In a report released today, Kate McShane from Goldman Sachs reiterated a Buy rating on Ollie’s Bargain Outlet Holding (OLLI – Research Report). The company’s shares closed yesterday at $74.11.
McShane covers the Consumer Cyclical sector, focusing on stocks such as Bath & Body Works, Ollie’s Bargain Outlet Holding, and Advance Auto Parts. According to TipRanks, McShane has an average return of 4.0% and a 59.54% success rate on recommended stocks.
Ollie’s Bargain Outlet Holding has an analyst consensus of Moderate Buy, with a price target consensus of $86.69.
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Based on Ollie’s Bargain Outlet Holding’s latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $480.05 million and a net profit of $31.8 million. In comparison, last year the company earned a revenue of $418.07 million and had a net profit of $23.08 million
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Ollie’s Bargain Outlet Holding (OLLI) Company Description:
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. Ollie’s Bargain Outlet Holdings was founded by Mark Butler, Mort Bernstein, Oliver Rosenberg and Harry Coverman on July 29, 1982 and is headquartered in Harrisburg, PA.
Read More on OLLI:
- Ollie’s Bargain Outlet price target lowered to $85 from $88 at Wells Fargo
- The hardlines and leisure stocks to own in 2024, according to Piper Sandler
- Ollie’s Bargain Outlet price target lowered to $78 from $84 at Truist
- Ollie’s Bargain Outlet (NASDAQ:OLLI): A Must-Watch Holidays Winner
- Ollie’s Bargain Outlet price target raised to $84 from $80 at Truist
