Q1 2019 EPS Estimates for Ollie's Bargain Outlet Holdings Inc Reduced by Analyst (OLLI)
Ollie's Bargain Outlet Holdings Inc (NASDAQ:OLLI) – Investment analysts at Jefferies Group reduced their Q1 2019 EPS estimates for shares of Ollie's Bargain Outlet in a note issued to investors on Monday. Jefferies Group analyst D. Binder now expects that the company will post earnings of $0.36 per share for the quarter, down from their previous estimate of $0.37. Jefferies Group has a “Buy” rating and a $57.00 price objective on the stock. Jefferies Group also issued estimates for Ollie's Bargain Outlet’s FY2019 earnings at $1.77 EPS, FY2020 earnings at $2.08 EPS, FY2021 earnings at $2.47 EPS and FY2022 earnings at $3.00 EPS.
Ollie's Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings results on Wednesday, December 6th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.01. The company had revenue of $238.10 million for the quarter, compared to analysts’ expectations of $233.77 million. Ollie's Bargain Outlet had a return on equity of 10.66% and a net margin of 7.92%. The firm’s revenue was up 17.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.17 earnings per share.
Ollie's Bargain Outlet (NASDAQ OLLI) traded up $1.50 during midday trading on Thursday, hitting $55.50. The company’s stock had a trading volume of 695,481 shares, compared to its average volume of 828,900. The company has a market capitalization of $3,420.00 and a PE ratio of 43.36. Ollie's Bargain Outlet has a 52 week low of $28.90 and a 52 week high of $56.65. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.53 and a quick ratio of 0.36.
Several institutional investors have recently bought and sold shares of the company. CHURCHILL MANAGEMENT Corp purchased a new position in shares of Ollie's Bargain Outlet during the 4th quarter valued at $2,315,000. Shelton Capital Management purchased a new position in shares of Ollie's Bargain Outlet during the 3rd quarter valued at $213,000. GSA Capital Partners LLP purchased a new position in shares of Ollie's Bargain Outlet during the 3rd quarter valued at $243,000. Sterling Capital Management LLC grew its holdings in shares of Ollie's Bargain Outlet by 15.8% during the 3rd quarter. Sterling Capital Management LLC now owns 78,276 shares of the company’s stock valued at $3,632,000 after acquiring an additional 10,675 shares in the last quarter. Finally, First Heartland Consultants Inc. purchased a new position in shares of Ollie's Bargain Outlet during the 3rd quarter valued at $207,000. Institutional investors and hedge funds own 89.66% of the company’s stock.
In other Ollie's Bargain Outlet news, VP Howard Freedman sold 11,500 shares of Ollie's Bargain Outlet stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $48.50, for a total transaction of $557,750.00. Following the transaction, the vice president now directly owns 40,870 shares in the company, valued at approximately $1,982,195. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Mark L. Butler sold 152,102 shares of Ollie's Bargain Outlet stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $47.02, for a total transaction of $7,151,836.04. Following the transaction, the chief executive officer now owns 4,356 shares in the company, valued at $204,819.12. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 983,840 shares of company stock worth $46,973,471. Corporate insiders own 22.25% of the company’s stock.
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About Ollie's Bargain Outlet
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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