Analysts Set Expectations for Ollie’s Bargain Outlet Holdings, Inc.’s Q1 2024 Earnings (NASDAQ:OLLI)

Ollie's Bargain Outlet logo Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLIGet Rating) – KeyCorp issued their Q1 2024 earnings per share estimates for Ollie’s Bargain Outlet in a research report issued to clients and investors on Wednesday, March 22nd. KeyCorp analyst B.

Thomas anticipates that the company will post earnings of £0.47 per share for the quarter. The consensus estimate for Ollie’s Bargain Outlet’s current full-year earnings is £2.54 per share. KeyCorp also issued estimates for Ollie’s Bargain Outlet’s Q2 2024 earnings at £0.61 EPS, Q3 2024 earnings at £0.45 EPS, Q4 2024 earnings at £0.98 EPS, FY2024 earnings at £2.52 EPS and FY2025 earnings at £2.80 EPS.

Ollie’s Bargain Outlet (NASDAQ:OLLIGet Rating) last announced its earnings results on Wednesday, March 22nd. The company reported £0.84 earnings per share for the quarter, topping analysts’ consensus estimates of £0.80 by £0.04. The business had revenue of £549.80 million for the quarter, compared to analyst estimates of £542.18 million.

Ollie’s Bargain Outlet had a return on equity of 7.15% and a net margin of 5.31%. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the company earned £0.69 EPS.

Several other equities research analysts have also recently weighed in on the company.

Gordon Haskett cut Ollie’s Bargain Outlet from a “buy” rating to an “accumulate” rating and set a £53.00 price objective for the company. in a report on Thursday, December 8th. Citigroup reduced their target price on Ollie’s Bargain Outlet from £55.00 to £52.00 and set a “neutral” rating for the company in a report on Thursday, December 8th. Loop Capital lifted their target price on Ollie’s Bargain Outlet from £42.00 to £58.00 and gave the stock an “equal weight” rating in a report on Thursday.

UBS Group cut their price objective on Ollie’s Bargain Outlet to £54.00 in a report on Monday, December 12th. Finally, StockNews.com raised Ollie’s Bargain Outlet from a “sell” rating to a “hold” rating in a report on Friday. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock.

According to data from MarketBeat, Ollie’s Bargain Outlet has an average rating of “Moderate Buy” and an average target price of £62.13.

Ollie’s Bargain Outlet Trading Up 0.2 %

Shares of Ollie’s Bargain Outlet stock opened at £58.10 on Friday. The business’s 50-day moving average price is £55.57 and its 200-day moving average price is £54.60. Ollie’s Bargain Outlet has a 12 month low of £40.11 and a 12 month high of £72.27.

The firm has a market capitalization of £3.62 billion, a PE ratio of 38.73, a price-to-earnings-growth ratio of 1.85 and a beta of 0.96.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Royal London Asset Management Ltd. purchased a new stake in shares of Ollie’s Bargain Outlet during the first quarter worth approximately £41,301,000. Norges Bank acquired a new stake in shares of Ollie’s Bargain Outlet during the fourth quarter worth £28,482,000.

Segall Bryant & Hamill LLC acquired a new stake in shares of Ollie’s Bargain Outlet during the third quarter worth £29,454,000. Point72 Asset Management L.P. acquired a new stake in shares of Ollie’s Bargain Outlet during the fourth quarter worth £24,742,000. Finally, Price T Rowe Associates Inc.

MD lifted its holdings in Ollie’s Bargain Outlet by 14.9% in the second quarter. Price T Rowe Associates Inc. MD now owns 4,006,215 shares of the company’s stock valued at £235,365,000 after acquiring an additional 518,390 shares during the period.

About Ollie’s Bargain Outlet

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Ollie’s Bargain Outlet Holdings, Inc is a holding company, which engages in the retail of closeouts, excess inventory, and salvage merchandise. It offers overstocks, package changes, manufacturer refurbished goods, and irregulars. The company’s products include housewares, food, books and stationery, bed and bath, floor coverings, electronics and toys.

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

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