Ollie’s Bargain Outlet (OLLI) Stock Price: $78 Target And Overweight Rating

By Amit Chowdhry ● Jun 18, 2022
  • The shares of Ollie’s Bargain Outlet Holdings Inc (NASDAQ: OLLI) have received a $78 price target from Piper Sandler. These are the details.

The shares of Ollie’s Bargain Outlet Holdings Inc (NASDAQ: OLLI) have received a $78 price target from Piper Sandler. And Piper Sandler analyst Peter Keith increased the price target on Ollie’s Bargain Outlet from $62 while maintaining an “Overweight” rating on the shares.

Earlier this month, Ollie’s reported a Q1 EPS of $0.20, which was $0.10 lower than analyst estimates of $0.30. And the revenue for the quarter was $406.7 million compared to the consensus estimate of $417.24 million.

In terms of guidance, Ollie’s expects a Q2 2022 EPS of $0.32-$0.35, compared to the consensus of $0.33. And Ollie’s expects Q2 2022 revenue of between $450 and $460 million, compared to the consensus of $449.4 million.

Going forward, Ollie’s expects FY2022 EPS of $1.83-$1.98, compared to the consensus of $2.13. And Ollie’s expects FY2022 revenue of between $1.87 billion and $1.90 billion, compared to the consensus of $1.9 billion.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.