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Ollies Bargain Outlet Holdings Inc (NASDAQ:OLLI) stock reached a significant milestone, hitting an all-time high of 134.62 USD, with a market capitalization now reaching $8.23 billion. According to InvestingPro analysis, the stock is currently trading above its Fair Value, with a "GOOD" overall financial health score. This record-breaking achievement underscores the company’s impressive performance, with the stock delivering a 20.44% return year-to-date and maintaining strong momentum. The recent surge in Ollies Bargain Outlet’s stock price reflects growing investor confidence and the company’s strong market position in the retail sector. As the stock continues to climb, market analysts will be closely watching to see if this momentum can be sustained in the coming months. Discover 13 additional key insights about OLLI with an InvestingPro subscription, including detailed valuation metrics and growth prospects.
In other recent news, Ollie’s Bargain Outlet reported a 2.6% increase in comparable-store sales, surpassing UBS’s estimate of 2.0% and the consensus of 1.7%. Piper Sandler adjusted their price target for Ollie’s to $123 from $124, while maintaining an Overweight rating, following the company’s first-quarter results. KeyBanc raised its price target on Ollie’s stock to $145 from $135, citing a strong long-term outlook and naming it a top pick for 2025. Meanwhile, Citi reiterated its buy rating with a $133 price target, highlighting Ollie’s position as a market share gainer in the retail environment. Morgan Stanley (NYSE:MS) maintained an Equalweight rating with a price target of $118, reflecting a balanced view of potential growth and risks. Analysts from these firms noted Ollie’s strong position to benefit from market opportunities, including the integration of assets from Big Lots (NYSE:BIG) and other liquidated retailers. Additionally, Ollie’s has been noted for its favorable closeout inventory flow, which is expected to positively impact its performance. As the company navigates current economic challenges, analysts remain optimistic about its potential for growth in the coming years.
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