Ollie’s Bargain Outlet Holdings, Inc. (OLLI) Issues FY18 Earnings Guidance
Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided EPS guidance of $1.16-1.19 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.19. The company issued revenue guidance of $1.045-1.052 billion, compared to the consensus revenue estimate of $1.04 billion.
Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) traded down 1.25% during midday trading on Tuesday, hitting $43.30. 936,701 shares of the company traded hands. The stock has a 50 day moving average of $43.89 and a 200-day moving average of $38.53. Ollie’s Bargain Outlet Holdings, Inc. has a 52 week low of $24.12 and a 52 week high of $46.08. The stock has a market capitalization of $2.65 billion, a PE ratio of 40.85 and a beta of 0.15.
Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) last released its earnings results on Wednesday, May 31st. The company reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.02. The firm had revenue of $227.60 million for the quarter, compared to the consensus estimate of $220.56 million. Ollie’s Bargain Outlet Holdings had a return on equity of 10.11% and a net margin of 7.25%. The company’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 EPS. Equities analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post $1.17 earnings per share for the current fiscal year.
Several equities analysts have commented on OLLI shares. Credit Suisse Group reaffirmed a hold rating on shares of Ollie’s Bargain Outlet Holdings in a research report on Sunday, June 4th. Piper Jaffray Companies set a $48.00 price objective on Ollie’s Bargain Outlet Holdings and gave the company a buy rating in a research report on Thursday, June 1st. Zacks Investment Research raised Ollie’s Bargain Outlet Holdings from a hold rating to a buy rating and set a $49.00 price objective on the stock in a research report on Thursday, August 24th. BidaskClub downgraded Ollie’s Bargain Outlet Holdings from a strong-buy rating to a buy rating in a research report on Thursday, August 10th. Finally, TheStreet raised Ollie’s Bargain Outlet Holdings from a c rating to a b- rating in a research report on Monday, July 17th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $44.20.
In other Ollie’s Bargain Outlet Holdings news, CEO Mark L. Butler sold 285,623 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $45.19, for a total value of $12,907,303.37. Following the transaction, the chief executive officer now owns 5,038,224 shares of the company’s stock, valued at approximately $227,677,342.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Kenneth Robert Bertram sold 10,500 shares of the company’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $42.81, for a total value of $449,505.00. Following the completion of the transaction, the vice president now directly owns 10,500 shares in the company, valued at approximately $449,505. The disclosure for this sale can be found here. Insiders sold a total of 500,481 shares of company stock worth $22,522,840 in the last ninety days. 22.25% of the stock is currently owned by corporate insiders.
About Ollie’s Bargain Outlet Holdings
Ollie’s Bargain Outlet Holdings, Inc is a retailer of brand name merchandise. The Company offers customers a selection of brand name products, including food, housewares, books and stationery, bed and bath, floor coverings, electronics and toys. Its warehouse format stores feature a range of products, including hardware, personal healthcare, candy, clothing, sporting goods, pet and lawn and garden products.
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