Ollie’s Bargain Outlet (NASDAQ:OLLI) issued an update on its FY20 earnings guidance on Wednesday morning. The company provided EPS guidance of $1.95-2.00 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.16. The company issued revenue guidance of $1.419-1.430 billion, compared to the consensus revenue estimate of $1.45 billion.Ollie’s Bargain Outlet also updated its FY 2019 guidance to $1.95-2.00 EPS.
NASDAQ OLLI traded up $0.52 during trading hours on Wednesday, hitting $77.77. 1,843,383 shares of the company’s stock traded hands, compared to its average volume of 916,601. Ollie’s Bargain Outlet has a 52-week low of $59.72 and a 52-week high of $103.03. The company has a market capitalization of $4.90 billion, a PE ratio of 42.50, a PEG ratio of 1.70 and a beta of 0.73. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.86 and a quick ratio of 0.31. The firm’s 50-day moving average is $82.36 and its 200-day moving average is $88.39.
Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings results on Thursday, June 6th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.02. Ollie’s Bargain Outlet had a net margin of 11.10% and a return on equity of 13.49%. The business had revenue of $324.90 million during the quarter, compared to analysts’ expectations of $319.24 million. During the same quarter in the prior year, the company posted $0.41 EPS. The business’s revenue for the quarter was up 17.8% on a year-over-year basis. Equities research analysts predict that Ollie’s Bargain Outlet will post 2.16 earnings per share for the current fiscal year.
OLLI has been the subject of a number of research analyst reports. Zacks Investment Research cut shares of Ollie’s Bargain Outlet from a buy rating to a hold rating and set a $101.00 price objective for the company. in a research report on Tuesday, June 4th. Credit Suisse Group increased their price objective on shares of Ollie’s Bargain Outlet from $89.00 to $103.00 and gave the stock an outperform rating in a research report on Tuesday, May 14th. They noted that the move was a valuation call. Morgan Stanley set a $89.00 price objective on shares of Ollie’s Bargain Outlet and gave the stock a hold rating in a research report on Tuesday, June 11th. BidaskClub raised shares of Ollie’s Bargain Outlet from a strong sell rating to a sell rating in a research report on Thursday, August 22nd. Finally, Dougherty & Co initiated coverage on shares of Ollie’s Bargain Outlet in a research report on Thursday, May 23rd. They set a buy rating and a $115.00 price objective for the company. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $96.38.
In other Ollie’s Bargain Outlet news, VP Kenneth Robert Bertram sold 8,525 shares of the stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $95.30, for a total transaction of $812,432.50. Following the sale, the vice president now directly owns 18,967 shares in the company, valued at approximately $1,807,555.10. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Omar Segura sold 6,102 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $78.49, for a total transaction of $478,945.98. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,627 shares of company stock worth $2,165,878. 16.36% of the stock is owned by company insiders.
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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