Zacks: Analysts Anticipate Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Will Post Earnings of $0.30 Per Share

Analysts expect Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI – Get Rating) to report $0.30 earnings per share for the current quarter, Zacks reports. Five analysts have provided estimates for Ollie’s Bargain Outlet’s earnings, with the highest EPS estimate coming in at $0.33 and the lowest estimate coming in at $0.27. Ollie’s Bargain Outlet reported earnings per share of $0.80 in the same quarter last year, which suggests a negative year over year growth rate of 62.5%. The business is scheduled to issue its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Ollie’s Bargain Outlet will report full year earnings of $2.10 per share for the current financial year, with EPS estimates ranging from $1.90 to $2.22. For the next financial year, analysts forecast that the company will report earnings of $2.77 per share, with EPS estimates ranging from $2.55 to $3.11. Zacks’ EPS calculations are an average based on a survey of research firms that follow Ollie’s Bargain Outlet.

Ollie’s Bargain Outlet (NASDAQ:OLLI – Get Rating) last announced its quarterly earnings data on Wednesday, March 23rd. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. Ollie’s Bargain Outlet had a return on equity of 11.47% and a net margin of 8.98%. The business had revenue of $501.14 million for the quarter, compared to analysts’ expectations of $518.72 million. During the same period in the previous year, the business posted $0.97 EPS. The firm’s quarterly revenue was down 2.8% compared to the same quarter last year.

A number of equities research analysts recently issued reports on OLLI shares. StockNews.com began coverage on Ollie’s Bargain Outlet in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. JPMorgan Chase & Co. decreased their price target on Ollie’s Bargain Outlet from $45.00 to $39.00 in a research report on Tuesday, May 10th. Piper Sandler decreased their price target on Ollie’s Bargain Outlet from $79.00 to $62.00 and set an “overweight” rating on the stock in a research report on Thursday, March 24th. KeyCorp decreased their price target on Ollie’s Bargain Outlet from $83.00 to $75.00 and set an “overweight” rating on the stock in a research report on Thursday, March 24th. Finally, Royal Bank of Canada decreased their price target on Ollie’s Bargain Outlet from $51.00 to $47.00 and set a “sector perform” rating on the stock in a research report on Thursday, March 24th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $57.69.

Ollie’s Bargain Outlet stock traded down $0.84 during midday trading on Friday, reaching $42.35. The stock had a trading volume of 4,327,790 shares, compared to its average volume of 1,338,859. Ollie’s Bargain Outlet has a 12 month low of $37.67 and a 12 month high of $95.43. The firm’s 50-day moving average price is $46.97 and its 200 day moving average price is $49.79. The firm has a market capitalization of $2.66 billion, a PE ratio of 17.43, a P/E/G ratio of 1.70 and a beta of 1.09.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Toroso Investments LLC boosted its stake in Ollie’s Bargain Outlet by 98.5% in the first quarter. Toroso Investments LLC now owns 15,182 shares of the company’s stock worth $652,000 after buying an additional 7,534 shares in the last quarter. Eaton Vance Management boosted its stake in Ollie’s Bargain Outlet by 1,539.4% in the first quarter. Eaton Vance Management now owns 15,476 shares of the company’s stock worth $665,000 after buying an additional 14,532 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Ollie’s Bargain Outlet by 86.4% during the first quarter. Goldman Sachs Group Inc. now owns 422,254 shares of the company’s stock valued at $18,140,000 after purchasing an additional 195,733 shares during the period. State Street Corp boosted its stake in shares of Ollie’s Bargain Outlet by 1.2% during the first quarter. State Street Corp now owns 1,691,148 shares of the company’s stock valued at $72,652,000 after purchasing an additional 19,381 shares during the period. Finally, J. Goldman & Co LP purchased a new stake in shares of Ollie’s Bargain Outlet during the first quarter valued at approximately $32,824,000.

About Ollie’s Bargain Outlet (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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