Zacks: Brokerages Anticipate Ollie’s Bargain Outlet Holdings Inc (OLLI) Will Announce Earnings of $0.44 Per Share

Equities research analysts expect that Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) will announce $0.44 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Ollie’s Bargain Outlet’s earnings, with estimates ranging from $0.42 to $0.46. Ollie’s Bargain Outlet reported earnings per share of $0.41 during the same quarter last year, which suggests a positive year over year growth rate of 7.3%. The company is scheduled to report its next earnings results on Tuesday, June 4th.

According to Zacks, analysts expect that Ollie’s Bargain Outlet will report full year earnings of $2.16 per share for the current year, with EPS estimates ranging from $2.13 to $2.25. For the next year, analysts expect that the firm will post earnings of $2.54 per share, with EPS estimates ranging from $2.43 to $2.62. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that that provide coverage for Ollie’s Bargain Outlet.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its earnings results on Tuesday, March 26th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.01. Ollie’s Bargain Outlet had a net margin of 10.88% and a return on equity of 13.71%. The firm had revenue of $393.93 million for the quarter, compared to analysts’ expectations of $398.13 million. During the same quarter last year, the company posted $0.51 earnings per share. Ollie’s Bargain Outlet’s revenue was up 10.4% on a year-over-year basis.

A number of equities analysts have issued reports on the stock. BidaskClub raised shares of Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating in a report on Monday, April 1st. Zacks Investment Research cut shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a report on Friday, March 29th. Morgan Stanley raised their target price on shares of Ollie’s Bargain Outlet from $74.00 to $79.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 27th. Finally, Bank of America reissued a “buy” rating and issued a $87.00 target price (down previously from $98.00) on shares of Ollie’s Bargain Outlet in a report on Wednesday, January 9th. Eight analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $89.40.

In other news, Director Thomas Hendrickson sold 21,000 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Friday, March 29th. The stock was sold at an average price of $85.55, for a total transaction of $1,796,550.00. Following the sale, the director now owns 7,474 shares of the company’s stock, valued at $639,400.70. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Mark L. Butler sold 95,337 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Tuesday, February 5th. The shares were sold at an average price of $80.49, for a total value of $7,673,675.13. Following the sale, the chief executive officer now directly owns 2,528,742 shares in the company, valued at approximately $203,538,443.58. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 318,288 shares of company stock worth $25,884,568. Corporate insiders own 20.27% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its stake in shares of Ollie’s Bargain Outlet by 0.8% during the fourth quarter. BlackRock Inc. now owns 5,775,289 shares of the company’s stock valued at $384,114,000 after acquiring an additional 47,644 shares during the period. Vanguard Group Inc. increased its stake in shares of Ollie’s Bargain Outlet by 2.5% during the third quarter. Vanguard Group Inc. now owns 4,696,518 shares of the company’s stock valued at $451,335,000 after acquiring an additional 113,986 shares during the period. Vanguard Group Inc increased its stake in shares of Ollie’s Bargain Outlet by 2.5% during the third quarter. Vanguard Group Inc now owns 4,696,518 shares of the company’s stock valued at $451,335,000 after acquiring an additional 113,986 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Ollie’s Bargain Outlet by 3.8% during the fourth quarter. Bank of New York Mellon Corp now owns 986,783 shares of the company’s stock valued at $65,631,000 after acquiring an additional 36,408 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of Ollie’s Bargain Outlet by 4.0% during the third quarter. JPMorgan Chase & Co. now owns 914,257 shares of the company’s stock valued at $87,861,000 after acquiring an additional 34,762 shares during the period. Institutional investors and hedge funds own 89.46% of the company’s stock.

Shares of NASDAQ OLLI opened at $92.77 on Friday. Ollie’s Bargain Outlet has a 52-week low of $59.72 and a 52-week high of $97.61. The stock has a market capitalization of $5.86 billion, a price-to-earnings ratio of 50.69, a price-to-earnings-growth ratio of 1.82 and a beta of 0.99.

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, health and beauty 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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