Ollie’s Bargain Outlet (OLLI) Releases FY19 Earnings Guidance

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.

A number of equities research analysts have issued reports on the company. BidaskClub cut Ollie’s Bargain Outlet from a strong-buy rating to a buy rating in a research note on Tuesday, October 9th. ValuEngine cut Ollie’s Bargain Outlet from a strong-buy rating to a buy rating in a research note on Thursday, December 6th. Morgan Stanley set a $82.00 target price on Ollie’s Bargain Outlet and gave the company a hold rating in a research note on Monday, October 22nd. KeyCorp raised their target price on Ollie’s Bargain Outlet from $100.00 to $108.00 and gave the company a positive rating in a research note on Monday, October 1st. Finally, Bank of America reiterated a buy rating and issued a $87.00 target price (down from $98.00) on shares of Ollie’s Bargain Outlet in a research note on Wednesday. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Ollie’s Bargain Outlet has a consensus rating of Buy and a consensus target price of $88.73.

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

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