Ollie’s Bargain Outlet (OLLI) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Ollie’s Bargain Outlet (NASDAQ:OLLI) released its earnings results on Tuesday. The company reported $0.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.01, Briefing.com reports. The company had revenue of $283.60 million during the quarter, compared to analyst estimates of $278.62 million. Ollie’s Bargain Outlet had a net margin of 12.89% and a return on equity of 12.89%. The firm’s quarterly revenue was up 19.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.22 EPS. Ollie’s Bargain Outlet updated its FY 2018 guidance to $1.74-1.77 EPS and its FY19 guidance to $1.74-1.77 EPS.

Shares of OLLI opened at $86.83 on Thursday. The company has a quick ratio of 0.31, a current ratio of 2.51 and a debt-to-equity ratio of 0.01. Ollie’s Bargain Outlet has a 1 year low of $47.76 and a 1 year high of $97.61. The company has a market cap of $5.44 billion, a price-to-earnings ratio of 69.46, a P/E/G ratio of 1.98 and a beta of 0.34.

In other Ollie’s Bargain Outlet news, COO John W. Swygert sold 48,000 shares of the stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $88.84, for a total transaction of $4,264,320.00. Following the completion of the sale, the chief operating officer now directly owns 77,193 shares of the company’s stock, valued at approximately $6,857,826.12. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Jay Stasz sold 5,337 shares of the stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of $91.16, for a total transaction of $486,520.92. Following the sale, the chief financial officer now directly owns 12,733 shares of the company’s stock, valued at $1,160,740.28. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 405,337 shares of company stock valued at $37,021,101. Insiders own 20.27% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Harvest Fund Management Co. Ltd grew its holdings in Ollie’s Bargain Outlet by 290.0% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 1,568 shares of the company’s stock valued at $151,000 after buying an additional 1,166 shares in the last quarter. Parallel Advisors LLC grew its holdings in Ollie’s Bargain Outlet by 414.7% during the 3rd quarter. Parallel Advisors LLC now owns 1,750 shares of the company’s stock valued at $168,000 after buying an additional 1,410 shares in the last quarter. Glenmede Trust Co. NA grew its holdings in Ollie’s Bargain Outlet by 92.8% during the 3rd quarter. Glenmede Trust Co. NA now owns 1,897 shares of the company’s stock valued at $181,000 after buying an additional 913 shares in the last quarter. Norris Perne & French LLP MI purchased a new stake in Ollie’s Bargain Outlet during the 3rd quarter valued at approximately $203,000. Finally, CIBC Asset Management Inc purchased a new stake in Ollie’s Bargain Outlet during the 3rd quarter valued at approximately $216,000. 90.73% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts recently issued reports on OLLI shares. BidaskClub raised shares of Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating in a report on Tuesday, August 14th. Bank of America raised shares of Ollie’s Bargain Outlet from an “underperform” rating to a “buy” rating in a report on Monday, August 20th. Piper Jaffray Companies reissued an “overweight” rating and issued a $99.00 target price on shares of Ollie’s Bargain Outlet in a report on Tuesday, August 28th. Zacks Investment Research lowered shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a report on Thursday, August 30th. Finally, MKM Partners increased their target price on shares of Ollie’s Bargain Outlet from $80.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday, September 5th. Seven analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. Ollie’s Bargain Outlet currently has an average rating of “Buy” and a consensus target price of $90.33.

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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 for Ollie`s Bargain Outlet (NASDAQ:OLLI)

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