Ollie’s Bargain Outlet (OLLI) Updates FY 2018 Earnings Guidance

Ollie’s Bargain Outlet (NASDAQ:OLLI) updated its FY 2018 earnings guidance on Tuesday. The company provided earnings per share guidance of $1.74-1.77 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.77. The company issued revenue guidance of $1.226-1.231 billion, compared to the consensus revenue estimate of $1.23 billion.

Several brokerages recently weighed in on OLLI. BidaskClub raised shares of Ollie’s Bargain Outlet from a buy rating to a strong-buy rating in a research note on Wednesday, October 3rd. Zacks Investment Research raised shares of Ollie’s Bargain Outlet from a hold rating to a buy rating and set a $99.00 price objective on the stock in a research note on Monday, September 10th. MKM Partners upped their price target on shares of Ollie’s Bargain Outlet from $80.00 to $80.00 and gave the company a neutral rating in a research report on Wednesday, September 5th. Royal Bank of Canada upped their price objective on shares of Ollie’s Bargain Outlet to $95.00 and gave the company an outperform rating in a report on Thursday, September 6th. Finally, Buckingham Research upped their price objective on shares of Ollie’s Bargain Outlet from $75.00 to $90.00 and gave the company a neutral rating in a report on Thursday, September 6th. Seven analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. The stock currently has an average rating of Buy and an average target price of $88.25.

Shares of NASDAQ OLLI traded down $4.40 during trading on Tuesday, hitting $86.83. 1,472,166 shares of the company traded hands, compared to its average volume of 692,236. Ollie’s Bargain Outlet has a fifty-two week low of $47.76 and a fifty-two week high of $97.61. The firm has a market capitalization of $5.56 billion, a P/E ratio of 69.46, a P/E/G ratio of 2.02 and a beta of 0.35. The company has a current ratio of 2.51, a quick ratio of 0.31 and a debt-to-equity ratio of 0.01.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its earnings results on Wednesday, September 5th. The company reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.04. Ollie’s Bargain Outlet had a net margin of 12.88% and a return on equity of 12.48%. The company had revenue of $288.10 million for the quarter, compared to analyst estimates of $284.19 million. During the same quarter in the prior year, the business posted $0.27 EPS. The firm’s revenue was up 13.1% compared to the same quarter last year. Equities research analysts forecast that Ollie’s Bargain Outlet will post 1.76 EPS for the current year.

In related news, COO John W. Swygert sold 48,000 shares of the company’s stock in a transaction dated Monday, November 19th. The shares were sold at an average price of $88.84, for a total value of $4,264,320.00. Following the sale, the chief operating officer now owns 77,193 shares in the company, valued at approximately $6,857,826.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mark L. Butler sold 90,000 shares of the company’s stock in a transaction dated Wednesday, October 3rd. The stock was sold at an average price of $94.49, for a total transaction of $8,504,100.00. The disclosure for this sale can be found here. Insiders sold a total of 425,337 shares of company stock worth $38,781,701 in the last 90 days. 20.27% of the stock is currently owned by company insiders.

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About Ollie’s Bargain Outlet

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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