In a report released today, Jeremy Hamblin from Craig-Hallum maintained a Buy rating on Ollie’s Bargain Outlet Holding (OLLI – Research Report). The company’s shares closed last Friday at $78.96.
According to TipRanks, Hamblin is a 4-star analyst with an average return of 8.3% and a 55.16% success rate. Hamblin covers the Consumer Cyclical sector, focusing on stocks such as Carrols Restaurant Group, Citi Trends, and Potbelly.
Currently, the analyst consensus on Ollie’s Bargain Outlet Holding is a Moderate Buy with an average price target of $85.85, implying an 8.73% upside from current levels. In a report released on March 1, Gordon Haskett Capital Corporation also maintained a Buy rating on the stock with a $87.00 price target.
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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.
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