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Why Ollie's Bargain's Stock Is Trading Higher Today

Tanzeel Akhtar
·1 min read

Ollie's Bargain Outlet Holdings (NASDAQ: OLLI) shares are trading higher on Friday, after the company reported better-than expected first-quarter EPS and sales results.

Ollie's reported quarterly earnings of 49 cents per share, which beat the analyst consensus estimate of 31 cents. The company reported quarterly sales of $349.40 million, which beat the analyst consensus estimate of $315.02 million.

View more earnings on OLLI

KeyBanc maintained an Overweight rating on the stock and raised its price target from $80 to $100 per share.

Ollie's Bargain Outlet is a retailer of brand name merchandise at drastically reduced prices. It offers customers a selection of brand name products, including housewares, food, books and stationery, bed and bath, floor coverings, toys, and hardware. It operates stores across the Eastern half of the U.S.

Ollie's Bargain Outlet shares were trading up 5.51% at $92.64 at time of publication on Friday. The stock has a 52-week high of $99.80 and a 52-week low of $28.83.

Latest Ratings for OLLI

Date

Firm

Action

From

To

May 2020

Morgan Stanley

Maintains

Equal-Weight

May 2020

KeyBanc

Maintains

Overweight

May 2020

B of A Securities

Reiterates

Buy

View More Analyst Ratings for OLLI
View the Latest Analyst Ratings

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