KeyBanc Starts Ollie's Bargain Outlet (OLLI) at Overweight

KeyBanc initiated coverage on Ollie's Bargain Outlet (NASDAQ: OLLI) with an Overweight rating and a price target of $24.00.

Analyst Bradley B. Thomas said, "OLLI is a compelling unit growth story, in which mid-teen annual store growth can drive 17-20% annual EPS growth for the foreseeable future. While results can be volatile on a quarterly basis, the Company has exhibited consistency in margins, new store economics, and sales over the longer run. Moreover, we believe OLLI has one of the more cyclically-insulated business models in our coverage, which further supports our positive view on the stock."

For an analyst ratings summary and ratings history on Ollie's Bargain Outlet click here. For more ratings news on Ollie's Bargain Outlet click here.

Shares of Ollie's Bargain Outlet closed at $19.94 yesterday.

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