$0.77 EPS Expected for Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) This Quarter

Wall Street brokerages expect Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) to announce $0.77 earnings per share for the current quarter, Zacks reports. Four analysts have made estimates for Ollie’s Bargain Outlet’s earnings, with estimates ranging from $0.75 to $0.79. Ollie’s Bargain Outlet posted earnings of $0.71 per share during the same quarter last year, which would suggest a positive year over year growth rate of 8.5%. The firm is expected to report its next earnings report on Tuesday, March 24th.

According to Zacks, analysts expect that Ollie’s Bargain Outlet will report full-year earnings of $1.99 per share for the current year, with EPS estimates ranging from $1.97 to $2.00. For the next fiscal year, analysts forecast that the company will report earnings of $2.35 per share, with EPS estimates ranging from $2.27 to $2.44. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that follow Ollie’s Bargain Outlet.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings data on Tuesday, December 10th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.38 by $0.03. Ollie’s Bargain Outlet had a return on equity of 12.89% and a net margin of 10.20%. The firm had revenue of $327.05 million during the quarter, compared to analyst estimates of $322.56 million. During the same quarter in the prior year, the business posted $0.32 EPS. The business’s revenue for the quarter was up 15.3% compared to the same quarter last year.

A number of equities analysts recently issued reports on OLLI shares. Morgan Stanley reduced their target price on Ollie’s Bargain Outlet from $70.00 to $65.00 and set an “equal weight” rating for the company in a research note on Wednesday. Royal Bank of Canada raised their target price on Ollie’s Bargain Outlet from $69.00 to $76.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Wells Fargo & Co restated a “hold” rating on shares of Ollie’s Bargain Outlet in a research note on Friday, December 6th. TheStreet lowered Ollie’s Bargain Outlet from a “b” rating to a “c+” rating in a research note on Wednesday, October 2nd. Finally, Piper Jaffray Companies restated an “overweight” rating and issued a $86.00 target price (up previously from $70.00) on shares of Ollie’s Bargain Outlet in a research note on Wednesday, December 11th. One analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $80.38.

Shares of OLLI traded up $1.74 during midday trading on Friday, hitting $58.26. 2,459,784 shares of the company’s stock traded hands, compared to its average volume of 1,229,805. Ollie’s Bargain Outlet has a 1 year low of $52.88 and a 1 year high of $103.03. The firm’s fifty day moving average is $62.07 and its 200-day moving average is $67.36. The company has a current ratio of 2.14, a quick ratio of 0.09 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $3.60 billion, a price-to-earnings ratio of 27.22, a price-to-earnings-growth ratio of 1.35 and a beta of 0.85.

In other Ollie’s Bargain Outlet news, SVP Kevin Mclain sold 6,917 shares of Ollie’s Bargain Outlet stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $64.03, for a total transaction of $442,895.51. Also, CEO John W. Swygert sold 25,000 shares of Ollie’s Bargain Outlet stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $70.00, for a total value of $1,750,000.00. Following the transaction, the chief executive officer now owns 44,156 shares of the company’s stock, valued at approximately $3,090,920. The disclosure for this sale can be found here. Insiders sold a total of 54,427 shares of company stock valued at $3,651,830 in the last 90 days. 16.36% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD raised its stake in shares of Ollie’s Bargain Outlet by 119.7% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 5,616,150 shares of the company’s stock valued at $489,223,000 after buying an additional 3,059,692 shares during the last quarter. Invesco Ltd. raised its stake in shares of Ollie’s Bargain Outlet by 117.4% during the 2nd quarter. Invesco Ltd. now owns 1,583,498 shares of the company’s stock valued at $137,938,000 after buying an additional 855,278 shares during the last quarter. State Street Corp raised its stake in shares of Ollie’s Bargain Outlet by 3.5% during the 3rd quarter. State Street Corp now owns 1,297,129 shares of the company’s stock valued at $76,064,000 after buying an additional 43,338 shares during the last quarter. Stephens Investment Management Group LLC raised its stake in shares of Ollie’s Bargain Outlet by 14.5% during the 3rd quarter. Stephens Investment Management Group LLC now owns 979,482 shares of the company’s stock valued at $57,437,000 after buying an additional 124,258 shares during the last quarter. Finally, Marshall Wace LLP raised its stake in shares of Ollie’s Bargain Outlet by 33.8% during the 2nd quarter. Marshall Wace LLP now owns 763,500 shares of the company’s stock valued at $66,509,000 after buying an additional 192,961 shares during the last quarter. Institutional investors and hedge funds own 95.55% of the company’s stock.

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.

Featured Story: How Investors Can Profit from Options Trading

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.