Ollie’s Bargain Outlet Holding (OLLI) Receives a Buy from Jefferies

In a report released yesterday, Randal Konik from Jefferies maintained a Buy rating on Ollie’s Bargain Outlet Holding (OLLIResearch Report), with a price target of $60.00. The company’s shares closed yesterday at $47.66.

Konik covers the Consumer Goods sector, focusing on stocks such as Lululemon Athletica, Nike, and Clarus. According to TipRanks, Konik has an average return of 4.4% and a 50.00% success rate on recommended stocks.

In addition to Jefferies, Ollie’s Bargain Outlet Holding also received a Buy from Piper Sandler’s Peter Keith in a report issued today. However, on the same day, Truist Financial maintained a Hold rating on Ollie’s Bargain Outlet Holding (NASDAQ: OLLI).

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OLLI market cap is currently $2.98B and has a P/E ratio of 31.79.

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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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