Ollie's Bargain Outlet Holdings Inc (NASDAQ:OLLI) – Equities research analysts at Jefferies Group raised their Q3 2018 earnings estimates for shares of Ollie's Bargain Outlet in a research note issued on Tuesday. Jefferies Group analyst D. Binder now forecasts that the company will post earnings of $0.21 per share for the quarter, up from their previous estimate of $0.20. Jefferies Group has a “Buy” rating and a $57.00 price objective on the stock. Jefferies Group also issued estimates for Ollie's Bargain Outlet’s FY2018 earnings at $1.21 EPS, Q1 2019 earnings at $0.31 EPS, Q2 2019 earnings at $0.32 EPS, Q3 2019 earnings at $0.26 EPS, Q4 2019 earnings at $0.53 EPS, FY2020 earnings at $1.65 EPS, FY2021 earnings at $1.97 EPS and FY2022 earnings at $2.39 EPS.
OLLI has been the subject of a number of other research reports. Stephens assumed coverage on shares of Ollie's Bargain Outlet in a research note on Tuesday, October 31st. They set an “overweight” rating and a $53.00 price objective for the company. BidaskClub raised shares of Ollie's Bargain Outlet from a “hold” rating to a “buy” rating in a research note on Thursday. Zacks Investment Research cut Ollie's Bargain Outlet from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Royal Bank Of Canada boosted their target price on Ollie's Bargain Outlet from $47.00 to $49.00 and gave the stock an “outperform” rating in a report on Wednesday, August 30th. Finally, Citigroup began coverage on Ollie's Bargain Outlet in a report on Friday, November 17th. They set a “sell” rating and a $39.00 target price for the company. One analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company’s stock. Ollie's Bargain Outlet presently has a consensus rating of “Buy” and an average price target of $49.31.
Ollie's Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings data on Wednesday, December 6th. The company reported $0.22 EPS for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.01. Ollie's Bargain Outlet had a net margin of 7.60% and a return on equity of 10.44%. The company had revenue of $238.10 million during the quarter, compared to the consensus estimate of $233.77 million. During the same quarter in the prior year, the company posted $0.17 EPS. The company’s quarterly revenue was up 17.9% compared to the same quarter last year.
Several hedge funds have recently bought and sold shares of OLLI. Capital World Investors acquired a new stake in shares of Ollie's Bargain Outlet during the 2nd quarter valued at approximately $38,979,000. BlackRock Inc. increased its position in Ollie's Bargain Outlet by 17.3% in the second quarter. BlackRock Inc. now owns 5,659,483 shares of the company’s stock worth $241,093,000 after buying an additional 832,667 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its position in Ollie's Bargain Outlet by 22.8% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,640,797 shares of the company’s stock worth $122,533,000 after buying an additional 490,295 shares during the period. State Street Corp increased its position in Ollie's Bargain Outlet by 53.7% in the second quarter. State Street Corp now owns 1,232,162 shares of the company’s stock worth $52,491,000 after buying an additional 430,682 shares during the period. Finally, Northern Trust Corp increased its position in Ollie's Bargain Outlet by 70.9% in the second quarter. Northern Trust Corp now owns 609,254 shares of the company’s stock worth $25,954,000 after buying an additional 252,781 shares during the period. 90.05% of the stock is currently owned by institutional investors and hedge funds.
In other Ollie's Bargain Outlet news, SVP Jay Stasz sold 11,250 shares of the company’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $50.11, for a total value of $563,737.50. Following the transaction, the senior vice president now directly owns 10,000 shares of the company’s stock, valued at approximately $501,100. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Howard Freedman sold 11,500 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $48.50, for a total value of $557,750.00. Following the completion of the transaction, the vice president now directly owns 40,870 shares in the company, valued at $1,982,195. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,610,463 shares of company stock valued at $75,439,445. 22.25% of the stock is owned by company insiders.
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.
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