Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI – Free Report) – Equities researchers at Zacks Research reduced their Q3 2024 EPS estimates for shares of Ollie’s Bargain Outlet in a research report issued on Thursday, September 14th. Zacks Research analyst S. Singh now anticipates that the company will post earnings per share of $0.42 for the quarter, down from their prior forecast of $0.43. The consensus estimate for Ollie’s Bargain Outlet’s current full-year earnings is $2.71 per share. Zacks Research also issued estimates for Ollie’s Bargain Outlet’s Q4 2024 earnings at $1.12 EPS, FY2024 earnings at $2.70 EPS, Q1 2025 earnings at $0.57 EPS, Q2 2025 earnings at $0.78 EPS, Q3 2025 earnings at $0.52 EPS, Q4 2025 earnings at $1.21 EPS, FY2025 earnings at $3.08 EPS, Q1 2026 earnings at $0.63 EPS, Q2 2026 earnings at $0.88 EPS and FY2026 earnings at $3.40 EPS.
Ollie’s Bargain Outlet (NASDAQ:OLLI – Get Free Report) last released its quarterly earnings data on Thursday, August 31st. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.06. Ollie’s Bargain Outlet had a net margin of 7.69% and a return on equity of 10.80%. The company had revenue of $514.50 million during the quarter, compared to analysts’ expectations of $499.04 million. During the same period in the previous year, the company earned $0.22 EPS. The firm’s quarterly revenue was up 13.7% on a year-over-year basis.
Read Our Latest Research Report on Ollie’s Bargain Outlet
Ollie’s Bargain Outlet Stock Down 0.3 %
NASDAQ OLLI opened at $77.97 on Monday. The firm has a market cap of $4.81 billion, a PE ratio of 32.49, a price-to-earnings-growth ratio of 1.07 and a beta of 0.96. The company has a 50 day moving average price of $73.20 and a 200 day moving average price of $64.65. Ollie’s Bargain Outlet has a 52 week low of $44.72 and a 52 week high of $80.94.
Insider Transactions at Ollie’s Bargain Outlet
In related news, CEO John W. Swygert sold 800 shares of the firm’s stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $73.33, for a total transaction of $58,664.00. Following the completion of the transaction, the chief executive officer now owns 48,200 shares in the company, valued at approximately $3,534,506. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, VP Larry Kraus sold 3,000 shares of the business’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $79.00, for a total transaction of $237,000.00. Following the completion of the sale, the vice president now owns 2,928 shares in the company, valued at $231,312. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO John W. Swygert sold 800 shares of the business’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $73.33, for a total value of $58,664.00. Following the completion of the transaction, the chief executive officer now directly owns 48,200 shares of the company’s stock, valued at $3,534,506. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,139 shares of company stock valued at $907,006. 0.86% of the stock is owned by corporate insiders.
Institutional Trading of Ollie’s Bargain Outlet
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Covestor Ltd raised its stake in Ollie’s Bargain Outlet by 48.0% in the second quarter. Covestor Ltd now owns 530 shares of the company’s stock valued at $31,000 after buying an additional 172 shares during the period. Huntington National Bank boosted its stake in shares of Ollie’s Bargain Outlet by 204.4% in the 2nd quarter. Huntington National Bank now owns 554 shares of the company’s stock valued at $32,000 after purchasing an additional 372 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in Ollie’s Bargain Outlet during the 1st quarter worth approximately $61,000. Captrust Financial Advisors boosted its position in Ollie’s Bargain Outlet by 81.1% during the 2nd quarter. Captrust Financial Advisors now owns 1,411 shares of the company’s stock worth $83,000 after buying an additional 632 shares during the period. Finally, Signaturefd LLC grew its holdings in Ollie’s Bargain Outlet by 13.9% during the 2nd quarter. Signaturefd LLC now owns 1,507 shares of the company’s stock worth $87,000 after acquiring an additional 184 shares during the last quarter.
About Ollie’s Bargain Outlet
Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise in the United States. 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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