Ollie's Bargain Outlet Holdings Inc to Post Q1 2019 Earnings of $0.36 Per Share, Jefferies Group Forecasts (OLLI)

Ollie's Bargain Outlet Holdings Inc (NASDAQ:OLLI) – Equities researchers at Jefferies Group decreased their Q1 2019 EPS estimates for Ollie's Bargain Outlet in a research report issued to clients and investors on Monday. Jefferies Group analyst D. Binder now expects that the company will earn $0.36 per share for the quarter, down from their previous estimate of $0.37. Jefferies Group has a “Buy” rating and a $57.00 price target on the stock. Jefferies Group also issued estimates for Ollie's Bargain Outlet’s FY2019 earnings at $1.77 EPS, FY2020 earnings at $2.08 EPS, FY2021 earnings at $2.47 EPS and FY2022 earnings at $3.00 EPS.

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

Other equities research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. increased their price target on Ollie's Bargain Outlet from $47.00 to $61.00 in a report on Thursday, December 7th. KeyCorp reaffirmed a “buy” rating and issued a $55.00 price target (up previously from $50.00) on shares of Ollie's Bargain Outlet in a report on Thursday, December 7th. BidaskClub raised Ollie's Bargain Outlet from a “hold” rating to a “buy” rating in a report on Thursday, December 7th. Zacks Investment Research raised Ollie's Bargain Outlet from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a report on Thursday, December 7th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $71.00 price target on shares of Ollie's Bargain Outlet in a report on Tuesday. One analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $51.54.

Ollie's Bargain Outlet (OLLI) traded up $2.15 during trading hours on Thursday, hitting $54.00. The company had a trading volume of 672,499 shares, compared to its average volume of 845,600. Ollie's Bargain Outlet has a 12-month low of $28.90 and a 12-month high of $54.30. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.36 and a current ratio of 2.53. The firm has a market capitalization of $3,330.00 and a PE ratio of 42.19.

In other Ollie's Bargain Outlet news, CFO John W. Swygert sold 60,000 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The stock was 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 is available at the SEC website. Also, CEO Mark L. Butler sold 152,102 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $47.02, for a total value of $7,151,836.04. Following the sale, the chief executive officer now directly owns 4,356 shares of the company’s stock, valued at approximately $204,819.12. The disclosure for this sale can be found here. In the last three months, insiders have sold 983,840 shares of company stock valued at $46,973,471. 22.25% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. M&T Bank Corp boosted its position in shares of Ollie's Bargain Outlet by 6.1% during the second quarter. M&T Bank Corp now owns 7,829 shares of the company’s stock worth $333,000 after buying an additional 447 shares during the period. D.A. Davidson & CO. boosted its position in shares of Ollie's Bargain Outlet by 14.9% during the second quarter. D.A. Davidson & CO. now owns 3,442 shares of the company’s stock worth $146,000 after buying an additional 447 shares during the period. Advisor Group Inc. boosted its position in shares of Ollie's Bargain Outlet by 23.2% during the second quarter. Advisor Group Inc. now owns 2,853 shares of the company’s stock worth $122,000 after buying an additional 537 shares during the period. Swiss National Bank boosted its position in shares of Ollie's Bargain Outlet by 2.5% during the second quarter. Swiss National Bank now owns 81,700 shares of the company’s stock worth $3,480,000 after buying an additional 2,000 shares during the period. Finally, American International Group Inc. boosted its position in shares of Ollie's Bargain Outlet by 6.0% during the third quarter. American International Group Inc. now owns 37,894 shares of the company’s stock worth $1,758,000 after buying an additional 2,152 shares during the period. Institutional investors and hedge funds own 89.66% 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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