Craig-Hallum analyst Jeremy Hamblin raised the firm’s price target on Ollie’s Bargain Outlet to $100 from $98 and keeps a Buy rating on the shares. The firm says Ollie’s delivered another strong print in Q4 marked by upside on same-store sales along with an EPS beat driven by upside on gross margin. FY24 guidance sees the company fully return to its long-term growth algorithm with a 1% to 2% comp expected on top of very strong FY23 same-store sales along with plans for 50 new units, Craig-Hallum adds.
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