Ollie’s Bargain Outlet (OLLI) to Release Quarterly Earnings on Tuesday

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Ollie’s Bargain Outlet (NASDAQ:OLLI) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, December 10th. Analysts expect the company to announce earnings of $0.39 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Shares of OLLI opened at $59.00 on Tuesday. The business’s 50 day moving average is $64.11 and its two-hundred day moving average is $75.92. Ollie’s Bargain Outlet has a 52-week low of $53.60 and a 52-week high of $103.03. The firm has a market cap of $4.16 billion, a price-to-earnings ratio of 32.24, a PEG ratio of 1.55 and a beta of 0.87. The company has a quick ratio of 0.41, a current ratio of 2.13 and a debt-to-equity ratio of 0.26.

OLLI has been the topic of a number of recent analyst reports. Bank of America cut their target price on Ollie’s Bargain Outlet from $110.00 to $75.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Wells Fargo & Co reaffirmed a “market perform” rating and issued a $60.00 target price (down from $85.00) on shares of Ollie’s Bargain Outlet in a research report on Thursday, August 29th. Royal Bank of Canada raised Ollie’s Bargain Outlet from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $65.00 to $67.00 in a research report on Tuesday, October 15th. Morgan Stanley lowered their price target on Ollie’s Bargain Outlet from $89.00 to $70.00 and set an “equal weight” rating for the company in a report on Friday, August 30th. Finally, Citigroup lowered their price target on Ollie’s Bargain Outlet from $95.00 to $65.00 and set a “neutral” rating for the company in a report on Thursday, August 29th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $80.00.

In other news, VP Kenneth Robert Bertram sold 12,228 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $64.71, for a total value of $791,273.88. Following the completion of the sale, the vice president now directly owns 41,717 shares in the company, valued at approximately $2,699,507.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Kevin Mclain sold 6,917 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $64.03, for a total value of $442,895.51. Insiders sold a total of 29,270 shares of company stock valued at $1,892,131 over the last quarter. Company insiders own 16.36% of the company’s stock.

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

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