Goldman Sachs analyst Kate McShane has reiterated their bullish stance on OLLI stock, giving a Buy rating today.
Kate McShane’s rating is based on Ollie’s Bargain Outlet Holding’s strong performance and strategic positioning. The company has shown resilience by outperforming expectations in key financial metrics, such as adjusted EPS and gross margin, despite the challenges posed by Big Lots store closures. This demonstrates Ollie’s ability to navigate market complexities and capitalize on opportunities.
Additionally, the company’s plans for new store expansions and a share repurchase program indicate a proactive approach to growth and shareholder value. The potential benefits from Big Lots closures, coupled with improved sales trends as weather conditions stabilize, further support the positive outlook. These factors collectively contribute to McShane’s confidence in recommending a Buy rating for OLLI.
In another report released today, Bank of America Securities also reiterated a Buy rating on the stock with a $130.00 price target.
OLLI’s price has also changed moderately for the past six months – from $97.810 to $107.940, which is a 10.36% increase.