UPDATE: Ollie's Bargain Outlet (OLLI) PT Raised to $82 at Piper Jaffray Following 1Q Beat
Tweet
Share
E-mailGet Alerts OLLI Hot Sheet
Price: $73.42 --0%
Rating Summary:
16 Buy, 5 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 3 | Down: 4 | New: 5
Rating Summary:
16 Buy, 5 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 3 | Down: 4 | New: 5
Join SI Premium – FREE
(Updated - June 6, 2018 7:32 AM EDT)
Piper Jaffray raised its price target on Ollie's Bargain Outlet (NASDAQ: OLLI) to $82.00 (from $71.00) while maintaining a Overweight rating following the company's 1Q. EPS of $0.41 came in above the consensus of $0.37. Comps of +1.9% were roughly in-line with consensus of +2.0%.
In Q2, OLLI will be rolling out both its mobile app as well as a multi-tier "Ollie's General" loyalty program. Q2 represents the toughest compare of the year, but management noted that QTD trends are encouraging.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Morgan Stanley Upgrades QIAGEN NV (QIA:GR) (QGEN) to Overweight
- Jefferies Reinstates Talen Energy (TLN) at Hold
- Jefferies Starts Louisiana-Pacific Corp (LPX) at Buy
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
Piper JaffraySign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
