Equities analysts expect Overstock.com, Inc. (NASDAQ:OSTK) to announce $611.20 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Overstock.com’s earnings, with the highest sales estimate coming in at $650.10 million and the lowest estimate coming in at $572.30 million. Overstock.com posted sales of $351.57 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 73.8%. The firm is expected to issue its next quarterly earnings report on Thursday, April 29th.
On average, analysts expect that Overstock.com will report full-year sales of $2.86 billion for the current fiscal year, with estimates ranging from $2.85 billion to $2.87 billion. For the next year, analysts anticipate that the firm will report sales of $3.37 billion, with estimates ranging from $3.30 billion to $3.45 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Overstock.com.
Overstock.com (NASDAQ:OSTK) last released its quarterly earnings results on Wednesday, February 24th. The company reported $0.26 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.04). Overstock.com had a net margin of 0.73% and a return on equity of 6.83%. The firm had revenue of $684.02 million for the quarter, compared to the consensus estimate of $730.40 million.
Several research firms recently weighed in on OSTK. DA Davidson lifted their price target on Overstock.com from $103.00 to $121.00 in a research report on Thursday, February 25th. TheStreet upgraded Overstock.com from a “d+” rating to a “c” rating in a research note on Monday, February 8th. Bank of America upgraded Overstock.com from a “neutral” rating to a “buy” rating and set a $91.00 price objective for the company in a research note on Thursday, February 25th. Wedbush lifted their price objective on Overstock.com from $98.00 to $126.00 and gave the company an “outperform” rating in a research note on Monday, March 1st. Finally, Needham & Company LLC lifted their price objective on Overstock.com from $98.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, March 1st. Six equities research analysts have rated the stock with a buy rating, Overstock.com has a consensus rating of “Buy” and an average price target of $113.17.
Shares of NASDAQ OSTK traded up $2.72 during mid-day trading on Friday, hitting $65.78. 1,545,731 shares of the stock traded hands, compared to its average volume of 2,864,958. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.66 and a current ratio of 1.68. Overstock.com has a 52 week low of $6.76 and a 52 week high of $128.50. The company has a market cap of $3.13 billion, a price-to-earnings ratio of 310.25, a PEG ratio of 2.59 and a beta of 4.40. The stock has a fifty day moving average price of $73.40 and a 200-day moving average price of $69.66.
In other news, Director Barclay F. Corbus sold 1,680 shares of the business’s stock in a transaction on Tuesday, February 16th. The stock was sold at an average price of $109.01, for a total value of $183,136.80. Following the completion of the transaction, the director now owns 49,663 shares in the company, valued at $5,413,763.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President David J. Nielsen sold 5,400 shares of the business’s stock in a transaction on Thursday, March 18th. The stock was sold at an average price of $74.00, for a total value of $399,600.00. Following the completion of the transaction, the president now owns 14,991 shares of the company’s stock, valued at approximately $1,109,334. The disclosure for this sale can be found here. Insiders sold 93,413 shares of company stock valued at $8,156,970 in the last 90 days. Company insiders own 1.30% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the stock. DekaBank Deutsche Girozentrale purchased a new stake in Overstock.com during the fourth quarter valued at $200,000. Norges Bank purchased a new stake in Overstock.com during the fourth quarter valued at $2,077,000. UBS Asset Management Americas Inc. increased its position in Overstock.com by 41.6% during the fourth quarter. UBS Asset Management Americas Inc. now owns 40,403 shares of the company’s stock valued at $1,938,000 after acquiring an additional 11,860 shares during the last quarter. Virtu Financial LLC purchased a new stake in Overstock.com during the fourth quarter valued at $824,000. Finally, Principal Financial Group Inc. increased its position in Overstock.com by 59.3% during the fourth quarter. Principal Financial Group Inc. now owns 9,324 shares of the company’s stock valued at $447,000 after acquiring an additional 3,472 shares during the last quarter. Institutional investors own 65.82% of the company’s stock.
Overstock.com Company Profile
Overstock.com, Inc operates as an online retailer in the United States. It operates through Retail, tZERO, and Medici Ventures segments. The company offers furniture; and home dÃ©cor, including area rugs, bedding and bath, home improvement, kitchen and dining items, and other related products. It also operates Supplier Oasis, a single integration point for partners to manage their products, inventory, and sales channels, as well as obtain multi-channel fulfillment services through its distribution network.
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