No changes in target price
Before the company’s upcoming fiscal second-quarter results, the majority of the analysts covering Ollie’s Bargain Outlet (OLLI) stock have maintained a “buy” rating. Of the 14 analysts covering OLLI stock on August 27, 57.0% recommended a “buy,” and the remaining 43.0% recommended a “hold.”
Over the past 30 days, there has been no revision in its target price. The 12-month average target price for OLLI stock is $78.00, which reflects a 3.9% downside to its August 27 price.
For the fiscal second quarter, analysts expect OLLI’s net sales to grow 11.8%, and its adjusted earnings per share are expected to jump 33.3%. The company has beaten its consensus estimates for both sales and EPS in the trailing four quarters.
Ollie’s low-cost proposition and rapid store expansion are driving its top-line growth. In its fiscal first quarter, Ollie’s opened eight new stores and has plans to open 36 to 38 stores in fiscal 2018. It’s also investing in advertising and marketing to enhance its brand visibility
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