Ollie’s Bargain Outlet (NASDAQ:OLLI) Issues FY 2022 Earnings Guidance

Ollie’s Bargain Outlet (NASDAQ:OLLIGet Rating) issued an update on its FY 2022 earnings guidance on Thursday morning. The company provided EPS guidance of $1.74-$1.79 for the period, compared to the consensus EPS estimate of $1.89. The company issued revenue guidance of $1.84 billion-$1.86 billion, compared to the consensus revenue estimate of $1.88 billion. Ollie’s Bargain Outlet also updated its Q3 2022 guidance to $0.39-$0.43 EPS.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. lifted their price target on Ollie’s Bargain Outlet from $40.00 to $54.00 in a report on Friday, September 16th. Citigroup increased their target price on Ollie’s Bargain Outlet from $43.00 to $55.00 and gave the stock a neutral rating in a report on Thursday, June 9th. StockNews.com lowered shares of Ollie’s Bargain Outlet from a hold rating to a sell rating in a report on Tuesday, September 13th. Wells Fargo & Company lifted their target price on Ollie’s Bargain Outlet from $70.00 to $75.00 and gave the stock an overweight rating in a report on Thursday, July 7th. Finally, KeyCorp increased their price objective on Ollie’s Bargain Outlet from $75.00 to $79.00 and gave the stock an overweight rating in a report on Friday, July 15th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Ollie’s Bargain Outlet has a consensus rating of Hold and an average target price of $63.07.

Ollie’s Bargain Outlet Stock Up 0.8 %

Shares of NASDAQ:OLLI opened at $58.92 on Friday. The firm’s 50 day moving average price is $61.33 and its 200-day moving average price is $54.43. Ollie’s Bargain Outlet has a twelve month low of $37.67 and a twelve month high of $75.27. The stock has a market capitalization of $3.69 billion, a PE ratio of 39.54, a price-to-earnings-growth ratio of 2.02 and a beta of 0.83.

Ollie’s Bargain Outlet (NASDAQ:OLLIGet Rating) last released its quarterly earnings results on Thursday, September 1st. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.11). Ollie’s Bargain Outlet had a net margin of 5.42% and a return on equity of 7.15%. The business had revenue of $452.40 million for the quarter, compared to analysts’ expectations of $457.43 million. During the same period in the previous year, the company earned $0.52 EPS. Ollie’s Bargain Outlet’s revenue for the quarter was up 8.8% compared to the same quarter last year. Analysts expect that Ollie’s Bargain Outlet will post 1.78 earnings per share for the current fiscal year.

Institutional Trading of Ollie’s Bargain Outlet

Several large investors have recently added to or reduced their stakes in OLLI. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Ollie’s Bargain Outlet by 7.2% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,515 shares of the company’s stock worth $924,000 after buying an additional 1,451 shares during the last quarter. Eaton Vance Management raised its stake in shares of Ollie’s Bargain Outlet by 1,539.4% during the 1st quarter. Eaton Vance Management now owns 15,476 shares of the company’s stock valued at $665,000 after buying an additional 14,532 shares during the last quarter. Toroso Investments LLC lifted its holdings in shares of Ollie’s Bargain Outlet by 98.5% in the 1st quarter. Toroso Investments LLC now owns 15,182 shares of the company’s stock valued at $652,000 after buying an additional 7,534 shares during the period. Zions Bancorporation N.A. boosted its stake in shares of Ollie’s Bargain Outlet by 36.6% in the first quarter. Zions Bancorporation N.A. now owns 15,057 shares of the company’s stock worth $647,000 after buying an additional 4,032 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new stake in Ollie’s Bargain Outlet during the first quarter worth about $491,000.

About Ollie’s Bargain Outlet

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

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