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

Ollie’s Bargain Outlet (NASDAQ:OLLI) is expected to post its quarterly earnings results 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. Individual that wish to register for the company’s earnings conference call can do so using this link.

Ollie’s Bargain Outlet Stock Performance

OLLI opened at $102.49 on Monday. The business’s fifty day moving average is $105.21 and its two-hundred day moving average is $101.15. The company has a market cap 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.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Piper Sandler boosted their target price on Ollie’s Bargain Outlet from $107.00 to $126.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Wells Fargo & Company boosted their price target on Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 11th. Truist Financial boosted their price target on Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Royal Bank of Canada upped their target price on Ollie’s Bargain Outlet from $130.00 to $133.00 and gave the company an “outperform” rating in a research note on Friday, March 7th. Finally, Jefferies Financial Group lowered Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and dropped their target price for the company from $125.00 to $111.00 in a research note on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $118.29.

About Ollie’s Bargain Outlet

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.