Ollie’s Bargain Outlet (NASDAQ:OLLI) updated its FY20 earnings guidance on Tuesday. The company provided EPS guidance of $1.95-2.00 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.96. The company issued revenue guidance of $1.419-1.430 billion, compared to the consensus revenue estimate of $1.43 billion.
A number of brokerages have weighed in on OLLI. Citigroup dropped their target price on shares of Ollie’s Bargain Outlet from $95.00 to $65.00 and set a neutral rating for the company in a research note on Thursday, August 29th. Credit Suisse Group reaffirmed an outperform rating and issued a $78.00 target price (down from $103.00) on shares of Ollie’s Bargain Outlet in a research note on Thursday, August 29th. Piper Jaffray Companies set a $70.00 target price on shares of Ollie’s Bargain Outlet and gave the stock a buy rating in a research note on Tuesday, September 24th. Loop Capital dropped their target price on shares of Ollie’s Bargain Outlet to $75.00 and set a buy rating for the company in a research note on Thursday, August 29th. Finally, BidaskClub cut shares of Ollie’s Bargain Outlet from a hold rating to a sell rating in a research report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $80.00.
Shares of NASDAQ:OLLI traded up $0.07 during trading on Tuesday, hitting $60.30. 3,129,378 shares of the company’s stock were exchanged, compared to its average volume of 1,067,198. Ollie’s Bargain Outlet has a 1-year low of $53.60 and a 1-year high of $103.03. The firm has a 50-day moving average price of $63.79 and a two-hundred day moving average price of $74.34. The company has a current ratio of 2.13, a quick ratio of 0.41 and a debt-to-equity ratio of 0.26. The firm has a market cap of $3.82 billion, a P/E ratio of 32.95, a PEG ratio of 1.45 and a beta of 0.87.
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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