Analyst Lorraine Hutchinson of Bank of America Securities maintained a Buy rating on Ollie’s Bargain Outlet Holding, retaining the price target of $145.00.
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Lorraine Hutchinson’s rating is based on several compelling factors that highlight Ollie’s Bargain Outlet Holding’s strong market position and growth potential. The company has demonstrated a robust product assortment, particularly in consumables and seasonal decor, which positions it well for the upcoming holiday season. The closeout market remains favorable, with Ollie’s being a preferred partner due to its scale and experienced buyers, allowing it to secure large closeout deals efficiently.
Furthermore, Ollie’s has successfully attracted higher-income customers, with the average customer income increasing, indicating a trend of trade-downs from more expensive retailers. The company’s strategic initiatives, such as digital marketing and shrink reduction efforts, have also contributed to its positive outlook. Despite industry-wide price increases due to tariffs, Ollie’s commitment to maintaining a significant price gap compared to competitors supports its value proposition, making it an attractive investment opportunity.
In another report released on October 7, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $142.00 price target.