Blurbs

Ollie’s Bargain Outlet Holding (OLLI) Gets a Buy from RBC Capital

In a report released on December 8, Steven Shemesh from RBC Capital maintained a Buy rating on Ollie’s Bargain Outlet Holding (OLLIResearch Report), with a price target of $65.00. The company’s shares closed yesterday at $51.30.

Shemesh covers the Consumer Goods sector, focusing on stocks such as Walmart, Petco Health and Wellness Company, and Ollie’s Bargain Outlet Holding. According to TipRanks, Shemesh has an average return of -7.9% and a 29.41% success rate on recommended stocks.

In addition to RBC Capital, Ollie’s Bargain Outlet Holding also received a Buy from Bank of America Securities’s Jason Haas CFA in a report issued on December 8. However, on the same day, Truist Financial maintained a Hold rating on Ollie’s Bargain Outlet Holding (NASDAQ: OLLI).

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Based on Ollie’s Bargain Outlet Holding’s latest earnings release for the quarter ending July 31, the company reported a quarterly revenue of $452.48 million and a net profit of $14.1 million. In comparison, last year the company earned a revenue of $415.88 million and had a net profit of $34.32 million

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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. Ollie’s Bargain Outlet Holdings was founded by Mark Butler, Mort Bernstein, Oliver Rosenberg and Harry Coverman on July 29, 1982 and is headquartered in Harrisburg, PA.

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