Benzinga - by Lisa Levin, Benzinga Editor.
Ollie's Bargain Outlet Holdings Inc (NASDAQ: OLLI) reported better-than-expected second-quarter financial results and raised FY23 adjusted guidance.
Ollie's Bargain Outlet reported sales growth of 13.7% Y/Y to $514.5 million, beating the consensus of $499.0 million. Adjusted EPS of $0.67 beat the analyst consensus of $0.61.
For FY23, Ollie's increased its net sales outlook to $2.076 billion - $2.091 billion from $2.052 billion-$2.067 billion vs. the consensus of $2.06 billion. The company raised its FY23 Adjusted EPS outlook to $2.65 - $2.74 from $2.56-$2.65 versus the consensus of $2.62.
Ollie's Bargain Outlet shares rose 2.2% to close at $16.63 on Thursday and added 3.8% in today’s pre-market trading session.
These analysts made changes to their price targets on Ollie's Bargain Outlet following earnings announcement.
- Keybanc increased the price target on Ollie's Bargain Outlet from $79 to $93. Keybanc analyst Bradley Thomas maintained an Overweight rating.
- Goldman Sachs boosted the price target on Ollie's Bargain Outlet from $68 to $75. Goldman Sachs analyst Kate McShane maintained a Neutral rating.
Latest Ratings for OLLI
Mar 2022 | Wells Fargo | Maintains | Equal-Weight | |
Jan 2022 | RBC Capital | Downgrades | Outperform | Sector Perform |
Jan 2022 | Truist Securities | Initiates Coverage On | Hold |
View the Latest Analyst Ratings
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