Goldman Sachs raised the firm’s price target on Ollie’s Bargain Outlet (OLLI) to $162 from $158 and keeps a Buy rating on the shares. hares fell 4% after a top-line miss despite only minimal changes to earnings estimates, the analyst tells investors in a research note. Strong transaction growth, outperforming new stores, and better-than-guided Q4 trends highlight continued momentum, with lower AUR driven by deliberate value investments that boost traffic, attract higher-income and younger shoppers, and support long-term market share gains, Goldman adds.
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