Brokers Set Expectations for Ollie's Bargain Outlet Holdings Inc’s Q2 2019 Earnings (NASDAQ:OLLI)

Ollie's Bargain Outlet Holdings Inc (NASDAQ:OLLI) – Research analysts at Jefferies Group upped their Q2 2019 EPS estimates for Ollie's Bargain Outlet in a research note issued to investors on Friday, according to Zacks Investment Research. Jefferies Group analyst D. Binder now anticipates that the company will post earnings of $0.40 per share for the quarter, up from their prior forecast of $0.33. Jefferies Group currently has a “Buy” rating and a $57.00 price target on the stock. Jefferies Group also issued estimates for Ollie's Bargain Outlet’s Q3 2019 earnings at $0.34 EPS and Q4 2019 earnings at $0.66 EPS.

A number of other research firms also recently commented on OLLI. BidaskClub upgraded Ollie's Bargain Outlet from a “buy” rating to a “strong-buy” rating in a report on Friday, December 22nd. Stephens reiterated an “overweight” rating and issued a $56.00 price objective (up previously from $54.00) on shares of Ollie's Bargain Outlet in a report on Monday, January 8th. JPMorgan Chase & Co. upped their price objective on Ollie's Bargain Outlet from $47.00 to $61.00 in a report on Thursday, December 7th. KeyCorp reiterated a “buy” rating and issued a $55.00 price objective (up previously from $50.00) on shares of Ollie's Bargain Outlet in a report on Thursday, December 7th. Finally, Piper Jaffray Companies reiterated an “overweight” rating and issued a $61.00 price objective on shares of Ollie's Bargain Outlet in a report on Thursday, December 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the stock. Ollie's Bargain Outlet currently has a consensus rating of “Buy” and an average price target of $51.54.

Ollie's Bargain Outlet (NASDAQ OLLI) traded up $1.50 during midday trading on Monday, reaching $55.50. The company had a trading volume of 695,400 shares, compared to its average volume of 828,900. The company has a market capitalization of $3,421.97, a P/E ratio of 43.70, a PEG ratio of 1.92 and a beta of 0.18. The company has a quick ratio of 0.36, a current ratio of 2.53 and a debt-to-equity ratio of 0.16. Ollie's Bargain Outlet has a fifty-two week low of $28.90 and a fifty-two week high of $56.65.

Ollie's Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings data on Wednesday, December 6th. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.01. The business had revenue of $238.10 million during the quarter, compared to the consensus estimate of $233.77 million. Ollie's Bargain Outlet had a return on equity of 10.55% and a net margin of 8.17%. The firm’s revenue was up 17.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.17 earnings per share.

In related news, VP Howard Freedman sold 11,500 shares of the stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $48.50, for a total transaction of $557,750.00. Following the completion of the transaction, the vice president now directly owns 40,870 shares in the company, valued at $1,982,195. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Jay Stasz sold 11,250 shares of the stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $50.11, for a total value of $563,737.50. Following the transaction, the senior vice president now owns 10,000 shares of the company’s stock, valued at $501,100. The disclosure for this sale can be found here. Insiders sold 983,840 shares of company stock valued at $46,973,471 over the last 90 days. Corporate insiders own 22.25% of the company’s stock.

Several large investors have recently bought and sold shares of OLLI. Capital World Investors bought a new position in shares of Ollie's Bargain Outlet during the second quarter worth about $38,979,000. BlackRock Inc. boosted its position in Ollie's Bargain Outlet by 17.3% during the second quarter. BlackRock Inc. now owns 5,659,483 shares of the company’s stock valued at $241,093,000 after purchasing an additional 832,667 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its position in Ollie's Bargain Outlet by 22.8% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,640,797 shares of the company’s stock valued at $122,533,000 after purchasing an additional 490,295 shares during the last quarter. State Street Corp boosted its position in Ollie's Bargain Outlet by 53.7% during the second quarter. State Street Corp now owns 1,232,162 shares of the company’s stock valued at $52,491,000 after purchasing an additional 430,682 shares during the last quarter. Finally, Northern Trust Corp boosted its position in Ollie's Bargain Outlet by 70.9% during the second quarter. Northern Trust Corp now owns 609,254 shares of the company’s stock valued at $25,954,000 after purchasing an additional 252,781 shares during the last quarter. Institutional investors and hedge funds own 89.66% of the company’s stock.

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Ollie's Bargain Outlet Company Profile

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

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