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OLLI

Ollie's Bargain Outlet

$77.85 /

+0.61 (+0.79%)

07:04
08/29/19
08/29
07:04
08/29/19
07:04

Ollie's Bargain Outlet price target lowered to $65 from $85 at RBC Capital

RBC Capital analyst Scot Ciccarelli lowered his price target on Ollie's Bargain Outlet to $65 and kept his Sector Perform rating after its Q2 earnings miss and a cut in its FY19 guidance. The analyst notes that the comps decline of 1.7% came in "well short" of his expected increase of 2% because of "higher new store cannibalization and supply chain inefficiencies". Ciccarelli adds that while he is still "bullish" on Ollie's Bargain Outlet's business model, its EBIT growth has also been slowing.

OLLI Ollie's Bargain Outlet
$77.85 /

+0.61 (+0.79%)

07/31/19 LOOP
Ollie's Bargain Outlet upgraded to Buy from Hold at Loop Capital
07/31/19
Ollie's Bargain Outlet upgraded to Buy from Hold at Loop Capital
08/29/19 PIPR
Ollie's Bargain Outlet should be bought on earnings selloff, says Piper Jaffray
08/29/19 SBSH
Ollie's Bargain Outlet price target lowered to $65 from $95 at Citi

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