Ollie’s Bargain Outlet (OLLI) Projected to Post Earnings on Wednesday

Ollie’s Bargain Outlet (NASDAQ:OLLI) is projected to announce its earnings results before the market opens on Wednesday, March 19th. Analysts expect the company to announce earnings of $1.20 per share and revenue of $674.61 million for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Ollie’s Bargain Outlet Trading Up 0.8 %

Shares of OLLI stock opened at $103.32 on Tuesday. The company has a 50 day simple moving average of $105.15 and a two-hundred day simple moving average of $101.26. The stock has a market cap of $6.33 billion, a P/E ratio of 30.84, a P/E/G ratio of 2.21 and a beta of 0.83. Ollie’s Bargain Outlet has a 12 month low of $68.05 and a 12 month high of $120.03.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on OLLI shares. Royal Bank of Canada upped their price target on Ollie’s Bargain Outlet from $130.00 to $133.00 and gave the stock an “outperform” rating in a research note on Friday, March 7th. JPMorgan Chase & Co. raised their target price on shares of Ollie’s Bargain Outlet from $105.00 to $135.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Piper Sandler boosted their price target on shares of Ollie’s Bargain Outlet from $107.00 to $126.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Loop Capital raised their price objective on Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Finally, StockNews.com downgraded Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, Ollie’s Bargain Outlet has a consensus rating of “Moderate Buy” and an average target price of $118.29.

About Ollie’s Bargain Outlet

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.