Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) – Investment analysts at KeyCorp reduced their Q4 2020 earnings estimates for Ollie’s Bargain Outlet in a research report issued to clients and investors on Tuesday, December 10th, according to Zacks Investment Research. KeyCorp analyst B. Thomas now expects that the company will earn $0.77 per share for the quarter, down from their prior estimate of $0.80.
Several other equities analysts also recently issued reports on the company. BidaskClub downgraded Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research report on Tuesday, December 31st. Wells Fargo & Co reaffirmed a “hold” rating on shares of Ollie’s Bargain Outlet in a report on Friday, December 6th. Craig Hallum began coverage on shares of Ollie’s Bargain Outlet in a report on Wednesday, September 11th. They issued a “buy” rating and a $94.00 price target on the stock. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $86.00 price target (up from $70.00) on shares of Ollie’s Bargain Outlet in a report on Wednesday, December 11th. Finally, Royal Bank of Canada upped their price target on shares of Ollie’s Bargain Outlet from $69.00 to $76.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $82.08.
Shares of NASDAQ OLLI traded down $0.99 during mid-day trading on Thursday, hitting $61.52. The stock had a trading volume of 1,059,432 shares, compared to its average volume of 1,573,139. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.09 and a current ratio of 2.14. The company has a 50 day moving average of $64.80 and a two-hundred day moving average of $70.70. Ollie’s Bargain Outlet has a twelve month low of $53.60 and a twelve month high of $103.03. The firm has a market cap of $3.98 billion, a PE ratio of 33.62, a PEG ratio of 1.49 and a beta of 0.85.
Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its earnings results on Tuesday, December 10th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.03. Ollie’s Bargain Outlet had a return on equity of 12.89% and a net margin of 10.20%. The firm had revenue of $327.05 million for the quarter, compared to the consensus estimate of $322.56 million. During the same period in the prior year, the firm earned $0.32 EPS. The firm’s revenue was up 15.3% on a year-over-year basis.
In other news, VP Kenneth Robert Bertram sold 12,228 shares of the stock in a transaction dated 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 directly owns 41,717 shares of the company’s stock, valued at approximately $2,699,507.07. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO John W. Swygert sold 25,000 shares of the stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $70.00, for a total transaction of $1,750,000.00. Following the sale, the chief executive officer now directly owns 44,156 shares in the company, valued at $3,090,920. The disclosure for this sale can be found here. Over the last three months, insiders have sold 54,270 shares of company stock worth $3,642,131. Corporate insiders own 16.36% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its stake in shares of Ollie’s Bargain Outlet by 119.7% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 5,616,150 shares of the company’s stock worth $489,223,000 after acquiring an additional 3,059,692 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Ollie’s Bargain Outlet by 117.4% during the 2nd quarter. Invesco Ltd. now owns 1,583,498 shares of the company’s stock worth $137,938,000 after acquiring an additional 855,278 shares in the last quarter. State Street Corp boosted its stake in shares of Ollie’s Bargain Outlet by 3.5% during the 3rd quarter. State Street Corp now owns 1,297,129 shares of the company’s stock worth $76,064,000 after acquiring an additional 43,338 shares in the last quarter. Stephens Investment Management Group LLC boosted its stake in shares of Ollie’s Bargain Outlet by 14.5% during the 3rd quarter. Stephens Investment Management Group LLC now owns 979,482 shares of the company’s stock worth $57,437,000 after acquiring an additional 124,258 shares in the last quarter. Finally, Marshall Wace LLP raised its position in shares of Ollie’s Bargain Outlet by 33.8% during the 2nd quarter. Marshall Wace LLP now owns 763,500 shares of the company’s stock worth $66,509,000 after purchasing an additional 192,961 shares during the last quarter. 95.50% of the stock is currently owned by institutional investors and hedge funds.
Ollie’s Bargain Outlet Company Profile
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.
