Ollie’s Bargain Outlet (NASDAQ:OLLI) issued an update on its FY19 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $1.73 -1.76 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.73. The company issued revenue guidance of $1.222 -1.227 billion, compared to the consensus revenue estimate of $1.22 billion.
Shares of NASDAQ:OLLI opened at $87.95 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.18 and a quick ratio of 0.25. The firm has a market capitalization of $5.52 billion, a price-to-earnings ratio of 70.36, a P/E/G ratio of 2.22 and a beta of 0.26. Ollie’s Bargain Outlet has a 52-week low of $42.36 and a 52-week high of $89.85.
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 Thomson Reuters’ consensus estimate of $0.36 by $0.04. The company had revenue of $288.10 million during the quarter, compared to analysts’ expectations of $284.19 million. Ollie’s Bargain Outlet had a return on equity of 12.80% and a net margin of 12.88%. The firm’s quarterly revenue was up 13.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.27 EPS. equities analysts expect that Ollie’s Bargain Outlet will post 1.73 earnings per share for the current fiscal year.
Several analysts have issued reports on OLLI shares. Morgan Stanley upped their target price on Ollie’s Bargain Outlet from $63.00 to $69.00 and gave the company an equal weight rating in a report on Tuesday, July 17th. JPMorgan Chase & Co. upped their price target on Ollie’s Bargain Outlet from $70.00 to $84.00 and gave the company an overweight rating in a research note on Tuesday, May 22nd. Bank of America raised Ollie’s Bargain Outlet from an underperform rating to a buy rating in a research note on Monday, August 20th. Citigroup raised Ollie’s Bargain Outlet from a sell rating to a neutral rating and set a $75.00 price target on the stock in a research note on Monday, July 9th. Finally, Piper Jaffray Companies reaffirmed an overweight rating and issued a $99.00 price target on shares of Ollie’s Bargain Outlet in a research note on Tuesday, August 28th. Seven equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Ollie’s Bargain Outlet presently has a consensus rating of Buy and an average price target of $84.06.
In other news, SVP Kevin Mclain sold 12,667 shares of the company’s stock in a transaction on Monday, June 11th. The stock was sold at an average price of $72.64, for a total value of $920,130.88. Following the transaction, the senior vice president now owns 5,750 shares of the company’s stock, valued at approximately $417,680. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Kenneth Robert Bertram sold 7,500 shares of the stock in a transaction dated Wednesday, June 13th. The stock was sold at an average price of $74.41, for a total value of $558,075.00. Following the transaction, the vice president now directly owns 25,708 shares in the company, valued at approximately $1,912,932.28. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,985,490 shares of company stock worth $143,390,525. Corporate insiders own 20.27% 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.
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