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.
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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