Ollie’s Bargain Outlet Holdings, Inc. (OLLI) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS
Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) announced its quarterly earnings data on Tuesday. The company reported $0.27 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.02, Bloomberg Earnings reports. Ollie’s Bargain Outlet Holdings had a net margin of 7.25% and a return on equity of 10.11%. The company had revenue of $254.60 million during the quarter, compared to analysts’ expectations of $242.85 million. During the same period in the previous year, the company earned $0.21 EPS. The business’s quarterly revenue was up 20.5% compared to the same quarter last year. Ollie’s Bargain Outlet Holdings updated its FY18 guidance to $1.16-1.19 EPS.
Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) traded down 1.25% during trading on Tuesday, hitting $43.30. 948,449 shares of the company traded hands. The firm has a 50 day moving average of $43.89 and a 200 day moving average of $38.53. The firm has a market cap of $2.65 billion, a P/E ratio of 40.85 and a beta of 0.15. Ollie’s Bargain Outlet Holdings has a one year low of $24.12 and a one year high of $46.08.
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In other Ollie’s Bargain Outlet Holdings news, 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 transaction, the vice president now directly owns 10,500 shares in the company, valued at $449,505. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Howard Freedman sold 14,658 shares of the company’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $45.15, for a total transaction of $661,808.70. Following the completion of the transaction, the vice president now owns 39,370 shares in the company, valued at $1,777,555.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 500,481 shares of company stock worth $22,522,840. 22.25% of the stock is owned by corporate insiders.
Several analysts have recently issued reports on OLLI shares. TheStreet raised shares of Ollie’s Bargain Outlet Holdings from a “c” rating to a “b-” rating in a research note on Monday, July 17th. BidaskClub cut shares of Ollie’s Bargain Outlet Holdings from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 10th. Royal Bank Of Canada reissued a “buy” rating and set a $37.00 price objective on shares of Ollie’s Bargain Outlet Holdings in a research note on Thursday, May 25th. Piper Jaffray Companies set a $48.00 price objective on shares of Ollie’s Bargain Outlet Holdings and gave the company a “buy” rating in a research note on Thursday, June 1st. Finally, Zacks Investment Research raised shares of Ollie’s Bargain Outlet Holdings from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a research note on Thursday, August 24th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Ollie’s Bargain Outlet Holdings has a consensus rating of “Buy” and an average target price of $44.20.
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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