Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) – Research analysts at Jefferies Group upped their Q3 2018 earnings estimates for Ollie’s Bargain Outlet Holdings in a note issued to investors on Tuesday. Jefferies Group analyst D. Binder now forecasts that the company will post earnings of $0.20 per share for the quarter, up from their prior estimate of $0.19. Jefferies Group currently has a “Buy” rating and a $50.00 price objective on the stock. Jefferies Group also issued estimates for Ollie’s Bargain Outlet Holdings’ Q4 2018 earnings at $0.47 EPS, FY2018 earnings at $1.19 EPS, FY2019 earnings at $1.42 EPS, FY2020 earnings at $1.64 EPS, FY2021 earnings at $1.87 EPS and FY2022 earnings at $2.13 EPS.

Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) last announced its quarterly earnings results on Tuesday, August 29th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.02. Ollie’s Bargain Outlet Holdings had a net margin of 7.60% and a return on equity of 10.44%. The firm had revenue of $254.60 million during the quarter, compared to the consensus estimate of $242.85 million. During the same period last year, the firm posted $0.21 EPS. The firm’s quarterly revenue was up 20.5% on a year-over-year basis.

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A number of other equities research analysts also recently issued reports on the stock. BidaskClub upgraded shares of Ollie’s Bargain Outlet Holdings from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 5th. MKM Partners downgraded shares of Ollie’s Bargain Outlet Holdings from a “buy” rating to a “neutral” rating and set a $39.00 price objective on the stock. in a research note on Tuesday, May 30th. Royal Bank Of Canada reiterated a “buy” rating and set a $37.00 price objective on shares of Ollie’s Bargain Outlet Holdings in a research note on Thursday, May 25th. Zacks Investment Research upgraded shares of Ollie’s Bargain Outlet Holdings from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a research note on Thursday, August 24th. Finally, TheStreet upgraded shares of Ollie’s Bargain Outlet Holdings from a “c” rating to a “b-” rating in a research note on Monday, July 17th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $46.14.

Ollie’s Bargain Outlet Holdings (OLLI) opened at 42.70 on Thursday. Ollie’s Bargain Outlet Holdings has a one year low of $24.12 and a one year high of $46.08. The company’s 50-day moving average is $43.98 and its 200 day moving average is $38.93. The company has a market capitalization of $2.61 billion, a P/E ratio of 36.81 and a beta of 0.18.

In other news, VP Kenneth Robert Bertram sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $43.25, for a total value of $259,500.00. Following the sale, the vice president now directly owns 6,000 shares in the company, valued at approximately $259,500. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Mark L. Butler sold 6,248 shares of the firm’s stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $45.00, for a total transaction of $281,160.00. Following the completion of the sale, the chief executive officer now owns 4,880,480 shares in the company, valued at $219,621,600. The disclosure for this sale can be found here. Insiders have sold 500,481 shares of company stock worth $22,522,840 over the last quarter. Corporate insiders own 22.25% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. Teachers Advisors LLC increased its stake in Ollie’s Bargain Outlet Holdings by 2.6% in the fourth quarter. Teachers Advisors LLC now owns 32,999 shares of the company’s stock worth $939,000 after buying an additional 828 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in Ollie’s Bargain Outlet Holdings by 2.1% in the first quarter. Louisiana State Employees Retirement System now owns 19,500 shares of the company’s stock worth $653,000 after buying an additional 400 shares during the last quarter. Nisa Investment Advisors LLC bought a new stake in Ollie’s Bargain Outlet Holdings during the first quarter worth $235,000. State of Alaska Department of Revenue increased its stake in Ollie’s Bargain Outlet Holdings by 2.9% in the first quarter. State of Alaska Department of Revenue now owns 5,280 shares of the company’s stock worth $176,000 after buying an additional 150 shares during the last quarter. Finally, Profund Advisors LLC bought a new stake in Ollie’s Bargain Outlet Holdings during the first quarter worth $225,000. Institutional investors own 92.90% of the company’s stock.

About Ollie’s Bargain Outlet Holdings

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 Holdings (NASDAQ:OLLI)

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