Ollie's Bargain Outlet Holdings Inc (NASDAQ:OLLI) – KeyCorp increased their FY2019 earnings per share (EPS) estimates for shares of Ollie's Bargain Outlet in a report issued on Wednesday. KeyCorp analyst B. Thomas now expects that the company will post earnings of $1.72 per share for the year, up from their previous estimate of $1.41. KeyCorp has a “Buy” rating and a $55.00 price target on the stock.

A number of other analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Ollie's Bargain Outlet from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. BidaskClub upgraded shares of Ollie's Bargain Outlet from a “hold” rating to a “buy” rating in a research note on Thursday, December 7th. JPMorgan Chase & Co. boosted their price objective on shares of Ollie's Bargain Outlet from $47.00 to $61.00 in a research note on Thursday, December 7th. Stephens started coverage on shares of Ollie's Bargain Outlet in a research note on Tuesday, October 31st. They issued an “overweight” rating and a $53.00 price objective for the company. Finally, Citigroup initiated coverage on shares of Ollie's Bargain Outlet in a research note on Friday, November 17th. They issued a “sell” rating and a $39.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $51.54.

Shares of Ollie's Bargain Outlet (OLLI) traded up $0.85 during trading on Monday, hitting $51.85. 576,966 shares of the stock were exchanged, compared to its average volume of 870,329. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.53 and a quick ratio of 0.36. Ollie's Bargain Outlet has a twelve month low of $28.90 and a twelve month high of $54.30. The firm has a market capitalization of $3,160.00 and a PE ratio of 40.51.

Ollie's Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings data on Wednesday, December 6th. The company reported $0.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.01. Ollie's Bargain Outlet had a net margin of 7.92% and a return on equity of 10.66%. The business had revenue of $238.10 million during the quarter, compared to analysts’ expectations of $233.77 million. During the same period in the previous year, the company earned $0.17 earnings per share. Ollie's Bargain Outlet’s revenue for the quarter was up 17.9% on a year-over-year basis.

A number of institutional investors have recently made changes to their positions in OLLI. Advisor Group Inc. increased its holdings in Ollie's Bargain Outlet by 23.2% in the 2nd quarter. Advisor Group Inc. now owns 2,853 shares of the company’s stock valued at $122,000 after buying an additional 537 shares during the period. D.A. Davidson & CO. increased its holdings in Ollie's Bargain Outlet by 14.9% in the 2nd quarter. D.A. Davidson & CO. now owns 3,442 shares of the company’s stock valued at $146,000 after buying an additional 447 shares during the period. Ameritas Investment Partners Inc. increased its holdings in Ollie's Bargain Outlet by 165.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,180 shares of the company’s stock valued at $178,000 after buying an additional 2,604 shares during the period. Royal Bank of Canada increased its holdings in Ollie's Bargain Outlet by 302.7% in the 2nd quarter. Royal Bank of Canada now owns 4,257 shares of the company’s stock valued at $182,000 after buying an additional 3,200 shares during the period. Finally, First Heartland Consultants Inc. bought a new stake in Ollie's Bargain Outlet in the 3rd quarter valued at $207,000. 89.66% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CFO John W. Swygert sold 60,000 shares of the company’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $52.20, for a total transaction of $3,132,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mark L. Butler sold 35,200 shares of the company’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $47.01, for a total transaction of $1,654,752.00. Following the transaction, the chief executive officer now owns 4,245,437 shares of the company’s stock, valued at $199,577,993.37. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 983,840 shares of company stock valued at $46,973,471. Corporate insiders own 22.25% of the company’s stock.

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About Ollie's Bargain Outlet

Ollie’s Bargain Outlet Holdings, Inc is a retailer of brand name merchandise. The Company offers customers a selection of brand name products, including food, housewares, books and stationery, bed and bath, floor coverings, electronics and toys. Its warehouse format stores feature a range of products, including hardware, personal healthcare, candy, clothing, sporting goods, pet and lawn and garden products.

Earnings History and Estimates for Ollie's Bargain Outlet (NASDAQ:OLLI)

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