Ollie’s Bargain Outlet (NASDAQ:OLLI) is scheduled to be announcing its Q3 earnings results after the market closes on Tuesday, December 10th. Analysts expect the company to announce earnings of $0.39 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.
Shares of NASDAQ OLLI opened at $60.04 on Friday. Ollie’s Bargain Outlet has a 12 month low of $53.60 and a 12 month high of $103.03. The company has a market cap of $3.82 billion, a P/E ratio of 32.81, a P/E/G ratio of 1.55 and a beta of 0.87. The business’s 50 day moving average is $64.06 and its two-hundred day moving average is $75.14. The company has a quick ratio of 0.41, a current ratio of 2.13 and a debt-to-equity ratio of 0.26.
In other Ollie’s Bargain Outlet news, SVP Kevin Mclain sold 6,917 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $64.03, for a total value of $442,895.51. Also, Director Stanley Fleishman acquired 2,000 shares of the company’s stock in a transaction dated Wednesday, September 11th. The stock was acquired at an average price of $64.66 per share, with a total value of $129,320.00. Following the purchase, the director now owns 43,974 shares in the company, valued at approximately $2,843,358.84. The disclosure for this purchase can be found here. Insiders sold a total of 29,270 shares of company stock valued at $1,892,131 in the last quarter. Corporate insiders own 16.36% of the company’s stock.
OLLI has been the subject of several research reports. Wells Fargo & Co reissued a “hold” rating on shares of Ollie’s Bargain Outlet in a research report on Friday. Credit Suisse Group restated an “outperform” rating and issued a $78.00 price objective (down previously from $103.00) on shares of Ollie’s Bargain Outlet in a research note on Thursday, August 29th. Bank of America dropped their target price on shares of Ollie’s Bargain Outlet from $110.00 to $75.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Royal Bank of Canada upgraded shares of Ollie’s Bargain Outlet from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $65.00 to $67.00 in a research note on Tuesday, October 15th. Finally, BidaskClub downgraded shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $80.00.
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, 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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