Zacks: Brokerages Expect Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) to Post $0.32 Earnings Per Share

Brokerages expect that Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI – Get Rating) will announce $0.32 earnings per share (EPS) for the current quarter, Zacks reports. Five analysts have made estimates for Ollie’s Bargain Outlet’s earnings, with the lowest EPS estimate coming in at $0.31 and the highest estimate coming in at $0.33. Ollie’s Bargain Outlet posted earnings per share of $0.80 in the same quarter last year, which indicates a negative year over year growth rate of 60%. The firm is expected to report its next earnings results on Monday, January 1st.

On average, analysts expect that Ollie’s Bargain Outlet will report full year earnings of $2.16 per share for the current year, with EPS estimates ranging from $2.05 to $2.22. For the next fiscal year, analysts forecast that the firm will report earnings of $2.85 per share, with EPS estimates ranging from $2.55 to $3.12. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Ollie’s Bargain Outlet.

Ollie’s Bargain Outlet (NASDAQ:OLLI – Get Rating) last posted its earnings results on Wednesday, March 23rd. The company reported $0.69 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.01. 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 for the quarter, compared to analyst estimates of $518.72 million. During the same period last year, the business posted $0.97 earnings per share. The business’s revenue for the quarter was down 2.8% compared to the same quarter last year.

OLLI has been the topic of several recent analyst reports. Wells Fargo & Company upgraded Ollie’s Bargain Outlet from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $45.00 to $65.00 in a report on Monday, April 4th. Truist Financial cut their price target on shares of Ollie’s Bargain Outlet from $50.00 to $41.00 and set a “hold” rating on the stock in a research note on Thursday, March 24th. UBS Group lowered 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 report on Thursday, March 24th. Stephens cut their price objective on shares of Ollie’s Bargain Outlet from $73.00 to $66.00 and set an “overweight” rating on the stock in a research report on Friday, March 25th. Finally, Royal Bank of Canada lowered their target price on Ollie’s Bargain Outlet from $51.00 to $47.00 and set a “sector perform” rating for the company in a report on Thursday, March 24th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $57.38.

A number of hedge funds have recently made changes to their positions in the business. City State Bank acquired a new position in shares of Ollie’s Bargain Outlet during the 4th quarter worth about $31,000. Sageworth Trust Co of South Dakota acquired a new position in Ollie’s Bargain Outlet during the fourth quarter worth approximately $49,000. CVA Family Office LLC bought a new stake in Ollie’s Bargain Outlet in the fourth quarter valued at approximately $53,000. Patriot Financial Group Insurance Agency LLC acquired a new stake in shares of Ollie’s Bargain Outlet in the third quarter valued at approximately $66,000. Finally, Signaturefd LLC boosted its stake in shares of Ollie’s Bargain Outlet by 24.3% during the 4th quarter. Signaturefd LLC now owns 1,197 shares of the company’s stock worth $61,000 after acquiring an additional 234 shares during the period.

NASDAQ:OLLI opened at $48.05 on Monday. Ollie’s Bargain Outlet has a 1 year low of $37.67 and a 1 year high of $95.43. The stock has a 50-day moving average price of $45.81 and a two-hundred day moving average price of $51.90. The stock has a market cap of $3.01 billion, a price-to-earnings ratio of 19.77, a PEG ratio of 1.90 and a beta of 1.27.

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.

Featured Stories