FY2017 EPS Estimates for Ollie’s Bargain Outlet Holdings, Inc. (OLLI) Lifted by KeyCorp

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) – Research analysts at KeyCorp lifted their FY2017 EPS estimates for shares of Ollie’s Bargain Outlet Holdings in a report issued on Monday. KeyCorp analyst B. Thomas now forecasts that the firm will earn $0.94 per share for the year, up from their prior estimate of $0.93. KeyCorp also issued estimates for Ollie’s Bargain Outlet Holdings’ FY2018 earnings at $1.09 EPS.

Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) last announced its quarterly earnings data on Wednesday, December 7th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.03. The company had revenue of $201.99 million for the quarter, compared to analysts’ expectations of $201.46 million. Ollie’s Bargain Outlet Holdings had a net margin of 6.05% and a return on equity of 9.29%. Ollie’s Bargain Outlet Holdings’s revenue was up 15.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.11 EPS.

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

Several other equities analysts have also recently commented on OLLI. MKM Partners initiated coverage on Ollie’s Bargain Outlet Holdings in a research note on Friday, October 14th. They set a “buy” rating and a $33.00 target price for the company. Zacks Investment Research cut Ollie’s Bargain Outlet Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, November 9th. Royal Bank Of Canada raised their price objective on Ollie’s Bargain Outlet Holdings from $32.00 to $35.00 and gave the stock an “outperform” rating in a research note on Thursday, December 8th. RBC Capital Markets raised their price objective on Ollie’s Bargain Outlet Holdings from $32.00 to $35.00 and gave the stock an “outperform” rating in a research note on Thursday, December 8th. Finally, Jefferies Group restated a “buy” rating on shares of Ollie’s Bargain Outlet Holdings in a research note on Friday, December 9th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $31.25.

Shares of Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) remained flat at $30.25 during midday trading on Wednesday. The company’s stock had a trading volume of 583,051 shares. Ollie’s Bargain Outlet Holdings has a 52 week low of $17.19 and a 52 week high of $32.75. The firm’s 50 day moving average price is $30.23 and its 200 day moving average price is $27.28. The stock has a market capitalization of $1.83 billion, a PE ratio of 36.58 and a beta of 0.12.

In other Ollie’s Bargain Outlet Holdings news, SVP Kevin Mclain sold 10,000 shares of the stock in a transaction on Thursday, December 15th. The stock was sold at an average price of $29.85, for a total value of $298,500.00. Following the sale, the senior vice president now directly owns 10,000 shares of the company’s stock, valued at $298,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Omar Segura sold 21,083 shares of the stock in a transaction on Monday, November 14th. The stock was sold at an average price of $30.41, for a total value of $641,134.03. Following the completion of the sale, the senior vice president now directly owns 15,333 shares in the company, valued at $466,276.53. The disclosure for this sale can be found here. 21.80% of the stock is owned by company insiders.

COPYRIGHT VIOLATION WARNING: “FY2017 EPS Estimates for Ollie’s Bargain Outlet Holdings, Inc. (OLLI) Lifted by KeyCorp” was posted by Community Financial News and is owned by of Community Financial News. If you are reading this article on another website, it was illegally stolen and reposted in violation of United States & international trademark & copyright legislation. The correct version of this article can be accessed at https://www.com-unik.info/2017/01/11/fy2017-eps-estimates-for-ollies-bargain-outlet-holdings-inc-olli-lifted-by-keycorp.html.

A number of large investors have recently modified their holdings of the company. PNC Financial Services Group Inc. raised its stake in shares of Ollie’s Bargain Outlet Holdings by 4,555.3% in the third quarter. PNC Financial Services Group Inc. now owns 3,957 shares of the company’s stock valued at $104,000 after buying an additional 3,872 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Ollie’s Bargain Outlet Holdings during the third quarter worth approximately $106,000. SevenBridge Financial Group LLC acquired a new position in shares of Ollie’s Bargain Outlet Holdings during the second quarter worth approximately $116,000. Barclays PLC raised its position in shares of Ollie’s Bargain Outlet Holdings by 844.7% in the second quarter. Barclays PLC now owns 4,799 shares of the company’s stock worth $119,000 after buying an additional 4,291 shares during the period. Finally, BlackRock Group LTD raised its position in shares of Ollie’s Bargain Outlet Holdings by 88.7% in the second quarter. BlackRock Group LTD now owns 5,172 shares of the company’s stock worth $129,000 after buying an additional 2,431 shares during the period. 87.92% of the stock is currently owned by hedge funds and other institutional investors.

About Ollie’s Bargain Outlet Holdings

Ollie’s Bargain Outlet Holdings, Inc is a retailer of brand name merchandise. The Company offers deals on closeouts, excess inventory and salvage merchandise. The Company’s product offerings include food, such as packaged food, including coffee, bottled non-carbonated beverages, salty snacks, condiments, sauces, spices, dry pasta, canned goods, cereal and cookies; housewares, such as cooking utensils, dishes, appliances, storage and garbage bags, detergents and cleaning supplies, cookware and glassware, frames and giftware; books and stationery, such as novels, business, cooking, inspirational and coffee table books along with digital versatile discs (DVDs), greeting cards and various office supplies and party goods, and bed and bath, such as household goods, including bedding, towels, curtains and associated hardware.

5 Day Chart for NASDAQ:OLLI

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