Wall Street analysts expect Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) to announce earnings of $0.21 per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Ollie’s Bargain Outlet Holdings’ earnings. The highest EPS estimate is $0.23 and the lowest is $0.19. Ollie’s Bargain Outlet Holdings posted earnings of $0.17 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 23.5%. The business is expected to announce its next earnings report on Wednesday, December 6th.

According to Zacks, analysts expect that Ollie’s Bargain Outlet Holdings will report full year earnings of $1.19 per share for the current fiscal year, with EPS estimates ranging from $1.17 to $1.20. For the next fiscal year, analysts expect that the firm will post earnings of $1.41 per share, with EPS estimates ranging from $1.36 to $1.50. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that that provide coverage for Ollie’s Bargain Outlet Holdings.

Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) last released its quarterly earnings results on Tuesday, August 29th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.02. Ollie’s Bargain Outlet Holdings had a net margin of 7.60% and a return on equity of 10.44%. The business had revenue of $254.60 million for the quarter, compared to analyst estimates of $242.85 million. During the same quarter in the previous year, the business earned $0.21 earnings per share. The firm’s revenue was up 20.5% compared to the same quarter last year.

A number of analysts recently weighed in on OLLI shares. Zacks Investment Research downgraded shares of Ollie’s Bargain Outlet Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. BidaskClub downgraded shares of Ollie’s Bargain Outlet Holdings from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 10th. Jefferies Group LLC reiterated a “buy” rating and issued a $50.00 price target (up from $48.00) on shares of Ollie’s Bargain Outlet Holdings in a research report on Thursday, August 31st. J P Morgan Chase & Co reiterated an “overweight” rating and issued a $47.00 price target (up from $46.00) on shares of Ollie’s Bargain Outlet Holdings in a research report on Thursday, August 31st. Finally, Credit Suisse Group reiterated a “hold” rating on shares of Ollie’s Bargain Outlet Holdings in a research report on Sunday, June 4th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Ollie’s Bargain Outlet Holdings currently has an average rating of “Buy” and an average price target of $47.30.

In other Ollie’s Bargain Outlet Holdings news, CEO Mark L. Butler sold 6,248 shares of the firm’s stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $45.00, for a total transaction of $281,160.00. Following the sale, the chief executive officer now directly owns 4,880,480 shares in the company, valued at approximately $219,621,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Kenneth Robert Bertram sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $43.25, for a total transaction of $259,500.00. Following the sale, the vice president now owns 6,000 shares in the company, valued at $259,500. The disclosure for this sale can be found here. Insiders have sold a total of 1,156,604 shares of company stock worth $52,810,309 over the last 90 days. Corporate insiders own 22.25% of the company’s stock.

A number of hedge funds have recently made changes to their positions in OLLI. Invictus RG acquired a new stake in Ollie’s Bargain Outlet Holdings during the 1st quarter worth approximately $101,000. Advisor Group Inc. raised its holdings in Ollie’s Bargain Outlet Holdings by 23.2% during the 2nd quarter. Advisor Group Inc. now owns 2,853 shares of the company’s stock worth $122,000 after buying an additional 537 shares during the period. Whittier Trust Co. of Nevada Inc. acquired a new stake in Ollie’s Bargain Outlet Holdings during the 2nd quarter worth approximately $139,000. LS Investment Advisors LLC raised its holdings in Ollie’s Bargain Outlet Holdings by 125.2% during the 1st quarter. LS Investment Advisors LLC now owns 4,329 shares of the company’s stock worth $145,000 after buying an additional 2,407 shares during the period. Finally, D.A. Davidson & CO. raised its holdings in Ollie’s Bargain Outlet Holdings by 14.9% during the 2nd quarter. D.A. Davidson & CO. now owns 3,442 shares of the company’s stock worth $146,000 after buying an additional 447 shares during the period. Hedge funds and other institutional investors own 92.19% of the company’s stock.

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Ollie’s Bargain Outlet Holdings (NASDAQ OLLI) traded up 1.31% during midday trading on Wednesday, hitting $46.40. 679,028 shares of the stock were exchanged. The firm has a market capitalization of $2.84 billion, a price-to-earnings ratio of 40.00 and a beta of 0.17. Ollie’s Bargain Outlet Holdings has a one year low of $25.63 and a one year high of $46.70. The company has a 50 day moving average price of $45.70 and a 200 day moving average price of $45.70.

Ollie’s Bargain Outlet Holdings Company Profile

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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Earnings History and Estimates for Ollie`s Bargain Outlet Holdings (NASDAQ:OLLI)

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