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Investing.com - Truist Securities raised its price target on Ollie’s Bargain Outlet (NASDAQ:OLLI) to $148.00 from $146.00 on Thursday, while maintaining a Buy rating on the discount retailer’s shares. According to InvestingPro data, the stock trades at a P/E ratio of 39.1x and has delivered an impressive 38.8% return over the past year.
The firm cited Ollie’s second-quarter comparable sales growth of 5%, which exceeded Truist’s recently raised estimate of 3%. The company’s "Army Night" promotion contributed approximately 100 basis points to this performance.
Truist highlighted strong earnings flow-through with gross margins reaching nearly 40%, which was 110 basis points ahead of their projections. Operating profit margins expanded by 80 basis points, resulting in a 25% increase in operating profit dollars.
The research firm expressed optimism about Ollie’s near and medium-term outlook, pointing to accelerating unit growth, sales gains from competitive closures, strong deal flow, and continued consumer demand for value offerings.
Despite noting that the stock remained relatively flat following the results due to elevated expectations, Truist recommended that investors remain "aggressive buyers" of Ollie’s shares.
In other recent news, Ollie’s Bargain Outlet Holdings, Inc. reported robust financial results for the second quarter of 2025, surpassing analyst expectations. The company achieved an earnings per share (EPS) of $0.99, which exceeded the forecasted $0.92. Additionally, Ollie’s reported revenue of $680 million, outperforming the anticipated $660.75 million. These results reflect a strong performance in the recent period. The company’s financial achievements have drawn attention from investors and analysts alike. While the earnings and revenue figures were notable, no recent updates on mergers or acquisitions were reported. Similarly, there were no analyst upgrades or downgrades mentioned in the latest reports. Ollie’s continues to be a subject of interest in the retail sector due to its recent financial success.
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