Ollie’s Bargain Outlet (NASDAQ:OLLI) Releases FY 2019 Earnings Guidance

Ollie’s Bargain Outlet (NASDAQ:OLLI) issued an update on its FY 2019 earnings guidance on Thursday morning. The company provided EPS guidance of $2.13-2.17 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.15. The company issued revenue guidance of $1.44-1.453 billion, compared to the consensus revenue estimate of $1.45 billion.Ollie’s Bargain Outlet also updated its FY20 guidance to $2.13-2.17 EPS.

Several analysts recently commented on the company. Morgan Stanley upped their target price on Ollie’s Bargain Outlet from $74.00 to $79.00 and gave the company an equal weight rating in a report on Wednesday, March 27th. Zacks Investment Research cut Ollie’s Bargain Outlet from a buy rating to a hold rating in a report on Friday, March 29th. BidaskClub cut Ollie’s Bargain Outlet from a buy rating to a hold rating in a report on Wednesday, March 13th. Dougherty & Co assumed coverage on 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. Finally, Credit Suisse Group upped their target price on 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. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. Ollie’s Bargain Outlet has a consensus rating of Hold and a consensus target price of $93.79.

Shares of Ollie’s Bargain Outlet stock opened at $87.11 on Friday. The company has a current ratio of 1.86, a quick ratio of 0.31 and a debt-to-equity ratio of 0.23. The stock has a market cap of $5.58 billion, a price-to-earnings ratio of 46.52, a PEG ratio of 1.84 and a beta of 0.94. Ollie’s Bargain Outlet has a 1 year low of $59.72 and a 1 year high of $103.03. The company’s fifty day simple moving average is $96.15.

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, topping the consensus estimate of $0.44 by $0.02. Ollie’s Bargain Outlet had a return on equity of 13.49% and a net margin of 11.10%. The company had revenue of $324.90 million during the quarter, compared to the consensus estimate of $319.24 million. During the same quarter in the prior year, the company earned $0.41 EPS. The firm’s quarterly revenue was up 17.8% compared to the same quarter last year. As a group, equities analysts forecast that Ollie’s Bargain Outlet will post 2.16 EPS for the current fiscal year.

In related news, SVP Kevin Mclain sold 14,000 shares of the firm’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $89.20, for a total transaction of $1,248,800.00. Following the transaction, the senior vice president now directly owns 14,000 shares of the company’s stock, valued at approximately $1,248,800. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Kenneth Robert Bertram sold 8,525 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $95.30, for a total value of $812,432.50. Following the completion of the transaction, the vice president now directly owns 18,967 shares in the company, valued at $1,807,555.10. The disclosure for this sale can be found here. In the last ninety days, insiders sold 55,025 shares of company stock worth $4,963,733. Insiders own 16.36% of the company’s stock.

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

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