Ollie's Bargain Outlet Holdings Inc (OLLI) reported quarterly earnings results on Wednesday, Jun-1-2016. The company said it had a profit of $0.20 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.16. The company posted revenue of $193.72 million in the period, compared to analysts expectations of $190.60 million. The company’s revenue was up 19.2% compared to the same quarter last year.
Many Wall Street Analysts have commented on Ollie's Bargain Outlet Holdings Inc. Company shares were Upgraded by Piper Jaffray on Apr 7, 2016 to ” Overweight”, Firm has raised the Price Target to $ 28 from a previous price target of $22 .
Ollie's Bargain Outlet Holdings Inc opened for trading at $25.44 and hit $25.71 on the upside on Friday, eventually ending the session at $25.6, with a gain of 1.07% or 0.27 points. The heightened volatility saw the trading volume jump to 4,97,291 shares. Company has a market cap of $1,535 M.
In a different news, on Apr 14, 2016, Thomas Hendrickson (director) purchased 1,950 shares at $23.89 per share price. According to the SEC, on Feb 29, 2016, Howard Freedman (VP of Merchandising) sold 35,000 shares at $19.75 per share price. On Feb 26, 2016, Mark L Butler (President, CEO and Chairman) sold 2,000,000 shares at $19.75 per share price, according to the Form-4 filing with the securities and exchange commission.
Ollie’s Bargain Outlet Holdings Inc. is a retailer of closeouts excess inventory and salvage merchandise. The Company through its wholly owned subsidiary Ollie’s Bargain Outlet Inc. offers products of various categories including housewares food books and stationery bed and bath floor coverings toys and hardware. It offers products under various brands such as Ollie’s Ollie’s Bargain Outlet Ollie’s Army Real Brands! Real Bargains! and Good Stuff Cheap. The Company operates approximately through approximately 185 stores across 16 states including Alabama Delaware Georgia Indiana Kentucky Maryland Michigan New Jersey New York North Carolina Ohio Pennsylvania South Carolina Tennessee Virginia and West Virginia. It owns several domain names including www.ollies.us www.olliesbargainoutlet.com www.olliesarmy.com www.ollies.cheap www.sarasotabreeze.com and www.olliesmail.com.