Analyst Lorraine Hutchinson of Bank of America Securities maintained a Buy rating on Ollie’s Bargain Outlet Holding (OLLI – Research Report), retaining the price target of $130.00.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Lorraine Hutchinson’s rating is based on Ollie’s Bargain Outlet Holdings’ strong performance and strategic initiatives. The company has shown resilience by reporting higher-than-expected earnings per share, driven by increased transactions and a favorable sales environment despite some weather-related slowdowns. Ollie’s has also been proactive in capturing market share by capitalizing on retail bankruptcies, enhancing its loyalty program, and accelerating store openings, which have outperformed expectations.
Furthermore, Ollie’s has demonstrated confidence in managing external challenges such as tariffs, with a strategic approach that includes diversifying sourcing and selectively raising prices while maintaining a competitive edge. The company’s ability to maintain strong product availability and benefit from market disruptions further supports the Buy rating. Overall, these factors contribute to a positive outlook for Ollie’s, justifying the price objective of $130.00 USD.
Hutchinson covers the Consumer Cyclical sector, focusing on stocks such as Kohl’s, Bath & Body Works, and Nike. According to TipRanks, Hutchinson has an average return of 8.0% and a 55.76% success rate on recommended stocks.
In another report released today, KeyBanc also reiterated a Buy rating on the stock with a $135.00 price target.
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue