Ollie’s Bargain Outlet Holdings, Inc. (OLLI) Expected to Announce Quarterly Sales of $232.43 Million

Analysts expect Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) to report sales of $232.43 million for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Ollie’s Bargain Outlet’s earnings, with the highest sales estimate coming in at $233.68 million and the lowest estimate coming in at $230.70 million. Ollie’s Bargain Outlet reported sales of $201.99 million in the same quarter last year, which indicates a positive year over year growth rate of 15.1%. The firm is expected to issue its next earnings report after the market closes on Wednesday, December 6th.

According to Zacks, analysts expect that Ollie’s Bargain Outlet will report full year sales of $232.43 million for the current fiscal year, with estimates ranging from $1.05 billion to $1.19 billion. For the next year, analysts anticipate that the firm will report sales of $1.23 billion per share, with estimates ranging from $1.19 billion to $1.37 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover Ollie’s Bargain Outlet.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings results on Tuesday, August 29th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.02. Ollie’s Bargain Outlet had a return on equity of 10.44% and a net margin of 7.60%. The firm had revenue of $254.60 million during the quarter, compared to analyst estimates of $242.85 million. During the same quarter in the previous year, the company posted $0.21 earnings per share. The company’s revenue was up 20.5% compared to the same quarter last year.

OLLI has been the subject of a number of recent research reports. Citigroup Inc. initiated coverage on Ollie’s Bargain Outlet in a research note on Friday, November 17th. They issued a “sell” rating and a $39.00 target price for the company. Wells Fargo & Company initiated coverage on Ollie’s Bargain Outlet in a research note on Friday, November 3rd. They issued a “market perform” rating and a $45.00 target price for the company. Zacks Investment Research lowered Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Stephens initiated coverage on Ollie’s Bargain Outlet in a research note on Tuesday, October 31st. They issued an “overweight” rating and a $53.00 target price for the company. Finally, KeyCorp reissued a “buy” rating and issued a $50.00 target price on shares of Ollie’s Bargain Outlet in a research note on Friday, September 29th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company. Ollie’s Bargain Outlet currently has a consensus rating of “Hold” and a consensus target price of $46.92.

In other Ollie’s Bargain Outlet news, CEO Mark L. Butler sold 152,102 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $47.02, for a total transaction of $7,151,836.04. Following the completion of the transaction, the chief executive officer now owns 4,356 shares of the company’s stock, valued at approximately $204,819.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mark L. Butler sold 227,843 shares of the company’s stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $47.02, for a total value of $10,713,177.86. Following the transaction, 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. Insiders have sold a total of 1,066,568 shares of company stock valued at $49,462,988 in the last ninety days. 22.25% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Alps Advisors Inc. raised its position in Ollie’s Bargain Outlet by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 15,179 shares of the company’s stock valued at $647,000 after purchasing an additional 40 shares during the last quarter. LS Investment Advisors LLC grew its holdings in shares of Ollie’s Bargain Outlet by 1.1% during the 2nd quarter. LS Investment Advisors LLC now owns 4,375 shares of the company’s stock worth $186,000 after acquiring an additional 46 shares during the period. Louisiana State Employees Retirement System grew its holdings in shares of Ollie’s Bargain Outlet by 1.0% during the 2nd quarter. Louisiana State Employees Retirement System now owns 19,700 shares of the company’s stock worth $839,000 after acquiring an additional 200 shares during the period. Arizona State Retirement System grew its holdings in shares of Ollie’s Bargain Outlet by 1.2% during the 2nd quarter. Arizona State Retirement System now owns 25,200 shares of the company’s stock worth $1,074,000 after acquiring an additional 300 shares during the period. Finally, M&T Bank Corp grew its holdings in shares of Ollie’s Bargain Outlet by 6.1% during the 2nd quarter. M&T Bank Corp now owns 7,829 shares of the company’s stock worth $333,000 after acquiring an additional 447 shares during the period. 88.88% of the stock is owned by institutional investors and hedge funds.

Shares of Ollie’s Bargain Outlet (OLLI) traded down $0.45 during mid-day trading on Friday, reaching $46.40. The company’s stock had a trading volume of 198,735 shares, compared to its average volume of 428,141. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.29 and a current ratio of 2.80. Ollie’s Bargain Outlet has a 52-week low of $27.75 and a 52-week high of $47.50. The company has a market capitalization of $2,849.52, a price-to-earnings ratio of 42.96, a P/E/G ratio of 2.01 and a beta of 0.16.

TRADEMARK VIOLATION NOTICE: This piece of content was posted by Transcript Daily and is the property of of Transcript Daily. If you are viewing this piece of content on another website, it was illegally copied and republished in violation of international copyright legislation. The correct version of this piece of content can be accessed at https://transcriptdaily.com/2017/11/26/ollies-bargain-outlet-holdings-inc-olli-expected-to-announce-quarterly-sales-of-232-43-million.html.

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.

Get a free copy of the Zacks research report on Ollie’s Bargain Outlet (OLLI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Ollie`s Bargain Outlet (NASDAQ:OLLI)

Receive News & Ratings for Ollie's Bargain Outlet Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ollie's Bargain Outlet Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply