Equities research analysts predict that Overstock.com, Inc. (NASDAQ:OSTK) will announce $611.20 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Overstock.com’s earnings, with the lowest sales estimate coming in at $572.30 million and the highest estimate coming in at $650.10 million. Overstock.com reported sales of $351.57 million in the same quarter last year, which suggests a positive year-over-year growth rate of 73.8%. The firm is expected to report its next quarterly earnings results on Thursday, April 29th.
According to Zacks, analysts expect that Overstock.com will report full year sales of $2.86 billion for the current financial year, with estimates ranging from $2.85 billion to $2.87 billion. For the next financial year, analysts expect that the company will post sales of $3.37 billion, with estimates ranging from $3.30 billion to $3.45 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Overstock.com.
Overstock.com (NASDAQ:OSTK) last released its quarterly earnings results on Wednesday, February 24th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.04). Overstock.com had a return on equity of 6.83% and a net margin of 0.73%. The firm had revenue of $684.02 million for the quarter, compared to analyst estimates of $730.40 million.
Several brokerages recently weighed in on OSTK. Wedbush boosted their target price on shares of Overstock.com from $98.00 to $126.00 and gave the company an “outperform” rating in a research note on Monday, March 1st. TheStreet raised shares of Overstock.com from a “d+” rating to a “c” rating in a research note on Monday, February 8th. Bank of America raised shares of Overstock.com from a “neutral” rating to a “buy” rating and set a $91.00 target price for the company in a research note on Thursday, February 25th. DA Davidson boosted their target price on shares of Overstock.com from $103.00 to $121.00 in a research note on Thursday, February 25th. Finally, Needham & Company LLC lifted their price target on Overstock.com from $98.00 to $110.00 and gave the company a “buy” rating in a report on Monday, March 1st. Six analysts have rated the stock with a buy rating, Overstock.com has an average rating of “Buy” and an average price target of $113.17.
OSTK stock traded up $5.92 during trading on Friday, hitting $71.70. The stock had a trading volume of 3,068,342 shares, compared to its average volume of 2,868,497. The company’s 50 day moving average price is $71.84 and its two-hundred day moving average price is $69.56. Overstock.com has a 1-year low of $6.76 and a 1-year high of $128.50. The stock has a market cap of $3.41 billion, a price-to-earnings ratio of 341.44, a price-to-earnings-growth ratio of 2.59 and a beta of 4.40. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.66 and a current ratio of 1.68.
In other news, insider Carter Paul Lee sold 2,000 shares of the business’s stock in a transaction dated Tuesday, January 26th. The stock was sold at an average price of $85.00, for a total transaction of $170,000.00. Following the completion of the sale, the insider now owns 15,864 shares in the company, valued at approximately $1,348,440. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ronald Hilton sold 5,000 shares of the business’s stock in a transaction dated Friday, February 12th. The stock was sold at an average price of $110.00, for a total value of $550,000.00. Following the sale, the insider now owns 7,081 shares of the company’s stock, valued at approximately $778,910. The disclosure for this sale can be found here. Insiders have sold a total of 93,413 shares of company stock valued at $8,156,970 in the last quarter. Company insiders own 1.30% of the company’s stock.
Large investors have recently modified their holdings of the company. US Bancorp DE purchased a new position in Overstock.com in the 3rd quarter worth approximately $30,000. Neo Ivy Capital Management purchased a new position in Overstock.com in the 3rd quarter worth approximately $35,000. JBF Capital Inc. boosted its holdings in Overstock.com by 4,697.0% in the 4th quarter. JBF Capital Inc. now owns 35,018 shares of the company’s stock worth $35,000 after acquiring an additional 34,288 shares during the period. Jacobi Capital Management LLC purchased a new position in Overstock.com in the 4th quarter worth approximately $120,000. Finally, Globeflex Capital L P boosted its holdings in Overstock.com by 25.2% in the 4th quarter. Globeflex Capital L P now owns 2,811 shares of the company’s stock worth $135,000 after acquiring an additional 566 shares during the period. Institutional investors and hedge funds own 65.82% of the company’s stock.
Overstock.com Company Profile
Overstock.com, Inc operates as an online retailer in the United States. It operates through Retail, tZERO, and Medici Ventures segments. The company offers furniture; and home dÃ©cor, including area rugs, bedding and bath, home improvement, kitchen and dining items, and other related products. It also operates Supplier Oasis, a single integration point for partners to manage their products, inventory, and sales channels, as well as obtain multi-channel fulfillment services through its distribution network.
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