Ollie’s Bargain Outlet (NASDAQ:OLLI) issued an update on its FY19 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of $1.81 for the period, compared to the Thomson Reuters consensus estimate of $1.77. The company issued revenue guidance of $1.245 billion, compared to the consensus revenue estimate of $1.23 billion.
Shares of OLLI opened at $76.49 on Friday. Ollie’s Bargain Outlet has a 12-month low of $50.65 and a 12-month high of $97.61. The firm has a market cap of $4.77 billion, a P/E ratio of 61.19, a PEG ratio of 1.73 and a beta of 0.87. The company has a current ratio of 2.03, a quick ratio of 0.07 and a debt-to-equity ratio of 0.01.
Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data on Tuesday, December 4th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.01. The firm had revenue of $283.60 million for the quarter, compared to analysts’ expectations of $278.62 million. Ollie’s Bargain Outlet had a return on equity of 12.66% and a net margin of 12.89%. The firm’s revenue for the quarter was up 19.1% on a year-over-year basis. During the same period last year, the business posted $0.22 earnings per share. As a group, analysts predict that Ollie’s Bargain Outlet will post 1.77 EPS for the current fiscal year.
In related news, CEO Mark L. Butler sold 30,000 shares of Ollie’s Bargain Outlet stock in a transaction dated Thursday, November 1st. The stock was sold at an average price of $93.09, for a total transaction of $2,792,700.00. Following the transaction, the chief executive officer now directly owns 2,810,242 shares of the company’s stock, valued at $261,605,427.78. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Mark L. Butler sold 80,000 shares of Ollie’s Bargain Outlet stock in a transaction dated Tuesday, December 4th. The stock was sold at an average price of $88.95, for a total value of $7,116,000.00. Following the transaction, the chief executive officer now directly owns 2,650,242 shares in the company, valued at $235,739,025.90. The disclosure for this sale can be found here. Insiders have sold 330,000 shares of company stock worth $29,783,680 over the last three months. Corporate insiders own 20.27% of the company’s stock.
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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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