Ollie’s Bargain Outlet (NASDAQ:OLLI – Get Rating) released its quarterly earnings results on Wednesday. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.10), Briefing.com reports. The business had revenue of $406.70 million for the quarter, compared to the consensus estimate of $417.48 million. Ollie’s Bargain Outlet had a return on equity of 11.47% and a net margin of 8.98%. The firm’s revenue was down 10.1% on a year-over-year basis. During the same quarter last year, the company earned $0.80 earnings per share.
OLLI opened at $53.38 on Thursday. The business’s 50-day moving average price is $48.21 and its two-hundred day moving average price is $47.84. Ollie’s Bargain Outlet has a 1 year low of $37.67 and a 1 year high of $95.43. The company has a market capitalization of $3.35 billion, a price-to-earnings ratio of 21.97, a P/E/G ratio of 1.41 and a beta of 1.10.
A number of equities research analysts recently commented on OLLI shares. Craig Hallum upgraded Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and increased their price target for the stock from $43.00 to $75.00 in a research report on Wednesday. Bank of America upgraded Ollie’s Bargain Outlet from an “underperform” rating to a “buy” rating and increased their price target for the stock from $30.00 to $75.00 in a research report on Friday, May 20th. Stephens decreased their price objective on 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. Piper Sandler decreased their price objective 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. Finally, Wells Fargo & Company upgraded Ollie’s Bargain Outlet from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $45.00 to $65.00 in a research report on Monday, April 4th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $60.31.
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.
- Get a free copy of the StockNews.com research report on Ollie’s Bargain Outlet (OLLI)
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