Equities research analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) will post $232.43 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Ollie’s Bargain Outlet Holdings’ earnings. The highest sales estimate is $233.68 million and the lowest is $230.70 million. Ollie’s Bargain Outlet Holdings posted sales of $201.99 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 15.1%. The company is scheduled to issue its next quarterly earnings results on Wednesday, December 6th.

On average, analysts expect that Ollie’s Bargain Outlet Holdings will report full-year sales of $232.43 million for the current year, with estimates ranging from $1.05 billion to $1.19 billion. For the next year, analysts expect that the company will post sales of $1.24 billion per share, with estimates ranging from $1.20 billion to $1.37 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Ollie’s Bargain Outlet Holdings.

Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) last posted its earnings results on Tuesday, August 29th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. Ollie’s Bargain Outlet Holdings had a return on equity of 10.44% and a net margin of 7.60%. The firm 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 firm earned $0.21 earnings per share. The company’s revenue was up 20.5% on a year-over-year basis.

Several equities research analysts recently issued reports on the company. Jefferies Group LLC reiterated a “buy” rating and set a $48.00 price target on shares of Ollie’s Bargain Outlet Holdings in a report on Wednesday, August 23rd. Morgan Stanley initiated coverage on Ollie’s Bargain Outlet Holdings in a research note on Monday, September 25th. They set an “equal weight” rating and a $46.00 price objective on the stock. BidaskClub cut Ollie’s Bargain Outlet Holdings from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 23rd. 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 on the stock in a report on Wednesday, August 30th. Finally, Buckingham Research set a $41.00 price objective on shares of Ollie’s Bargain Outlet Holdings and gave the stock a “hold” rating in a report on Wednesday, August 30th. 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 presently has a consensus rating of “Buy” and an average price target of $47.30.

In other news, VP Howard Freedman sold 14,658 shares of the firm’s stock in a transaction that occurred 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 sale, the vice president now owns 39,370 shares in the company, valued at approximately $1,777,555.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 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 of the company’s stock, valued at approximately $259,500. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,156,604 shares of company stock valued at $52,810,309. Insiders own 22.25% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Teachers Advisors LLC grew its holdings in Ollie’s Bargain Outlet Holdings by 7.8% during the first quarter. Teachers Advisors LLC now owns 35,577 shares of the company’s stock valued at $1,192,000 after purchasing an additional 2,578 shares during the period. Principal Financial Group Inc. grew its stake in shares of Ollie’s Bargain Outlet Holdings by 4.1% during the 1st quarter. Principal Financial Group Inc. now owns 383,494 shares of the company’s stock worth $12,847,000 after acquiring an additional 14,972 shares during the period. BlackRock Inc. grew its stake in shares of Ollie’s Bargain Outlet Holdings by 213,381.5% during the 1st quarter. BlackRock Inc. now owns 4,826,816 shares of the company’s stock worth $161,699,000 after acquiring an additional 4,824,555 shares during the period. TD Asset Management Inc. grew its stake in shares of Ollie’s Bargain Outlet Holdings by 13.3% during the 2nd quarter. TD Asset Management Inc. now owns 26,409 shares of the company’s stock worth $1,125,000 after acquiring an additional 3,100 shares during the period. Finally, Thrivent Financial For Lutherans grew its stake in shares of Ollie’s Bargain Outlet Holdings by 5.0% during the 1st quarter. Thrivent Financial For Lutherans now owns 26,980 shares of the company’s stock worth $904,000 after acquiring an additional 1,280 shares during the period. 92.19% of the stock is currently owned by institutional investors.

TRADEMARK VIOLATION WARNING: This story was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this story on another website, it was illegally copied and reposted in violation of US and international copyright and trademark laws. The original version of this story can be read at https://www.thecerbatgem.com/2017/10/02/analysts-anticipate-ollies-bargain-outlet-holdings-inc-olli-will-announce-quarterly-sales-of-232-43-million.html.

Shares of Ollie’s Bargain Outlet Holdings (OLLI) traded down 0.54% during midday trading on Friday, hitting $46.15. The company’s stock had a trading volume of 308,090 shares. The company has a market cap of $2.83 billion, a P/E ratio of 39.78 and a beta of 0.20. 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 has a 1-year low of $25.63 and a 1-year high of $46.70.

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.

Get a free copy of the Zacks research report on Ollie’s Bargain Outlet Holdings (OLLI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Stock Ratings for Ollie's Bargain Outlet Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ollie's Bargain Outlet Holdings Inc. and related stocks with our FREE daily email newsletter.