Wall Street analysts expect that Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) will announce $322.98 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Ollie’s Bargain Outlet’s earnings. The highest sales estimate is $326.71 million and the lowest is $317.60 million. Ollie’s Bargain Outlet reported sales of $283.61 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 13.9%. The firm is scheduled to report its next quarterly earnings report on Tuesday, December 3rd.
On average, analysts expect that Ollie’s Bargain Outlet will report full-year sales of $1.43 billion for the current fiscal year, with estimates ranging from $1.42 billion to $1.44 billion. For the next financial year, analysts forecast that the business will post sales of $1.64 billion, with estimates ranging from $1.61 billion to $1.67 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Ollie’s Bargain Outlet.
Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its earnings results on Wednesday, August 28th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.11). The company had revenue of $333.90 million for the quarter, compared to analysts’ expectations of $339.83 million. Ollie’s Bargain Outlet had a net margin of 10.37% and a return on equity of 12.67%. The firm’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.40 EPS.
Several brokerages have recently weighed in on OLLI. ValuEngine cut Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Royal Bank of Canada upgraded Ollie’s Bargain Outlet from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $65.00 to $67.00 in a research report on Tuesday, October 15th. Credit Suisse Group reiterated an “outperform” rating and issued a $78.00 price target (down from $103.00) on shares of Ollie’s Bargain Outlet in a research report on Thursday, August 29th. TheStreet cut Ollie’s Bargain Outlet from a “b” rating to a “c+” rating in a research report on Wednesday, October 2nd. Finally, Morgan Stanley reduced their price target on Ollie’s Bargain Outlet from $89.00 to $70.00 and set an “equal weight” rating for the company in a research report on Friday, August 30th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $80.00.
In other Ollie’s Bargain Outlet news, Director Stanley Fleishman bought 2,000 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Wednesday, September 11th. The stock was acquired at an average cost of $64.66 per share, for a total transaction of $129,320.00. Following the completion of the transaction, the director now directly owns 43,974 shares in the company, valued at $2,843,358.84. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Kevin Mclain sold 5,750 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $65.39, for a total value of $375,992.50. Following the transaction, the senior vice president now owns 5,750 shares of the company’s stock, valued at $375,992.50. The disclosure for this sale can be found here. 16.36% of the stock is currently owned by insiders.
Institutional investors have recently bought and sold shares of the stock. Optimum Investment Advisors purchased a new position in Ollie’s Bargain Outlet during the second quarter worth about $26,000. Princeton Global Asset Management LLC purchased a new position in Ollie’s Bargain Outlet during the second quarter worth about $35,000. Intercontinental Wealth Advisors LLC purchased a new position in Ollie’s Bargain Outlet during the second quarter worth about $39,000. Whitnell & Co. purchased a new position in Ollie’s Bargain Outlet during the third quarter worth about $26,000. Finally, NumerixS Investment Technologies Inc purchased a new position in Ollie’s Bargain Outlet during the second quarter worth about $44,000. Institutional investors and hedge funds own 90.73% of the company’s stock.
Shares of NASDAQ:OLLI traded up $0.30 during mid-day trading on Wednesday, hitting $64.79. 624,100 shares of the company traded hands, compared to its average volume of 769,296. The stock has a market cap of $4.06 billion, a P/E ratio of 35.40, a P/E/G ratio of 1.52 and a beta of 0.88. The stock has a 50-day moving average price of $61.96 and a two-hundred day moving average price of $78.75. The company has a current ratio of 2.13, a quick ratio of 0.41 and a debt-to-equity ratio of 0.26. Ollie’s Bargain Outlet has a 12-month low of $53.60 and a 12-month high of $103.03.
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, health and beauty 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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