Ollie’s Bargain Outlet (OLLI) Projected to Post Quarterly Earnings on Wednesday

Ollie’s Bargain Outlet (NASDAQ:OLLI) is anticipated to release 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. Parties that are interested in participating in the company’s conference call can do so using this link.

Ollie’s Bargain Outlet Stock Up 0.8 %

Shares of OLLI opened at $103.32 on Tuesday. The business’s fifty day moving average is $105.15 and its 200 day moving average is $101.26. Ollie’s Bargain Outlet has a 12-month low of $68.05 and a 12-month high of $120.03. The stock has a market cap of $6.33 billion, a P/E ratio of 30.84, a P/E/G ratio of 2.21 and a beta of 0.83.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on OLLI shares. Wells Fargo & Company increased 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 report on Wednesday, December 11th. Piper Sandler raised their price target on shares of Ollie’s Bargain Outlet from $107.00 to $126.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. StockNews.com downgraded shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research report on Tuesday, February 4th. Citigroup raised shares of Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and lifted their target price for the stock from $64.00 to $133.00 in a research report on Wednesday, December 18th. Finally, 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 report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target 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.