Ollie’s Bargain Outlet (NASDAQ:OLLI) issued an update on its FY 2019 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $1.95-2.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.16. The company issued revenue guidance of $1.419-1.43 billion, compared to the consensus revenue estimate of $1.45 billion.
NASDAQ OLLI traded up $0.52 on Wednesday, reaching $77.77. The company had a trading volume of 1,843,383 shares, compared to its average volume of 916,601. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.31 and a current ratio of 1.86. The company’s fifty day moving average is $82.50 and its 200-day moving average is $88.42. The firm has a market capitalization of $4.90 billion, a price-to-earnings ratio of 42.50, a price-to-earnings-growth ratio of 1.70 and a beta of 0.73. Ollie’s Bargain Outlet has a 1-year low of $59.72 and a 1-year high of $103.03.
Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its earnings results on Thursday, June 6th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.02. The company had revenue of $324.90 million for the quarter, compared to analysts’ expectations of $319.24 million. Ollie’s Bargain Outlet had a net margin of 11.10% and a return on equity of 13.49%. Ollie’s Bargain Outlet’s quarterly revenue was up 17.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.41 EPS. On average, research analysts forecast that Ollie’s Bargain Outlet will post 2.16 earnings per share for the current year.
Several research analysts have weighed in on OLLI shares. Zacks Investment Research cut shares of Ollie’s Bargain Outlet from a buy rating to a hold rating and set a $101.00 price target on the stock. in a report on Tuesday, June 4th. Morgan Stanley set a $89.00 price target on shares of Ollie’s Bargain Outlet and gave the company a hold rating in a report on Tuesday, June 11th. BidaskClub upgraded shares of Ollie’s Bargain Outlet from a strong sell rating to a sell rating in a research report on Thursday, August 22nd. ValuEngine lowered shares of Ollie’s Bargain Outlet from a buy rating to a hold rating in a research report on Thursday, August 1st. 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 target price on the stock. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $96.38.
In related news, SVP Omar Segura sold 6,102 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $78.49, for a total transaction of $478,945.98. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Kenneth Robert Bertram sold 8,525 shares of the stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $95.30, for a total transaction of $812,432.50. Following the sale, the vice president now owns 18,967 shares in the company, valued at approximately $1,807,555.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,627 shares of company stock worth $2,165,878. Company insiders own 16.36% of the company’s stock.
Ollie’s Bargain Outlet Company Profile
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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