Wall Street analysts expect Ollie's Bargain Outlet Holdings Inc (NASDAQ:OLLI) to report $351.29 million in sales for the current quarter, according to Zacks. Four analysts have issued estimates for Ollie's Bargain Outlet’s earnings. The highest sales estimate is $355.64 million and the lowest is $349.50 million. Ollie's Bargain Outlet reported sales of $283.36 million in the same quarter last year, which indicates a positive year over year growth rate of 24%. The business is scheduled to issue its next quarterly earnings report on Tuesday, March 27th.
According to Zacks, analysts expect that Ollie's Bargain Outlet will report full year sales of $351.29 million for the current fiscal year, with estimates ranging from $1.07 billion to $1.08 billion. For the next fiscal year, analysts forecast that the firm will report sales of $1.22 billion per share, with estimates ranging from $1.20 billion to $1.25 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Ollie's Bargain Outlet.
Ollie's Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data on Wednesday, December 6th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.01. The firm 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 10.55% and a net margin of 8.17%. The firm’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same period last year, the business posted $0.17 earnings per share.
In related news, VP Howard Freedman sold 8,300 shares of the business’s stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $59.08, for a total value of $490,364.00. Following the completion of the sale, the vice president now directly owns 34,670 shares in the company, valued at approximately $2,048,303.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Kevin Mclain sold 24,326 shares of Ollie's Bargain Outlet stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $56.09, for a total value of $1,364,445.34. The disclosure for this sale can be found here. Insiders sold 101,742 shares of company stock worth $5,495,118 over the last quarter. 22.25% of the stock is currently owned by company insiders.
Several large investors have recently bought and sold shares of the stock. BlackRock Inc. increased its stake in shares of Ollie's Bargain Outlet by 3.1% in the 4th quarter. BlackRock Inc. now owns 6,057,562 shares of the company’s stock valued at $322,567,000 after purchasing an additional 179,875 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Ollie's Bargain Outlet by 22.8% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,640,797 shares of the company’s stock worth $122,533,000 after acquiring an additional 490,295 shares during the period. Bank of New York Mellon Corp grew its position in shares of Ollie's Bargain Outlet by 3.4% in the third quarter. Bank of New York Mellon Corp now owns 1,233,793 shares of the company’s stock valued at $57,249,000 after purchasing an additional 40,566 shares during the period. Carillon Tower Advisers Inc. purchased a new position in shares of Ollie's Bargain Outlet in the fourth quarter worth about $58,331,000. Finally, Dimensional Fund Advisors LP raised its stake in Ollie's Bargain Outlet by 3.5% during the third quarter. Dimensional Fund Advisors LP now owns 913,221 shares of the company’s stock worth $42,372,000 after purchasing an additional 30,822 shares during the period. Institutional investors and hedge funds own 91.36% of the company’s stock.
Shares of Ollie's Bargain Outlet (OLLI) traded up $0.95 during midday trading on Thursday, reaching $59.65. The company’s stock had a trading volume of 470,033 shares, compared to its average volume of 423,444. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.53 and a quick ratio of 0.36. The firm has a market cap of $3,677.84, a price-to-earnings ratio of 46.97, a PEG ratio of 1.53 and a beta of 0.11. Ollie's Bargain Outlet has a 12-month low of $31.00 and a 12-month high of $62.05.
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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