Ollie's Bargain Outlet Holdings Inc (OLLI) Expected to Post Quarterly Sales of $221.02 Million

Wall Street analysts expect Ollie's Bargain Outlet Holdings Inc (NASDAQ:OLLI) to report $221.02 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Ollie's Bargain Outlet Holdings’ earnings, with the lowest sales estimate coming in at $219.6 million and the highest estimate coming in at $223.36 million. Ollie's Bargain Outlet Holdings posted sales of $193.72 million in the same quarter last year, which would indicate a positive year over year growth rate of 14.1%. The company is scheduled to issue its next quarterly earnings report on Wednesday, June 7th.

According to Zacks, analysts expect that Ollie's Bargain Outlet Holdings will report full-year sales of $221.02 million for the current year, with estimates ranging from $1.03 billion to $1.04 billion. For the next fiscal year, analysts anticipate that the business will post sales of $1.17 billion per share, with estimates ranging from $1.16 billion to $1.18 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Ollie's Bargain Outlet Holdings.

Ollie's Bargain Outlet Holdings (NASDAQ:OLLI) last posted its earnings results on Tuesday, March 28th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.04. Ollie's Bargain Outlet Holdings had a return on equity of 9.29% and a net margin of 6.05%. The firm had revenue of $283.40 million for the quarter, compared to analysts’ expectations of $281.05 million. During the same period in the previous year, the firm earned $0.31 earnings per share. The business’s revenue was up 16.4% compared to the same quarter last year.

Several research analysts have commented on the company. Royal Bank of Canada raised their price objective on Ollie's Bargain Outlet Holdings from $35.00 to $37.00 and gave the stock an “outperform” rating in a report on Wednesday, March 29th. Jefferies Group LLC restated a “buy” rating and set a $37.00 price objective on shares of Ollie's Bargain Outlet Holdings in a report on Wednesday, March 29th. MKM Partners restated a “buy” rating and set a $39.00 price objective (up from $34.00) on shares of Ollie's Bargain Outlet Holdings in a report on Friday, March 31st. Finally, Zacks Investment Research upgraded Ollie's Bargain Outlet Holdings from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a report on Friday, March 31st. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $35.60.

In other Ollie's Bargain Outlet Holdings news, CFO John W. Swygert sold 40,000 shares of the stock in a transaction on Wednesday, March 8th. The stock was sold at an average price of $31.29, for a total transaction of $1,251,600.00. Following the sale, the chief financial officer now owns 60,593 shares of the company’s stock, valued at approximately $1,895,954.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO John W. Swygert sold 2,981 shares of the stock in a transaction on Thursday, March 9th. The shares were sold at an average price of $31.65, for a total value of $94,348.65. Following the sale, the chief financial officer now directly owns 29,349 shares in the company, valued at approximately $928,895.85. The disclosure for this sale can be found here. Insiders have sold a total of 129,431 shares of company stock worth $4,280,365 in the last ninety days. Insiders own 21.80% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Emerald Mutual Fund Advisers Trust boosted its stake in shares of Ollie's Bargain Outlet Holdings by 87.2% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 482,515 shares of the company’s stock valued at $12,647,000 after buying an additional 224,713 shares during the period. First National Bank of Omaha boosted its stake in shares of Ollie's Bargain Outlet Holdings by 31.2% in the first quarter. First National Bank of Omaha now owns 28,514 shares of the company’s stock valued at $955,000 after buying an additional 6,785 shares during the period. Laurion Capital Management LP boosted its stake in shares of Ollie's Bargain Outlet Holdings by 254.1% in the third quarter. Laurion Capital Management LP now owns 297,795 shares of the company’s stock valued at $7,805,000 after buying an additional 213,695 shares during the period. Russell Investments Group Ltd. bought a new stake in shares of Ollie's Bargain Outlet Holdings during the fourth quarter valued at about $11,973,000. Finally, LMR Partners LLP boosted its stake in shares of Ollie's Bargain Outlet Holdings by 244.7% in the third quarter. LMR Partners LLP now owns 350,000 shares of the company’s stock valued at $9,174,000 after buying an additional 248,449 shares during the period. 87.47% of the stock is currently owned by institutional investors and hedge funds.

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Ollie's Bargain Outlet Holdings (NASDAQ:OLLI) opened at 39.45 on Friday. The stock has a market capitalization of $2.40 billion, a PE ratio of 41.09 and a beta of 0.15. The stock’s 50 day moving average price is $35.32 and its 200 day moving average price is $31.61. Ollie's Bargain Outlet Holdings has a 1-year low of $22.25 and a 1-year high of $41.30.

About Ollie's Bargain Outlet Holdings

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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