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:OLLIGet 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:OLLIGet 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.

Recommended Stories

Get a free copy of the Zacks research report on Ollie’s Bargain Outlet (OLLI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Ollie's Bargain Outlet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ollie's Bargain Outlet and related companies with MarketBeat.com's FREE daily email newsletter.