock in a transaction on Wednesday, August 8th. The shares were sold at an average price of $70.01, for a total value of $3,570,510.00. Following the completion of the sale, the chief operating officer now directly owns 57,193 shares in the company, valued at approximately $4,004,081.93. The disclosure for this sale can be found here. Insiders sold 1,918,740 shares of company stock worth $137,816,742 in the last three months. 20.27% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of OLLI. Neuberger Berman Group LLC grew its holdings in Ollie’s Bargain Outlet by 1,388.1% in the first quarter. Neuberger Berman Group LLC now owns 726,340 shares of the company’s stock valued at $43,798,000 after purchasing an additional 677,530 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its holdings in Ollie’s Bargain Outlet by 18.0% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,374,758 shares of the company’s stock valued at $143,197,000 after purchasing an additional 362,486 shares during the last quarter. OppenheimerFunds Inc. grew its holdings in Ollie’s Bargain Outlet by 43.0% in 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 last quarter. PNC Financial Services Group Inc. grew its holdings in Ollie’s Bargain Outlet by 551.0% in 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 last quarter. Finally, BlackRock Inc. grew its holdings in Ollie’s Bargain Outlet by 2.2% in the first quarter. BlackRock Inc. now owns 6,190,043 shares of the company’s stock valued at $373,259,000 after purchasing an additional 132,481 shares during the last quarter. 88.88% of the stock is currently owned by institutional investors.

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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