Is Ollie’s Bargain Outlet (NASDAQ:OLLI) Finally Worth Your Time? What Does Goldman Sachs Think?

May 16, 2018 - By sdfsdfsdf

Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Logo

Why Has Goldman Sachs Given Ollie’s Bargain Outlet (NASDAQ:OLLI) a $78 Price Target

Goldman Sachs has initiated its coverage for Ollie’s Bargain Outlet (NASDAQ:OLLI), this morning Wednesday morning. The financial firm found the stock of OLLI quite attractive and now has a PT of $78 with a key Buy rating.

Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Ratings Coverage

Among 9 analysts covering Ollie’s Bargain Outlet (NASDAQ:OLLI), 7 have Buy rating, 1 Sell and 1 Hold. Therefore 78% are positive. Ollie’s Bargain Outlet has $7000 highest and $39 lowest target. $63.11’s average target is -9.13% below currents $69.45 stock price. Ollie’s Bargain Outlet had 15 analyst reports since November 17, 2017 according to SRatingsIntel. As per Thursday, December 7, the company rating was maintained by RBC Capital Markets. The firm has “Neutral” rating by Bank of America given on Thursday, April 5. The firm earned “Buy” rating on Thursday, April 5 by Stephens. The stock of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) earned “Buy” rating by Piper Jaffray on Wednesday, December 6. KeyBanc Capital Markets maintained Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) rating on Wednesday, December 20. KeyBanc Capital Markets has “Buy” rating and $60.0 target. The rating was maintained by KeyBanc Capital Markets on Thursday, December 7 with “Buy”. The stock of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) has “Buy” rating given on Tuesday, January 16 by RBC Capital Markets. The company was maintained on Thursday, April 5 by KeyBanc Capital Markets. Bank of America maintained Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) on Tuesday, March 13 with “Buy” rating. The firm has “Buy” rating given on Monday, January 8 by Stephens.

The stock increased 1.61% or $1.1 during the last trading session, reaching $69.45. About 530,876 shares traded. Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) has risen 77.39% since May 16, 2017 and is uptrending. It has outperformed by 65.84% the S&P500.

Analysts await Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) to report earnings on May, 30. They expect $0.37 EPS, up 48.00 % or $0.12 from last year’s $0.25 per share. OLLI’s profit will be $23.07M for 46.93 P/E if the $0.37 EPS becomes a reality. After $0.51 actual EPS reported by Ollie's Bargain Outlet Holdings, Inc. for the previous quarter, Wall Street now forecasts -27.45 % negative EPS growth.

Ollie's Bargain Outlet Holdings, Inc. operates as a retailer of brand name merchandise. The company has market cap of $4.33 billion. The firm offers food products, housewares, books and stationery products, bed and bath products, floor coverings, electronics, and toys; and other products, including hardware, personal health care, candy, clothing, sporting goods, pet products, luggage, automotive, seasonal, furniture, summer furniture, and lawn and garden. It has a 35.43 P/E ratio. As of August 02, 2017, it operated 250 store locations across 20 states in the United States.

More news for Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) were recently published by: Prnewswire.com, which released: “Pre-Market Technical Scan on Discount and Variety Stores Equities — Fred’s, Ollie’s Bargain Outlet, Target, and Walmart” on May 01, 2018. Globenewswire.com‘s article titled: “Analysis: Positioning to Benefit within Korn/Ferry International, ResMed, Donaldson, Ollie’s Bargain Outlet, VSE, and …” and published on April 23, 2018 is yet another important article.

Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Ratings Chart

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