Ollie’s Bargain Outlet Stake Inc (OLLI) Issues FY18 Revenue Guidance

Ollie’s Bargain Outlet Stake Inc (OLLI) Issues FY18 Revenue Guidance

Ollie's Bargain Outlet Holdings Inc (NASDAQ:OLLI) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $1.12-1.15 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.09. The company issued revenue guidance of $1.025-1.035 billion, compared to the consensus revenue estimate of $1.03 billion.

Ollie's Bargain Outlet Holdings Inc (NASDAQ:OLLI) traded up 0.46% during midday trading on Tuesday, hitting $33.10. 1,411,938 shares of the company traded hands. Ollie's Bargain Outlet Holdings Inc has a 12-month low of $22.12 and a 12-month high of $33.50. The company has a market cap of $2.01 billion, a PE ratio of 40.02 and a beta of 0.15. The stock has a 50 day moving average price of $31.96 and a 200-day moving average price of $29.52.

Several brokerages have commented on OLLI. Jefferies Group LLC reiterated a buy rating on shares of Ollie's Bargain Outlet Holdings in a research report on Friday, December 9th. MKM Partners reiterated a buy rating and issued a $34.00 price target (up from $33.00) on shares of Ollie's Bargain Outlet Holdings in a research report on Friday, December 9th. Zacks Investment Research cut shares of Ollie's Bargain Outlet Holdings from a hold rating to a sell rating in a research report on Tuesday, March 14th. Royal Bank of Canada boosted their price target on shares of Ollie's Bargain Outlet Holdings from $32.00 to $35.00 and gave the stock an outperform rating in a research report on Thursday, December 8th. Finally, Johnson Rice cut shares of Ollie's Bargain Outlet Holdings from a buy rating to an accumulate rating in a research report on Wednesday, January 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $32.50.

In other news, CFO John W. Swygert sold 40,000 shares of the company’s stock in a transaction dated Wednesday, March 8th. The stock was sold at an average price of $31.29, for a total value of $1,251,600.00. Following the transaction, the chief financial officer now owns 60,593 shares in the company, valued at approximately $1,895,954.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Howard Freedman sold 19,200 shares of the company’s stock in a transaction dated Thursday, December 29th. The shares were sold at an average price of $29.35, for a total value of $563,520.00. Following the completion of the transaction, the vice president now owns 42,680 shares in the company, valued at approximately $1,252,658. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 104,631 shares of company stock worth $3,247,865. Corporate insiders own 21.80% of the company’s stock.

About Ollie's Bargain Outlet Holdings

Ollie’s Bargain Outlet Holdings, Inc is a retailer of brand name merchandise. The Company offers deals on closeouts, excess inventory and salvage merchandise. The Company’s product offerings include food, such as packaged food, including coffee, bottled non-carbonated beverages, salty snacks, condiments, sauces, spices, dry pasta, canned goods, cereal and cookies; housewares, such as cooking utensils, dishes, appliances, storage and garbage bags, detergents and cleaning supplies, cookware and glassware, frames and giftware; books and stationery, such as novels, business, cooking, inspirational and coffee table books along with digital versatile discs (DVDs), greeting cards and various office supplies and party goods, and bed and bath, such as household goods, including bedding, towels, curtains and associated hardware.

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