Ollie's Bargain Outlet Analysts Increase Their Forecasts After Upbeat Results
Portfolio Pulse from Avi Kapoor
Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) reported better-than-expected first-quarter earnings, with sales growth of 10.8% year-on-year to $508.82 million and adjusted EPS of 73 cents. The company raised its FY24 adjusted EPS and sales outlook. Analysts from B of A Securities and RBC Capital increased their price targets for OLLI.
June 06, 2024 | 12:58 pm
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Ollie's Bargain Outlet reported strong Q1 earnings, beating both sales and EPS estimates. The company raised its FY24 outlook, and analysts from B of A Securities and RBC Capital increased their price targets.
The better-than-expected earnings and raised FY24 outlook indicate strong business performance. The increase in price targets by analysts further supports a positive short-term impact on the stock price.
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