Ollie’s Bargain Outlet (NASDAQ:OLLI) Releases FY 2024 Earnings Guidance

Ollie’s Bargain Outlet (NASDAQ:OLLI) updated its FY 2024 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 3.220-3.300 for the period, compared to the consensus estimate of 3.270. The company issued revenue guidance of $2.3 billion-$2.3 billion, compared to the consensus revenue estimate of $2.3 billion. Ollie’s Bargain Outlet also updated its FY25 guidance to $3.22-3.30 EPS.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. UBS Group lifted their target price on shares of Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the stock a “neutral” rating in a research note on Friday, August 30th. StockNews.com cut shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research report on Tuesday, October 22nd. Wells Fargo & Company cut shares of Ollie’s Bargain Outlet from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $100.00 to $95.00 in a research report on Tuesday, December 3rd. Loop Capital reiterated a “buy” rating and set a $110.00 price target on shares of Ollie’s Bargain Outlet in a research report on Friday, September 20th. Finally, Royal Bank of Canada lifted their price target on shares of Ollie’s Bargain Outlet from $100.00 to $106.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $104.50.

Ollie’s Bargain Outlet Stock Up 13.2 %

NASDAQ OLLI opened at $111.02 on Wednesday. Ollie’s Bargain Outlet has a 52 week low of $68.05 and a 52 week high of $113.76. The stock has a market capitalization of $6.81 billion, a PE ratio of 33.85, a price-to-earnings-growth ratio of 2.53 and a beta of 0.85. The firm has a 50 day moving average of $95.30 and a two-hundred day moving average of $94.70.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings results on Tuesday, December 10th. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.57 by $0.01. Ollie’s Bargain Outlet had a net margin of 9.19% and a return on equity of 13.27%. The company had revenue of $517.43 million during the quarter, compared to analysts’ expectations of $518.83 million. During the same quarter in the previous year, the business posted $0.51 EPS. The firm’s revenue was up 7.8% on a year-over-year basis. On average, equities research analysts expect that Ollie’s Bargain Outlet will post 3.27 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Robert F. Helm sold 2,401 shares of the business’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $94.68, for a total transaction of $227,326.68. Following the completion of the sale, the chief financial officer now owns 2,021 shares in the company, valued at approximately $191,348.28. The trade was a 54.30 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO John W. Swygert sold 2,400 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $102.54, for a total transaction of $246,096.00. Following the sale, the chief executive officer now owns 48,200 shares of the company’s stock, valued at $4,942,428. This represents a 4.74 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 36,112 shares of company stock worth $3,614,366 in the last 90 days. Corporate insiders own 0.87% of the company’s stock.

About Ollie’s Bargain Outlet

Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise in the United States. The company offers housewares, bed and bath, food, floor coverings, health and beauty aids, books and stationery, toys, and electronics; and other products, including hardware, candy, clothing, sporting goods, pet and lawn, and garden products.