Ollie’s Bargain Outlet (OLLI) Scheduled to Post Earnings on Tuesday

Ollie’s Bargain Outlet (NASDAQ:OLLI) will be posting its Q3 quarterly earnings results after the market closes on Tuesday, December 10th. Analysts expect Ollie’s Bargain Outlet to post earnings of $0.39 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Shares of OLLI stock opened at $60.04 on Friday. The stock has a 50-day simple moving average of $64.06 and a 200 day simple moving average of $75.14. The stock has a market capitalization of $3.82 billion, a P/E ratio of 32.81, a P/E/G ratio of 1.55 and a beta of 0.87. Ollie’s Bargain Outlet has a fifty-two week low of $53.60 and a fifty-two week high of $103.03. The company has a quick ratio of 0.41, a current ratio of 2.13 and a debt-to-equity ratio of 0.26.

OLLI has been the topic of several research reports. Citigroup dropped their price target on shares of Ollie’s Bargain Outlet from $95.00 to $65.00 and set a “neutral” rating on the stock in a research report on Thursday, August 29th. Bank of America reduced their price objective on shares of Ollie’s Bargain Outlet from $110.00 to $75.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Morgan Stanley lowered their price objective on shares of Ollie’s Bargain Outlet from $89.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Friday, August 30th. KeyCorp dropped their target price on shares of Ollie’s Bargain Outlet from $110.00 to $90.00 and set an “overweight” rating on the stock in a report on Thursday, August 29th. Finally, Credit Suisse Group reissued an “outperform” rating and set a $78.00 target price (down from $103.00) on shares of Ollie’s Bargain Outlet in a research note on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $80.00.

In other news, SVP Kevin Mclain sold 6,917 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $64.03, for a total value of $442,895.51. Also, VP Kenneth Robert Bertram sold 12,228 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $64.71, for a total transaction of $791,273.88. Following the sale, the vice president now owns 41,717 shares in the company, valued at approximately $2,699,507.07. The disclosure for this sale can be found here. Insiders sold a total of 29,270 shares of company stock valued at $1,892,131 in the last quarter. 16.36% of the stock is currently owned by corporate insiders.

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, health and beauty products, floor coverings, electronics, and toys; and other products, including hardware, personal health care, candy, clothing, sporting, pet and lawn, and garden products.

See Also: Cost of Goods Sold (COGS)

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

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