Novo Nordisk, Eli Lilly slide after Trump comments on weight loss drug pricing
On Tuesday, Citi analysts reiterated their Buy rating and maintained a $133.00 price target for Ollie’s Bargain Outlet (NASDAQ: OLLI) stock, currently trading at $110.01. According to InvestingPro data, four analysts have recently revised their earnings estimates upward for the upcoming period, with price targets ranging from $105 to $137. The decision follows the company’s first-quarter performance, which aligned with market expectations.
Ollie’s reported a 2.6% increase in same-store sales, surpassing the Street’s forecast of 1.7% and falling within the expected range of 2.5-3.0%. The growth was attributed to an increase in transactions, contributing to the company’s impressive 8.04% revenue growth over the last twelve months. Earnings per share also exceeded expectations by approximately 4 cents, aided by a gross margin of 40.25% and a slightly lower tax rate, although higher operating expenses were noted. InvestingPro analysis reveals the company maintains strong financial health with a current ratio of 3.27, indicating robust liquidity management.
Management raised its full-year 2025 same-store sales guidance, reflecting confidence following the first-quarter results. However, the earnings per share guidance remained unchanged, with analysts projecting $3.73 per share for fiscal 2026. Analysts are looking forward to further insights during the upcoming call, particularly regarding second-quarter same-store sales outlook and the buying environment in the second half of the year amidst tariff concerns. For deeper insights into Ollie’s financial outlook and comprehensive analysis, investors can access the detailed Pro Research Report available on InvestingPro, which covers over 1,400 top US stocks.
The company also plans to provide details on first-quarter selling, general, and administrative expenses related to medical and casualty claims, as well as explain why the earnings guidance was not adjusted despite the first-quarter performance.
Ollie’s Bargain Outlet’s solid first-quarter results suggest a stable performance, although some investors might have anticipated a greater upside in same-store sales.
In other recent news, Ollie’s Bargain Outlet has reported strong first-quarter results, with earnings and sales figures exceeding expectations. The company achieved an adjusted earnings per share (EPS) of $0.75, surpassing forecasts from Truist Securities, Goldman Sachs, and RBC Capital. Ollie’s net sales rose by 13.4% year-over-year, reaching $576.8 million, outperforming estimates from multiple analyst firms. The company’s comparable store sales increased by 2.6%, exceeding projections from RBC Capital and consensus forecasts.
In addition to these robust earnings results, Ollie’s management has updated its full-year guidance, now projecting sales between $2.58 billion and $2.60 billion, with comparable store sales growth expected between 1.4% and 2.2%. Analyst firms such as Truist Securities and Goldman Sachs have maintained their Buy ratings, citing Ollie’s strong consumer appeal and growth potential. RBC Capital also reiterated an Outperform rating, noting the company’s potential market share gains from Big Lots (NYSE:BIG) closures.
Meanwhile, UBS maintained a Neutral rating, highlighting the resilience of Ollie’s closeout model amid market volatility. UBS analysts are monitoring the company’s performance in light of its accelerated store opening plans and the evolving retail landscape. These developments reflect Ollie’s ability to navigate competitive pressures and changing consumer preferences effectively.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.