BofA’s Hartnett says concentrated U.S. stock returns are likely to persist
Ollies Bargain Outlet Holdings Inc (NASDAQ:OLLI). has reached a significant milestone, with its stock hitting an all-time high of 140.25 USD. The company, now valued at $8.6 billion, trades at a P/E ratio of 42.69, suggesting premium pricing according to InvestingPro analysis. This achievement underscores a robust performance over the past year, with the stock delivering a 43.2% return and maintaining steady revenue growth of 8.7%. The company’s consistent growth trajectory and strategic initiatives have likely contributed to this upward momentum, capturing the attention of investors and market analysts alike. As Ollies Bargain Outlet continues to expand its footprint and optimize operations, stakeholders remain optimistic about its potential for sustained success in the retail sector. Discover more detailed insights and 13 additional ProTips for OLLI with a subscription to InvestingPro.
In other recent news, Ollie’s Bargain Outlet reported a comparable-store sales increase of 2.6%, exceeding UBS’s estimate of 2.0% and the consensus of 1.7%. Despite a slight year-over-year decline in gross margin, the company maintained most of its gains from the previous year. KeyBanc raised its price target for Ollie’s to $145, citing a strong long-term outlook and the retailer’s potential for growth through store expansion and a favorable closeout environment. Citi reiterated its buy rating with a $133 price target, highlighting Ollie’s market share gains and opportunities arising from tariff disruptions and challenges faced by smaller retailers.
Meanwhile, Piper Sandler adjusted its price target to $123, maintaining an Overweight rating, following Ollie’s first-quarter results. The firm’s analysts noted the company’s favorable market position and unchanged full-year earnings per share guidance. Morgan Stanley (NYSE:MS) maintained an Equalweight rating with a $118 price target, emphasizing Ollie’s potential to enhance its position in the closeout industry. The firm projected a potential increase in comparable sales and earnings per share in the coming years, with a bull case scenario suggesting a price target of $150 by 2026.
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