$421.66 Million in Sales Expected for Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) This Quarter

Wall Street analysts expect Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI – Get Rating) to report $421.66 million in sales for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Ollie’s Bargain Outlet’s earnings. The lowest sales estimate is $420.80 million and the highest is $422.70 million. Ollie’s Bargain Outlet reported sales of $452.49 million during the same quarter last year, which indicates a negative year-over-year growth rate of 6.8%. The firm is expected to report its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Ollie’s Bargain Outlet will report full-year sales of $1.90 billion for the current fiscal year, with estimates ranging from $1.88 billion to $1.93 billion. For the next fiscal year, analysts forecast that the company will report sales of $2.15 billion, with estimates ranging from $2.12 billion to $2.18 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Ollie’s Bargain Outlet.

Ollie’s Bargain Outlet (NASDAQ:OLLI – Get Rating) last released its earnings results on Wednesday, March 23rd. The company reported $0.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.03. Ollie’s Bargain Outlet had a net margin of 8.98% and a return on equity of 11.47%. The company had revenue of $501.14 million during the quarter, compared to analysts’ expectations of $518.72 million. During the same quarter last year, the business earned $0.97 EPS. The business’s revenue was down 2.8% on a year-over-year basis.

OLLI has been the subject of several recent analyst reports. Piper Sandler reduced their target price on shares of Ollie’s Bargain Outlet from $79.00 to $62.00 and set an “overweight” rating for the company in a research note on Thursday, March 24th. Wells Fargo & Company upgraded shares of Ollie’s Bargain Outlet from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $45.00 to $65.00 in a research note on Monday, April 4th. Royal Bank of Canada reduced their price objective on shares of Ollie’s Bargain Outlet from $51.00 to $47.00 and set a “sector perform” rating for the company in a research note on Thursday, March 24th. StockNews.com began coverage on shares of Ollie’s Bargain Outlet in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Finally, UBS Group reduced their price objective on shares of Ollie’s Bargain Outlet from $55.00 to $46.00 and set a “neutral” rating for the company in a research note on Thursday, March 24th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $58.38.

Several hedge funds and other institutional investors have recently modified their holdings of OLLI. Cetera Investment Advisers lifted its position in Ollie’s Bargain Outlet by 3.7% during the third quarter. Cetera Investment Advisers now owns 6,075 shares of the company’s stock valued at $366,000 after buying an additional 219 shares in the last quarter. Securian Asset Management Inc. lifted its position in Ollie’s Bargain Outlet by 4.3% during the third quarter. Securian Asset Management Inc. now owns 5,445 shares of the company’s stock valued at $328,000 after buying an additional 225 shares in the last quarter. Financial Management Professionals Inc. lifted its position in Ollie’s Bargain Outlet by 19.6% during the third quarter. Financial Management Professionals Inc. now owns 1,397 shares of the company’s stock valued at $84,000 after buying an additional 229 shares in the last quarter. Signaturefd LLC lifted its position in shares of Ollie’s Bargain Outlet by 24.3% during the fourth quarter. Signaturefd LLC now owns 1,197 shares of the company’s stock worth $61,000 after purchasing an additional 234 shares in the last quarter. Finally, AE Wealth Management LLC lifted its position in shares of Ollie’s Bargain Outlet by 5.1% during the fourth quarter. AE Wealth Management LLC now owns 5,012 shares of the company’s stock worth $257,000 after purchasing an additional 243 shares in the last quarter.

OLLI stock opened at $54.60 on Tuesday. Ollie’s Bargain Outlet has a one year low of $37.67 and a one year high of $98.58. The stock has a market capitalization of $3.42 billion, a PE ratio of 22.47, a price-to-earnings-growth ratio of 2.07 and a beta of 1.27. The company has a fifty day moving average of $44.25 and a 200-day moving average of $52.85.

Ollie’s Bargain Outlet Company Profile (Get Rating)

Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise. The company offers housewares, bed and bath, food, floor coverings, health and beauty aids, books and stationery, toys, and electronics; and other products, including hardware, candy, clothing, sporting goods, pet and lawn, and garden products.

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