Loop Capital analyst Anthony Chukumba lowered his price target on Ollie's Bargain Outlet to $75 after its "disappointing" Q2 performance that included the first decline in comps in 21 quarters, margin degradation, and a "substantial" earnings guidance cut. The analyst adds that the management's inability to foresee the problems in Q2 suggests that "some changes" may be needed to right the ship. Chukumba is keeping his Buy rating on the stock however, noting that the 30% pre-market decline looks "overdone" since Ollie's Bargain Outlet's wounds are "self inflicted" and "fixable".