Ollie’s Bargain Outlet (NASDAQ:OLLI) Issues FY20 Earnings Guidance

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.

In related news, VP Kenneth Robert Bertram sold 12,228 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $64.71, for a total transaction of $791,273.88. Following the completion of the transaction, the vice president now owns 41,717 shares in the company, valued at $2,699,507.07. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Stanley Fleishman acquired 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The shares were purchased at an average price of $64.66 per share, with a total value of $129,320.00. Following the acquisition, the director now owns 43,974 shares of the company’s stock, valued at approximately $2,843,358.84. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 29,270 shares of company stock valued at $1,892,131. 16.36% of the stock is owned by corporate 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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Earnings History and Estimates for Ollie`s Bargain Outlet (NASDAQ:OLLI)

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