Piper Sandler analyst Peter Keith lowered the firm’s price target on Ollie’s Bargain Outlet to $60 from $75 and keeps an Overweight rating on the shares. The company reported another miss and guide down, Keith tells investors in a research note. The analyst continues to like the Ollie’s business model but says the optics for the quarter "look terrible on another EPS miss."
Published first on TheFly
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Read More on OLLI:
- Ollie’s Bargain Outlet price target lowered to $52 from $55 at Citi
- Ollie’s Bargain Outlet downgraded to Accumulate from Buy at Gordon Haskett
- OLLI Stock Craters after Slashing FY22 Outlook
- Ollie’s Bargain Outlet sees 2022 adjusted EPS $1.57-$1.62, consensus $1.82
- Ollie’s Bargain Outlet sees Q4 adjusted EPS 78c-83c, consensus 95c
