Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) – Equities research analysts at KeyCorp decreased their Q4 2019 earnings estimates for shares of Ollie’s Bargain Outlet in a research note issued on Tuesday, December 4th. KeyCorp analyst B. Thomas now forecasts that the company will post earnings of $0.65 per share for the quarter, down from their previous estimate of $0.66. KeyCorp has a “Positive” rating and a $108.00 price objective on the stock.

A number of other analysts also recently issued reports on OLLI. BidaskClub raised shares of Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating in a report on Tuesday, August 14th. Bank of America raised shares of Ollie’s Bargain Outlet from an “underperform” rating to a “buy” rating in a report on Monday, August 20th. Piper Jaffray Companies reissued an “overweight” rating and set a $99.00 price target on shares of Ollie’s Bargain Outlet in a report on Tuesday, August 28th. Zacks Investment Research downgraded shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a report on Thursday, August 30th. Finally, MKM Partners increased their price target on shares of Ollie’s Bargain Outlet from $80.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday, September 5th. Seven equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $90.33.

Shares of NASDAQ OLLI opened at $69.13 on Friday. Ollie’s Bargain Outlet has a 1 year low of $47.76 and a 1 year high of $97.61. The firm has a market cap of $5.44 billion, a P/E ratio of 55.30, a PEG ratio of 1.97 and a beta of 0.34. The company has a current ratio of 2.03, a quick ratio of 0.31 and a debt-to-equity ratio of 0.01.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings data on Tuesday, December 4th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.31 by $0.01. The business had revenue of $283.60 million for the quarter, compared to the consensus estimate of $278.62 million. Ollie’s Bargain Outlet had a net margin of 12.89% and a return on equity of 12.66%. The business’s revenue for the quarter was up 19.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.22 EPS.

Large investors have recently bought and sold shares of the business. Advisors Asset Management Inc. acquired a new position in Ollie’s Bargain Outlet during the second quarter worth $1,257,000. Brown Advisory Inc. raised its position in Ollie’s Bargain Outlet by 716.1% during the second quarter. Brown Advisory Inc. now owns 71,454 shares of the company’s stock worth $5,180,000 after acquiring an additional 62,698 shares during the period. NumerixS Investment Technologies Inc raised its position in Ollie’s Bargain Outlet by 135.8% during the second quarter. NumerixS Investment Technologies Inc now owns 12,500 shares of the company’s stock worth $912,000 after acquiring an additional 7,200 shares during the period. GSA Capital Partners LLP acquired a new position in Ollie’s Bargain Outlet during the second quarter worth $1,330,000. Finally, Norris Perne & French LLP MI acquired a new position in Ollie’s Bargain Outlet during the third quarter worth $203,000. Institutional investors own 90.73% of the company’s stock.

In other Ollie’s Bargain Outlet news, CEO Mark L. Butler sold 80,000 shares of the company’s stock in a transaction on Tuesday, December 4th. The shares were sold at an average price of $88.95, for a total transaction of $7,116,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,650,242 shares in the company, valued at $235,739,025.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jay Stasz sold 5,337 shares of the company’s stock in a transaction on Thursday, September 13th. The stock was sold at an average price of $91.16, for a total transaction of $486,520.92. Following the transaction, the chief financial officer now owns 12,733 shares of the company’s stock, valued at $1,160,740.28. The disclosure for this sale can be found here. Insiders have sold 485,337 shares of company stock worth $44,137,101 over the last three months. 20.27% of the stock is currently owned by 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.

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

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