Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) – KeyCorp increased their FY2019 EPS estimates for shares of Ollie’s Bargain Outlet in a note issued to investors on Tuesday, November 13th. KeyCorp analyst B. Thomas now expects that the company will earn $1.76 per share for the year, up from their prior estimate of $1.75. KeyCorp currently has a “Positive” rating and a $108.00 target price on the stock. KeyCorp also issued estimates for Ollie’s Bargain Outlet’s Q4 2019 earnings at $0.66 EPS and FY2020 earnings at $2.05 EPS.

A number of other analysts have also issued reports on the stock. Royal Bank of Canada lowered shares of Ollie’s Bargain Outlet from an “outperform” rating to a “sector perform” rating and set a $95.00 target price for the company. in a research note on Monday, November 5th. They noted that the move was a valuation call. Morgan Stanley set a $82.00 price objective on shares of Ollie’s Bargain Outlet and gave the stock a “hold” rating in a research note on Monday, October 22nd. BidaskClub lowered shares of Ollie’s Bargain Outlet from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 9th. Zacks Investment Research raised shares of Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and set a $99.00 price objective for the company in a research note on Monday, September 10th. Finally, ValuEngine raised shares of Ollie’s Bargain Outlet from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 7th. Seven investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Ollie’s Bargain Outlet presently has an average rating of “Buy” and an average price target of $88.25.

Shares of OLLI opened at $89.19 on Thursday. The firm has a market cap of $5.66 billion, a PE ratio of 71.35, a P/E/G ratio of 2.06 and a beta of 0.37. Ollie’s Bargain Outlet has a 12-month low of $42.36 and a 12-month high of $97.61. The company has a quick ratio of 0.31, a current ratio of 2.51 and a debt-to-equity ratio of 0.01.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its earnings results on Wednesday, September 5th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.04. The firm had revenue of $288.10 million during the quarter, compared to analyst estimates of $284.19 million. Ollie’s Bargain Outlet had a net margin of 12.88% and a return on equity of 12.48%. The business’s revenue was up 13.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.27 earnings per share.

In other Ollie’s Bargain Outlet news, VP Kenneth Robert Bertram sold 6,750 shares of the business’s stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $78.99, for a total value of $533,182.50. Following the completion of the transaction, the vice president now directly owns 17,217 shares in the company, valued at $1,359,970.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mark L. Butler sold 90,000 shares of the business’s stock in a transaction dated Wednesday, October 3rd. The stock was sold at an average price of $94.49, for a total transaction of $8,504,100.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 424,087 shares of company stock valued at $38,330,563. 20.27% of the stock is owned by insiders.

A number of institutional investors have recently made changes to their positions in OLLI. LPL Financial LLC bought a new position in Ollie’s Bargain Outlet in the first quarter worth about $287,000. Principal Financial Group Inc. increased its holdings in shares of Ollie’s Bargain Outlet by 2.9% during the first quarter. Principal Financial Group Inc. now owns 411,158 shares of the company’s stock valued at $24,793,000 after acquiring an additional 11,451 shares in the last quarter. Bank of Montreal Can increased its holdings in shares of Ollie’s Bargain Outlet by 93.3% during the second quarter. Bank of Montreal Can now owns 4,101 shares of the company’s stock valued at $298,000 after acquiring an additional 1,979 shares in the last quarter. Retirement Systems of Alabama acquired a new position in shares of Ollie’s Bargain Outlet during the second quarter valued at about $4,683,000. Finally, Mitsubishi UFJ Asset Management UK Ltd. acquired a new position in shares of Ollie’s Bargain Outlet during the second quarter valued at about $1,160,000. Institutional investors and hedge funds own 88.59% of the company’s stock.

About Ollie’s Bargain Outlet

Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise. The company offers food products, housewares, books and stationery, bed and bath products, floor coverings, electronics, and toys; and other products, including hardware, personal health care, candy, clothing, sporting, pet and lawn, and garden products.

Further Reading: Asset Allocation

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

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