Ollie’s Bargain Outlet (OLLI) Expected to Announce Earnings on Wednesday

Ollie’s Bargain Outlet (NASDAQ:OLLI) is expected to be releasing its earnings data before the market opens on Wednesday, March 19th. Analysts expect Ollie’s Bargain Outlet to post earnings of $1.20 per share and revenue of $674.61 million for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Ollie’s Bargain Outlet Stock Performance

Shares of OLLI opened at $102.49 on Monday. The stock has a 50 day moving average price of $105.21 and a 200 day moving average price of $101.15. The stock has a market capitalization of $6.28 billion, a price-to-earnings ratio of 30.59, a PEG ratio of 2.21 and a beta of 0.83. Ollie’s Bargain Outlet has a one year low of $68.05 and a one year high of $120.03.

Analysts Set New Price Targets

Several brokerages have recently commented on OLLI. Wells Fargo & Company upped their price target on Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 11th. Citigroup upgraded Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and increased their price objective for the company from $64.00 to $133.00 in a report on Wednesday, December 18th. Craig Hallum increased their price objective on Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Piper Sandler increased their price objective on Ollie’s Bargain Outlet from $107.00 to $126.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. increased their price objective on Ollie’s Bargain Outlet from $105.00 to $135.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $118.29.

Ollie’s Bargain Outlet Company Profile

Ollie’s Bargain Outlet Holdings, Inc is a holding company, which engages in the retail of closeouts, excess inventory, and salvage merchandise. It offers overstocks, package changes, manufacturer refurbished goods, and irregulars. The company’s products include housewares, food, books and stationery, bed and bath, floor coverings, electronics and toys.