Ollie’s Bargain Outlet (OLLI) to Release Quarterly Earnings on Wednesday

Ollie’s Bargain Outlet (NASDAQ:OLLI) is expected to issue its quarterly earnings data before the market opens on Wednesday, March 19th. Analysts expect the company to announce earnings of $1.20 per share and revenue of $674.61 million for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings results on Tuesday, December 10th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. Ollie’s Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. The business had revenue of $517.43 million during the quarter, compared to the consensus estimate of $518.83 million. During the same quarter last year, the firm posted $0.51 EPS. The business’s revenue was up 7.8% compared to the same quarter last year. On average, analysts expect Ollie’s Bargain Outlet to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Ollie’s Bargain Outlet Stock Up 2.3 %

Shares of NASDAQ OLLI opened at $101.08 on Wednesday. The firm has a 50-day moving average price of $105.75 and a 200 day moving average price of $101.00. Ollie’s Bargain Outlet has a 52 week low of $68.05 and a 52 week high of $120.03. The stock has a market capitalization of $6.19 billion, a price-to-earnings ratio of 30.17, a price-to-earnings-growth ratio of 2.21 and a beta of 0.83.

Insider Buying and Selling at Ollie’s Bargain Outlet

In related news, SVP Larry Kraus sold 10,646 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $115.58, for a total transaction of $1,230,464.68. Following the transaction, the senior vice president now owns 1,905 shares of the company’s stock, valued at approximately $220,179.90. This represents a 84.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Thomas Hendrickson sold 6,250 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $114.74, for a total transaction of $717,125.00. The disclosure for this sale can be found here. 0.87% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Truist Financial lifted their price target on shares of Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Craig Hallum lifted their price objective on Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Loop Capital upped their target price on Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the company a “buy” rating in a report on Monday, December 23rd. Citigroup raised Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and lifted their price target for the stock from $64.00 to $133.00 in a research note on Wednesday, December 18th. Finally, Jefferies Financial Group lowered shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $125.00 to $111.00 in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $118.29.

About Ollie’s Bargain Outlet

Ollie’s Bargain Outlet Holdings, Inc is a holding company, which engages in the retail of closeouts, excess inventory, and salvage merchandise. It offers overstocks, package changes, manufacturer refurbished goods, and irregulars. The company’s products include housewares, food, books and stationery, bed and bath, floor coverings, electronics and toys.