The Latest Breaking News from Ollie Bargain Outlet

Tesla led the market rally Thursday, with a few more stocks setting up. But the Snap crash highlights this big risk.

Discount retail stocks are holding up as economists flag a recession risk. Several, including OLLI stock, are near buy points.

Over the past 3 months, 9 analysts have published their opinion on Ollie's Bargain Outlet (NASDAQ:OLLI) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

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Pulled from Benzinga Pro data, Ollie's Bargain Outlet (NASDAQ:OLLI) posted Q1 earnings of $12.52 million, an increase from Q4 of 72.0%. Sales dropped to $406.67 million, a 18.85% decrease between quarters.

Ollie’s Bargain Outlet shows rising price performance, earning an upgrade to its IBD Relative Strength Rating from 67 to 87.

Ollie's Bargain Outlet (NASDAQ:OLLI) has observed the following analyst ratings within the last quarter:

Although Ollie's Bargain Outlet Holdings Inc. (NASDAQ: OLLI) reported another tough quarter, its fundamentals are poised to improve in the second half of the year and beyond, according to RBC Capital Markets.

Truist Securities has decided to maintain its Hold rating of Ollie's Bargain Outlet (NASDAQ:OLLI) and raise its price target from $38.00 to $40.00. Shares of Ollie's Bargain Outlet are trading up 5.36% over the last 24 hours, at $56.24 per share.

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  Ollie's Bargain Outlet (NASDAQ:OLLI) reported its Q1 earnings results on Wednesday, June 8, 2022 at 07:30 AM. Here's what investors need to know about the announcement.