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.
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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