BofA raised the firm’s price target on Ollie’s Bargain Outlet to $96 from $93 and keeps a Buy rating on the shares ahead of the company reporting its fiscal Q3 results on Wednesday, December 6. The firm, which continues to be impressed by the quality of merchandise that Ollie’s has been getting, is raising its Q3 EPS forecast to 44c on 3.5% comp growth, which is in-line with consensus and above the high-end of the company’s 2%-3% comp growth guidance range.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on OLLI:
- Ollie’s Bargain Outlet Holdings, Inc. Announces Third Quarter Fiscal 2023 Release Date and Conference Call Information
- Five Below (NASDAQ:FIVE): This “Strong Buy” Stock Must Find Another Gear
- Ollie’s Bargain Outlet upgraded to Buy from Neutral at Goldman Sachs
- Why Ollie’s Bargain Outlet Stock (NASDAQ:OLLI) is Outperforming Its Rivals
- Ollie’s Bargain Outlet price target raised to $88 from $87 at Wells Fargo