Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) – Equities research analysts at Jefferies Financial Group boosted their FY2019 earnings per share (EPS) estimates for Ollie’s Bargain Outlet in a research note issued to investors on Wednesday, December 5th. Jefferies Financial Group analyst R. Konik now anticipates that the company will earn $1.77 per share for the year, up from their previous forecast of $1.76.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings results on Tuesday, December 4th. The company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. The business had revenue of $283.60 million during the quarter, compared to analyst estimates of $278.62 million. Ollie’s Bargain Outlet had a return on equity of 12.89% and a net margin of 12.89%. Ollie’s Bargain Outlet’s quarterly revenue was up 19.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.22 EPS.

Other equities analysts have also recently issued reports about the company. Bank of America raised Ollie’s Bargain Outlet from an “underperform” rating to a “buy” rating in a report on Monday, August 20th. BidaskClub raised Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating in a research note on Tuesday, August 14th. Zacks Investment Research raised Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and set a $99.00 price target on the stock in a research note on Monday, September 10th. Morgan Stanley set a $75.00 price target on Ollie’s Bargain Outlet and gave the stock an “equal weight” rating in a research note on Thursday, September 6th. Finally, Loop Capital lifted their price target on Ollie’s Bargain Outlet to $85.00 and gave the stock a “hold” rating in a research note on Friday, September 7th. Seven analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $90.33.

Shares of NASDAQ OLLI opened at $86.83 on Thursday. The stock has a market capitalization of $5.44 billion, a price-to-earnings ratio of 69.46, a P/E/G ratio of 1.98 and a beta of 0.34. The company has a quick ratio of 0.31, a current ratio of 2.51 and a debt-to-equity ratio of 0.01. Ollie’s Bargain Outlet has a 52 week low of $47.76 and a 52 week high of $97.61.

A number of institutional investors have recently added to or reduced their stakes in OLLI. Bank of Montreal Can boosted its holdings in Ollie’s Bargain Outlet by 93.3% in the second 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 in the last quarter. Aperio Group LLC boosted its holdings in Ollie’s Bargain Outlet by 6.8% in the second 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 in the last quarter. TD Asset Management Inc. boosted its holdings in Ollie’s Bargain Outlet by 24.1% in the second 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 in the last quarter. Commonwealth Equity Services LLC raised its stake in shares of Ollie’s Bargain Outlet by 8.6% in the second quarter. Commonwealth Equity Services LLC now owns 9,636 shares of the company’s stock worth $699,000 after purchasing an additional 767 shares during the last quarter. Finally, New Mexico Educational Retirement Board purchased a new position in shares of Ollie’s Bargain Outlet in the second quarter worth $848,000. 90.73% of the stock is currently owned by institutional investors and hedge funds.

In other Ollie’s Bargain Outlet news, CFO Jay Stasz sold 5,337 shares of the business’s stock in a transaction on Thursday, September 13th. The stock was sold at an average price of $91.16, for a total value of $486,520.92. Following the sale, the chief financial officer now directly owns 12,733 shares of the company’s stock, valued at $1,160,740.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Omar Segura sold 13,000 shares of the business’s stock in a transaction on Monday, November 12th. The stock was sold at an average price of $91.06, for a total value of $1,183,780.00. The disclosure for this sale can be found here. Insiders have sold 405,337 shares of company stock worth $37,021,101 over the last 90 days. 20.27% of the stock is currently owned by corporate insiders.

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.

Featured Story: Short Selling – Explanation For Shorting Stocks

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.