Ollie's Bargain Outlet Holdings Inc (NASDAQ:OLLI) Releases Earnings Results, Beats Expectations By $0.02 EPS

Ollie's Bargain Outlet Holdings Inc (NASDAQ:OLLI) announced its earnings results on Tuesday, August 29th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02, Bloomberg Earnings reports. The business had revenue of $254.60 million for the quarter, compared to the consensus estimate of $242.85 million. Ollie's Bargain Outlet Holdings had a net margin of 7.74% and a return on equity of 11.52%. Ollie's Bargain Outlet Holdings’s quarterly revenue was up 20.5% on a year-over-year basis. During the same period last year, the firm posted $0.21 earnings per share. Ollie's Bargain Outlet Holdings updated its FY18 guidance to $1.16-1.19 EPS.

Ollie's Bargain Outlet Holdings (NASDAQ:OLLI) traded down 1.09% during midday trading on Wednesday, hitting $45.40. 190,995 shares of the stock traded hands. The stock has a market cap of $2.78 billion, a PE ratio of 39.14 and a beta of 0.17. Ollie's Bargain Outlet Holdings has a 12 month low of $24.12 and a 12 month high of $46.00. The company has a 50-day moving average of $45.47 and a 200-day moving average of $35.76.

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Several research analysts have commented on the stock. Zacks Investment Research raised shares of Ollie's Bargain Outlet Holdings from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research note on Wednesday, August 30th. BidaskClub raised shares of Ollie's Bargain Outlet Holdings from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 5th. Bank of America Corporation reissued a “buy” rating and set a $52.00 price target on shares of Ollie's Bargain Outlet Holdings in a research note on Tuesday, September 5th. Royal Bank Of Canada lifted their target price on shares of Ollie's Bargain Outlet Holdings from $47.00 to $49.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 30th. Finally, Buckingham Research set a $41.00 target price on shares of Ollie's Bargain Outlet Holdings and gave the stock a “hold” rating in a research note on Wednesday, August 30th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $46.88.

In other Ollie's Bargain Outlet Holdings news, VP Kenneth Robert Bertram sold 6,000 shares of the stock in a transaction on Monday, July 17th. The stock was sold at an average price of $43.25, for a total transaction of $259,500.00. Following the sale, the vice president now owns 6,000 shares in the company, valued at approximately $259,500. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Mark L. Butler sold 285,623 shares of the stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $45.19, for a total value of $12,907,303.37. Following the sale, the chief executive officer now owns 5,038,224 shares in the company, valued at approximately $227,677,342.56. The disclosure for this sale can be found here. Insiders sold a total of 469,981 shares of company stock valued at $21,212,335 over the last ninety days. 22.25% of the stock is currently owned by company insiders.

Several hedge funds have recently bought and sold shares of the company. Flinton Capital Management LLC boosted its holdings in Ollie's Bargain Outlet Holdings by 29.0% in the first quarter. Flinton Capital Management LLC now owns 3,026 shares of the company’s stock valued at $101,000 after acquiring an additional 680 shares during the last quarter. Invictus RG acquired a new position in Ollie's Bargain Outlet Holdings in the first quarter valued at $101,000. Advisor Group Inc. boosted its holdings in Ollie's Bargain Outlet Holdings by 23.2% in the second quarter. Advisor Group Inc. now owns 2,853 shares of the company’s stock valued at $122,000 after acquiring an additional 537 shares during the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new position in Ollie's Bargain Outlet Holdings in the second quarter valued at $139,000. Finally, LS Investment Advisors LLC boosted its holdings in Ollie's Bargain Outlet Holdings by 125.2% in the first quarter. LS Investment Advisors LLC now owns 4,329 shares of the company’s stock valued at $145,000 after acquiring an additional 2,407 shares during the last quarter. Institutional investors and hedge funds own 92.47% of the company’s stock.

Ollie's Bargain Outlet Holdings Company Profile

Ollie’s Bargain Outlet Holdings, Inc is a retailer of brand name merchandise. The Company offers customers a selection of brand name products, including food, housewares, books and stationery, bed and bath, floor coverings, electronics and toys. Its warehouse format stores feature a range of products, including hardware, personal healthcare, candy, clothing, sporting goods, pet and lawn and garden products.

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

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