RBC Capital Believes Ollie’s Bargain Outlet Holding (NASDAQ: OLLI) Won’t Stop Here

By Austin Angelo

In a report released today, Gary Bisbee from RBC Capital reiterated a Buy rating on Ollie’s Bargain Outlet Holding (NASDAQ: OLLI), with a price target of $37. The company’s shares opened today at $41.10, close to its 52-week high of $42.05.

According to TipRanks.com, Bisbee is a 5-star analyst with an average return of 9.0% and a 73.0% success rate. Bisbee covers the Services sector, focusing on stocks such as Servicemaster Global Holdings, Corporate Executive Board, and Brinker International.

Ollie’s Bargain Outlet Holding has an analyst consensus of Strong Buy, with a price target consensus of $38.

Based on Ollie’s Bargain Outlet Holding’s latest earnings report for the quarter ending January 31, the company posted quarterly revenue of $283 million and quarterly net profit of $24.42 million. In comparison, last year the company earned revenue of $194 million and had a net profit of $11.75 million.

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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 was founded by Mark Butler in July 29, 1982 and is headquartered in Harrisburg, PA.