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Ollies Bargain Outlet (OLLI)

Ollie's Bargain Outlet Holdings Inc. is a highly differentiated and fast growing, extreme value retailer of brand name merchandise at drastically reduced prices. Ollie's Bargain Outlet Holdings Inc. is known for its assortment of merchandise offered as Good Stuff Cheap®. The company offers name brand products, Real Brands! Real Bargains!®, in every department, including housewares, food, books and stationery, bed and bath, floor coverings, toys, health and beauty aids and other categories. Ollie's Bargain Outlet Holdings Inc. currently operates 394 stores in 25 states throughout half of the United States.

Company profile

Ticker
OLLI
Exchange
Website
CEO
Mark Butler
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Subsidiaries
Bargain Parent, Inc. • Ollie’s Holdings, Inc. • Ollie’s Bargain Outlet, Inc. • OBO Ventures, Inc. ...

OLLI stock data

Analyst ratings and price targets

Last 3 months

Calendar

1 Sep 22
1 Oct 22
28 Jan 23
Quarter (USD) Jul 22 Apr 22 Jan 22 Oct 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Jan 22 Jan 21 Jan 20 Feb 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 218.04M 218.04M 218.04M 218.04M 218.04M 218.04M
Cash burn (monthly) (no burn) 18.85M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) n/a 38.81M n/a n/a n/a n/a
Cash remaining n/a 179.24M n/a n/a n/a n/a
Runway (months of cash) n/a 9.5 n/a n/a n/a n/a

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Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
6 Jun 22 der Valk Eric van RSU Common Stock Grant Acquire A No No 0 10,314 0 10,314
3 May 22 der Valk Eric van Common Stock, par value $0.001 per share Payment of exercise Dispose F No No 48.67 243 11.83K 607
3 May 22 der Valk Eric van Common Stock, par value $0.001 per share Option exercise Acquire M No No 0 850 0 850
3 May 22 der Valk Eric van RSU Common Stock Option exercise Dispose M No No 0 850 0 2,549
28 Mar 22 Larry Kraus Common Stock, par value $0.001 per share Payment of exercise Dispose F No No 42.17 537 22.65K 3,028
28 Mar 22 Larry Kraus Common Stock, par value $0.001 per share Option exercise Acquire M No No 0 1,753 0 3,565
28 Mar 22 Larry Kraus RSU Common Stock Option exercise Dispose M No No 0 1,753 0 0
28 Mar 22 Swygert John W Common Stock, par value $0.001 per share Payment of exercise Dispose F No No 42.17 605 25.51K 33,894
28 Mar 22 Swygert John W Common Stock, par value $0.001 per share Option exercise Acquire M No No 0 2,123 0 34,499
28 Mar 22 Swygert John W RSU Common Stock Option exercise Dispose M No No 0 2,123 0 0
15.4% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 324 288 +12.5%
Opened positions 84 47 +78.7%
Closed positions 48 77 -37.7%
Increased positions 97 100 -3.0%
Reduced positions 111 114 -2.6%
13F shares Current Prev Q Change
Total value 3.92B 2.89B +35.5%
Total shares 66.72M 67.36M -0.9%
Total puts 666.2K 948.9K -29.8%
Total calls 922.7K 515.5K +79.0%
Total put/call ratio 0.7 1.8 -60.8%
Largest owners Shares Value Change
FMR 9.41M $552.82M -0.6%
Wasatch Advisors 5.77M $339.25M -21.5%
Vanguard 5.18M $304.23M +1.3%
BLK Blackrock 4.86M $285.76M +0.4%
Kayne Anderson Rudnick Investment Management 4.85M $285.15M -23.8%
TROW T. Rowe Price 4.01M $235.37M +14.9%
BK Bank Of New York Mellon 2.08M $122.27M +15.8%
STT State Street 1.64M $96.32M -3.1%
Royal London Asset Management 1.32M $77.47M +37.2%
Dimensional Fund Advisors 1.01M $59.4M +36.7%
Largest transactions Shares Bought/sold Change
Wasatch Advisors 5.77M -1.58M -21.5%
Kayne Anderson Rudnick Investment Management 4.85M -1.52M -23.8%
Burgundy Asset Management 102.92K -1.1M -91.4%
Holocene Advisors 830.53K +830.53K NEW
Two Sigma Investments 138.11K -753.22K -84.5%
American Century Companies 663.91K +663.91K NEW
Wolf Hill Capital Management 150.71K -663.52K -81.5%
D. E. Shaw & Co. 269.07K -550.23K -67.2%
Voloridge Investment Management 111.85K -534.84K -82.7%
TROW T. Rowe Price 4.01M +518.39K +14.9%

Financial report summary

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Competition
Real Brands
Risks
  • The COVID-19 pandemic has disrupted and is expected to continue to disrupt our business, which could have a material adverse impact on our business, results of operations, liquidity and financial condition for an extended period of time.
  • We may not be able to execute our opportunistic buying strategy, adequately manage our supply of inventory or anticipate customer demand, which could have a material adverse effect on our business, financial condition and results of operations.
  • Risks associated with or faced by our suppliers could adversely affect our financial performance.
  • We rely on third parties to move goods through ports and transport them from ports to our centralized distribution centers.
  • In addition to the many and varied costs that are associated with COVID-19, our ability to predict healthcare and other benefit costs may be limited.
  • Factors such as inflation, cost increases and energy prices could have a material adverse effect on our business, financial condition and results of operations.
  • Vaccine mandates and other governmental regulations relating to the ongoing COVID-19 pandemic could have a material adverse impact on our business, financial conditions, results of operations, and prospects.
  • Our ability to generate revenues is dependent on consumer confidence and spending, which may be subject to factors beyond our control, including changes in economic and political conditions, and health concerns.
  • We do not compete in the growing online retail marketplace, which could have a material adverse effect on our business, financial condition and results of operations.
  • Labor shortages and increased turnover or increases in employee and employee-related costs could have adverse effects on our profitability.
  • We face intense competition, which could limit our growth opportunities and adversely impact our financial performance.
  • If we fail to open new profitable stores on a timely basis, successfully enter new markets or implement other elements of our long-term growth strategy, our financial performance could be materially adversely affected.
  • We may not be able to retain the loyalty of our customers, particularly Ollie’s Army members, which could have a material adverse effect on our business, financial condition and results of operations.
  • The failure to timely acquire, develop, open and operate, or the loss of, disruption or interruption in the operations of, our centralized distribution centers could materially adversely affect our business and operations.
  • Our new store growth is dependent on our ability to successfully expand our distribution network capacity, and failure to achieve or sustain these plans could adversely affect our performance.
  • If we are not successful in managing our inventory balances, it could have a material adverse effect on our business, financial condition and results of operations.
  • Inventory shrinkage could have a material adverse effect on our business, financial condition and results of operations.
  • Epidemic or pandemic outbreaks such as COVID-19, natural disasters, whether or not caused by climate change, unusual weather conditions, terrorist acts and political events could disrupt business and result in lower sales and otherwise adversely affect our financial performance.
  • Fluctuations in comparable store sales and results of operations, including fluctuations on a quarterly basis, could cause our business performance to decline substantially.
  • Our success depends on our executive officers, our merchant team and other key personnel. If we lose key personnel or are unable to hire additional qualified personnel, it could have a material adverse effect on our business, financial condition and results of operations.
  • If we are unable to attract, train and retain highly qualified managerial personnel and sales associates in our stores and our distribution centers, our sales, financial performance and business operations may be materially adversely affected.
  • Our success depends on our marketing, advertising and promotional efforts. If we are unable to implement them successfully, or if our competitors are more effective than we are, it could have a material adverse effect on our business, financial condition and results of operations.
  • Because our business is seasonal, with the highest volume of net sales during the holiday season, adverse events during our fourth fiscal quarter could materially adversely affect our business, operations, cash flows and financial condition.
  • Our business requires that we lease substantial amounts of space and there can be no assurance that we will be able to continue to lease space on terms as favorable as the leases negotiated in the past.
  • Risks associated with the current geopolitical climate could adversely affect our business, financial condition, and results of operations.
  • Climate change may have a long-term impact on our business.
  • We are subject to governmental regulations, procedures and requirements. A significant change in, or noncompliance with, these regulations could have a material adverse effect on our business, financial condition and results of operations.
  • If we fail to protect our brand names, competitors may adopt trade names that dilute the value of these assets.
  • We rely on manufacturers in foreign countries for merchandise and a significant amount of our domestically-purchased merchandise is manufactured abroad. Our business may be materially adversely affected by risks associated with international trade.
  • The cost of compliance with product safety regulations and risks related to product liability claims and product recalls could damage our reputation, increase our cost of doing business and could have a material adverse effect on our business, financial condition and results of operations.
  • Our current insurance program may expose us to unexpected costs and negatively affect our financial performance.
  • We face litigation risks from customers, associates, suppliers, stockholders and other third parties in the ordinary course of business.
  • Any disruptions to our information technology systems or breaches of our network security could disrupt or interrupt our operations, compromise our reputation, expose us to litigation, government enforcement actions and costly response measures and could have a material adverse effect on our business, financial condition and results of operations.
  • Data protection requirements increase our operating costs and a breach in information privacy or other related risks could negatively impact our operations.
  • If we are unable to maintain or upgrade our information technology systems or if we are unable to convert to alternate systems in an efficient and timely manner, our operations may be disrupted or become less efficient.
  • If our estimates or judgments relating to our significant accounting policies prove to be incorrect, our operating results could be adversely affected.
  • Changes to accounting rules or regulations could have a material adverse effect on our business, financial condition and results of operations.
  • As a public company, our management is required to devote substantial time to compliance initiatives.
  • Anti-takeover provisions in our third amended and restated certificate of incorporation and fourth amended and restated bylaws and under Delaware law could make an acquisition of us more difficult, limit attempts by our stockholders to replace or remove our current management and limit the market price of our common stock.
  • Our third amended and restated certificate of incorporation designates the Court of Chancery of the State of Delaware as the exclusive forum for certain litigation that may be initiated by our stockholders, which could increase costs of bringing a claim, discourage claims, or limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers, or employees.
  • If securities analysts or industry analysts downgrade our shares, publish negative research or reports or do not publish reports about our business, our share price and trading volume could decline.
  • Future sales of our common stock in the public market could cause the market price of our common stock to decrease significantly.
  • Ollie’s Bargain Outlet Holdings, Inc. (“Holdings”) is a holding company and relies on dividends and other payments, advances and transfers of funds from its subsidiaries to meet its obligations and pay any dividends.
  • We do not expect to pay any cash dividends for the foreseeable future.
  • Indebtedness may limit our ability to invest in the ongoing needs of our business and if we are unable to comply with our financial covenants, it could have a material adverse effect on our liquidity and our business, financial condition and results of operations.
  • We may be unable to generate sufficient cash flows to satisfy debt service obligations, which could have a material adverse effect on our business, financial condition and results of operations.
  • We cannot guarantee that our share repurchase program will be fully consummated or that it will enhance long-term stockholder value.
Management Discussion
  • We derived the condensed consolidated statements of income for the thirteen and twenty-six weeks ended July 30, 2022 and July 31, 2021 from our unaudited condensed consolidated financial statements and related notes.  Our historical results are not necessarily indicative of the results that may be expected in the future.

Content analysis

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