Piper Sandler lowered the firm’s price target on Ollie’s Bargain Outlet (OLLI) to $140 from $150 and keeps an Overweight rating on the shares following Q3 results that slightly missed high expectations. Full year guidance was raised on the top and bottom line to account for Q3 results, while expectations for Q4 remain largely unchanged. That said, quarter-to-date sales are currently trending ahead of guidance.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on OLLI:
- Optimistic Buy Rating for Ollie’s Bargain Outlet Holdings Driven by Strong Financial Performance and Strategic Expansion
- Ollie’s Bargain Outlet Holdings: Mixed Financial Performance and Cautious Outlook Justify Hold Rating
- Ollie’s Earnings Call: Strong Growth Amid Challenges
- Morning Movers: CVS rises, Home Depot falls after investor day updates
- Ollie’s Bargain Outlet reports Q3 adjusted EPS 75c, consensus 73c