Ollie's Bargain Outlet Holdings Inc (NASDAQ:OLLI) – KeyCorp increased their FY2019 earnings per share estimates for Ollie's Bargain Outlet in a research note issued on Wednesday, according to Zacks Investment Research. KeyCorp analyst B. Thomas now expects that the company will post earnings per share of $1.72 for the year, up from their prior forecast of $1.41. KeyCorp has a “Buy” rating and a $55.00 price target on the stock.
Ollie's Bargain Outlet (NASDAQ:OLLI) last released its earnings results on Wednesday, December 6th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.01. The business had revenue of $238.10 million for 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 business’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.17 earnings per share.
Ollie's Bargain Outlet (NASDAQ OLLI) traded up $1.50 during midday trading on Monday, hitting $55.50. The stock had a trading volume of 695,400 shares, compared to its average volume of 828,900. The stock 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. Ollie's Bargain Outlet has a 1-year low of $28.90 and a 1-year high of $56.65. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.36 and a current ratio of 2.53.
In other news, CFO John W. Swygert sold 60,000 shares of Ollie's Bargain Outlet stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $52.20, for a total value of $3,132,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jay Stasz sold 11,250 shares of Ollie's Bargain Outlet stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $50.11, for a total value of $563,737.50. Following the completion of the sale, the senior vice president now directly 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 worth $46,973,471 in the last 90 days. Company insiders own 22.25% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Advisor Group Inc. grew its stake in shares of Ollie's Bargain Outlet by 23.2% in the second quarter. Advisor Group Inc. now owns 2,853 shares of the company’s stock valued at $122,000 after buying an additional 537 shares in the last quarter. D.A. Davidson & CO. grew its stake in Ollie's Bargain Outlet by 14.9% during the 2nd quarter. D.A. Davidson & CO. now owns 3,442 shares of the company’s stock worth $146,000 after purchasing an additional 447 shares in the last quarter. Ameritas Investment Partners Inc. grew its stake in Ollie's Bargain Outlet by 165.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,180 shares of the company’s stock worth $178,000 after purchasing an additional 2,604 shares in the last quarter. Royal Bank of Canada grew its stake in Ollie's Bargain Outlet by 302.7% during the 2nd quarter. Royal Bank of Canada now owns 4,257 shares of the company’s stock worth $182,000 after purchasing an additional 3,200 shares in the last quarter. Finally, First Heartland Consultants Inc. acquired a new position in Ollie's Bargain Outlet during the 3rd quarter worth $207,000. 89.66% of the stock is owned by institutional investors and hedge funds.
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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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