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Ollies Bargain Outlet Holdings Inc (NASDAQ:OLLI) reached a significant milestone as its stock hit an all-time high of 136.98 USD. With a market capitalization of $8.36 billion and a P/E ratio of 41.5x, InvestingPro analysis suggests the stock is currently trading above its Fair Value. This achievement underscores the company’s robust performance and market confidence, reflected in its impressive year-to-date return of 21.87% and revenue growth of 8.7%. The surge in stock price highlights investor optimism and the company’s ability to navigate market challenges effectively, maintaining a "GOOD" financial health rating according to InvestingPro. This all-time high marks a pivotal moment for Ollies Bargain Outlet, signaling sustained growth and potential for future expansion. Discover 12 additional key insights about OLLI with an InvestingPro subscription, including detailed valuation metrics and growth projections in the comprehensive Pro Research Report.
In other recent news, Ollie’s Bargain Outlet reported a comparable-store sales increase of 2.6%, surpassing expectations amid a challenging macroeconomic environment. UBS analysts reaffirmed their Neutral rating with a price target of $123, noting the company’s performance aligned with expectations. Piper Sandler adjusted its price target slightly down to $123, maintaining an Overweight rating, while highlighting Ollie’s favorable market position and unchanged full-year earnings per share guidance. KeyBanc raised its price target to $145 and maintained an Overweight rating, citing a strong long-term outlook and benefits from store expansion. Citi reiterated its Buy rating with a $133 price target, emphasizing Ollie’s market share gains and potential benefits from tariff disruptions. Morgan Stanley (NYSE:MS) maintained an Equalweight rating with a price target of $118, pointing to Ollie’s potential in the closeout industry and a strong product pipeline. These developments reflect a range of analyst perspectives on Ollie’s performance and future prospects.
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