Equities research analysts forecast that Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) will announce $340.04 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Ollie’s Bargain Outlet’s earnings, with the lowest sales estimate coming in at $337.10 million and the highest estimate coming in at $342.00 million. Ollie’s Bargain Outlet posted sales of $288.10 million during the same quarter last year, which indicates a positive year over year growth rate of 18%. The firm is expected to issue its next earnings results on Wednesday, September 4th.
On average, analysts expect that Ollie’s Bargain Outlet will report full year sales of $1.45 billion for the current fiscal year, with estimates ranging from $1.44 billion to $1.45 billion. For the next fiscal year, analysts forecast that the firm will post sales of $1.68 billion, with estimates ranging from $1.66 billion to $1.70 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Ollie’s Bargain Outlet.
Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings results on Thursday, June 6th. The company reported $0.46 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $324.90 million during the quarter, compared to analyst estimates of $319.24 million. During the same quarter last year, the business earned $0.41 EPS. The company’s revenue was up 17.8% compared to the same quarter last year.
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. Ollie’s Bargain Outlet has a 52-week low of $59.72 and a 52-week high of $103.03. The stock’s 50 day moving average price is $96.15. The company has a market cap of $5.54 billion, a price-to-earnings ratio of 47.60, a price-to-earnings-growth ratio of 1.83 and a beta of 0.94.
In other news, SVP Kevin Mclain sold 20,000 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $85.75, for a total transaction of $1,715,000.00. Following the completion of the transaction, the senior vice president now owns 20,000 shares of the company’s stock, valued at $1,715,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jay Stasz sold 12,500 shares of the business’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $95.00, for a total value of $1,187,500.00. Following the transaction, the chief financial officer now directly owns 22,903 shares of the company’s stock, valued at approximately $2,175,785. The disclosure for this sale can be found here. Insiders have sold 55,025 shares of company stock valued at $4,963,733 in the last three months. 16.36% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Manchester Capital Management LLC purchased a new position in shares of Ollie’s Bargain Outlet during the first quarter worth about $69,000. Mitsubishi UFJ Securities Holdings Co. Ltd. purchased a new stake in Ollie’s Bargain Outlet in the first quarter worth approximately $93,000. Advisory Services Network LLC boosted its stake in Ollie’s Bargain Outlet by 241.8% in the first quarter. Advisory Services Network LLC now owns 1,258 shares of the company’s stock worth $107,000 after buying an additional 890 shares in the last quarter. Rehmann Capital Advisory Group boosted its stake in Ollie’s Bargain Outlet by 796.7% in the fourth quarter. Rehmann Capital Advisory Group now owns 1,883 shares of the company’s stock worth $125,000 after buying an additional 1,673 shares in the last quarter. Finally, World Asset Management Inc purchased a new stake in Ollie’s Bargain Outlet in the first quarter worth approximately $204,000. 90.61% of the stock is owned by institutional investors.
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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