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Analysts Are Bullish on Ollie’s Bargain Outlet Stock

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Oct. 4 2018, Updated 9:02 a.m. ET

60% of analysts rate OLLI stock “buy”

Of the 15 analysts covering Ollie’s Bargain Outlet (OLLI) stock on October 2, 60.0% recommended a “buy.” The remaining 40.0% recommended a “hold,” and there were no recommendations for a “sell.”

Of the 29 analysts covering Dollar General (DG) stock, 62.0% recommended a “buy,” and 34.0% recommended a “hold.” Of the 27 analysts covering Dollar Tree (DLTR) stock, 59.0% recommended a “buy,” and 41.0% recommended a “hold.” Of the 18 analysts covering Five Below (FIVE) stock, 56.0% recommended a “buy,” and 44.0% recommended a “hold.”

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Changes in target prices

There has been just one price change for Ollie’s Bargain Outlet (OLLI) stock in the last 15 days. KeyBanc upped its target price to $108.00 from $100.00. Currently, Ollie’s Bargain Outlet’s mean target price is $93.47, which indicates a 0.2% downside to its stock price on October 2.

There has been no change in Dollar General’s (DG) price target in the past 15 days. The 12-month average target price for DG stock is $115.96, which reflects a 7.9% upside.

There has been one price change each for both Dollar Tree and Five Below. On September 27, Barclays cut the target price for Dollar Tree (DLTR) to $84.00 from $88.00. The 12-month average target price for DLTR stock is $96.50, which reflects an 18.2% upside.

On September 24, J.P. Morgan increased its target price for Five Below (FIVE) to $153.00 from $150.00. The 12-month average target price for FIVE stock is $133.38, which reflects an 8.5% upside.

Changes to PE valuations

On October 2, Ollie’s Bargain Outlet (OLLI) traded at a 12-month forward PE (price-to-earnings) ratio of 47.7x. Since the September 5 announcement of its results for the second quarter of fiscal 2018, the company’s PE valuation multiple has increased 3.3%. The second quarter of fiscal 2018 ended on August 4.

Ollie’s Bargain Outlet stock is trading at a higher valuation multiple than its peers. Five Below, Dollar Tree, and Dollar General are trading at 12-month forward PE ratios of 42.3x, 13.8x, and 16.5x, respectively.

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