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JPMorgan analyst Matthew Boss raised the firm's price target on Ollie's Bargain Outlet to $102 from $81 and keeps an Overweight rating on the shares following the company's Q1 results.

RBC Capital analyst Scot Ciccarelli raised the firm's price target on Ollie's Bargain Outlet to $101 from $76 and keeps an Outperform rating on the shares. April sales surge has boosted the company's Q1 results, driven by continued store growth, comp improvement, and better margins, the analyst tells investors in a research note. "Epic" buying opportunities are still expected to come over the next 6-9 months, Ciccarelli states.

Loop Capital analyst Anthony Chukumba raised the firm's price target on Ollie's Bargain Outlet to $85 from $33 but keeps a Hold rating on the shares after its Q1 earnings beat. The quarter's performance was "far better than expected" and the company's Q2 top-line trends have improved significantly, the analyst tells investors in a research note. After a 34% year-to-date advance in the stock price though, Ollie's' "brighter days" are largely discounted, Chukumba adds.

Stephens analyst Rick Nelson raised the firm's price target on Ollie's Bargain Outlet to $104 from $54 and keeps an Overweight rating on the shares after the company's Q1 earnings came in well above consensus and his own estimates. He is encouraged that same-stores sales growth has rebounded since early April and the "spike" has carried into May, adding that he thinks this demonstrates Ollie's ability to pivot quickly and respond to changing customer demands. Nelson sees Ollie's being a retailer that "should benefit greatly from the shakeout in retail with real estate and canceled order inventory availability," he added.