Brokerages Expect Ollie’s Bargain Outlet Holdings Inc (OLLI) Will Post Quarterly Sales of $381.47 Million

Equities analysts expect Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) to announce sales of $381.47 million for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Ollie’s Bargain Outlet’s earnings. The highest sales estimate is $383.00 million and the lowest is $378.80 million. Ollie’s Bargain Outlet posted sales of $356.67 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 7%. The company is scheduled to issue its next earnings results on Wednesday, April 3rd.

On average, analysts expect that Ollie’s Bargain Outlet will report full-year sales of $1.23 billion for the current financial year, with estimates ranging from $1.22 billion to $1.23 billion. For the next fiscal year, analysts expect that the business will post sales of $1.44 billion, with estimates ranging from $1.42 billion to $1.47 billion. Zacks Investment Research’s sales calculations are an 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 results on Tuesday, December 4th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.01. Ollie’s Bargain Outlet had a return on equity of 12.66% and a net margin of 12.89%. The firm had revenue of $283.60 million for the quarter, compared to analysts’ expectations of $278.62 million. During the same quarter last year, the firm posted $0.22 EPS. The company’s revenue was up 19.1% compared to the same quarter last year.

OLLI has been the topic of several recent research reports. BidaskClub upgraded Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating in a research report on Tuesday, August 14th. Bank of America upgraded Ollie’s Bargain Outlet from an “underperform” rating to a “buy” rating in a research report on Monday, August 20th. Piper Jaffray Companies reiterated an “overweight” rating and set a $99.00 price objective on shares of Ollie’s Bargain Outlet in a research report on Tuesday, August 28th. Zacks Investment Research lowered Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a research report on Thursday, August 30th. Finally, MKM Partners increased their price objective on Ollie’s Bargain Outlet from $80.00 to $80.00 and gave the company a “neutral” rating in a research report on Wednesday, September 5th. Seven research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Ollie’s Bargain Outlet presently has a consensus rating of “Buy” and an average target price of $90.33.

In related news, CFO Jay Stasz sold 5,337 shares of the firm’s stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of $91.16, for a total transaction of $486,520.92. Following the transaction, the chief financial officer now directly owns 12,733 shares in the company, valued at approximately $1,160,740.28. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Mark L. Butler sold 80,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 2,650,242 shares in the company, valued at $235,739,025.90. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 485,337 shares of company stock worth $44,137,101. 20.27% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of OLLI. Bank of Montreal Can grew its position in Ollie’s Bargain Outlet by 93.3% during the 2nd quarter. Bank of Montreal Can now owns 4,101 shares of the company’s stock worth $298,000 after acquiring an additional 1,979 shares during the last quarter. Aperio Group LLC grew its position in Ollie’s Bargain Outlet by 6.8% during the 2nd quarter. Aperio Group LLC now owns 27,527 shares of the company’s stock worth $1,996,000 after acquiring an additional 1,746 shares during the last quarter. TD Asset Management Inc. grew its position in Ollie’s Bargain Outlet by 24.1% during the 2nd quarter. TD Asset Management Inc. now owns 37,243 shares of the company’s stock worth $2,700,000 after acquiring an additional 7,234 shares during the last quarter. Commonwealth Equity Services LLC grew its position in Ollie’s Bargain Outlet by 8.6% during the 2nd quarter. Commonwealth Equity Services LLC now owns 9,636 shares of the company’s stock worth $699,000 after acquiring an additional 767 shares during the last quarter. Finally, New Mexico Educational Retirement Board bought a new position in Ollie’s Bargain Outlet during the 2nd quarter worth approximately $848,000. Institutional investors and hedge funds own 90.73% of the company’s stock.

Shares of NASDAQ:OLLI traded down $2.77 on Wednesday, hitting $69.13. The company’s stock had a trading volume of 2,540,025 shares, compared to its average volume of 859,531. The company has a quick ratio of 0.31, a current ratio of 2.03 and a debt-to-equity ratio of 0.01. The stock has a market cap of $4.51 billion, a P/E ratio of 55.30, a PEG ratio of 1.64 and a beta of 0.34. Ollie’s Bargain Outlet has a 1 year low of $47.76 and a 1 year high of $97.61.

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.

Read More: Preferred Stock

Get a free copy of the Zacks research report on Ollie’s Bargain Outlet (OLLI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Ollie's Bargain Outlet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ollie's Bargain Outlet and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply