The Latest Breaking News from Ollie Bargain Outlet

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) stock fell Tuesday after the company reported third-quarter earnings.

Ollie's Bargain Outlet's stock price is expected to rise over the next few years and could easily surpass a triple-digit gain by the end of the decade.

While boring discount retail play OLLI stock has enjoyed a relatively impressive performance this year, that alone doesn’t mean it’s a sell.

Over the past 3 months, 9 analysts have published their opinion on Ollie's Bargain Outlet (NASDAQ:OLLI) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

Upgrades

Pulled from Benzinga Pro data, Ollie's Bargain Outlet (NASDAQ:OLLI) posted Q1 earnings of $12.52 million, an increase from Q4 of 72.0%. Sales dropped to $406.67 million, a 18.85% decrease between quarters.

Ollie's Bargain Outlet (NASDAQ:OLLI) has observed the following analyst ratings within the last quarter:

Although Ollie's Bargain Outlet Holdings Inc. (NASDAQ: OLLI) reported another tough quarter, its fundamentals are poised to improve in the second half of the year and beyond, according to RBC Capital Markets.

Truist Securities has decided to maintain its Hold rating of Ollie's Bargain Outlet (NASDAQ:OLLI) and raise its price target from $38.00 to $40.00. Shares of Ollie's Bargain Outlet are trading up 5.36% over the last 24 hours, at $56.24 per share.