Ollie's (OLLI) PT Raised at RBC Capital; 'Qtr Unlikely To Sway The Opinions of Bulls or Bears'
RBC Capital analyst Steven Shemesh raised the price target on Ollie's Bargain Outlet (NASDAQ: OLLI) to $155.00 (from $147.00) while maintaining an Outperform rating.
The analyst commented: "Qtr Unlikely To Sway The Opinions of Bulls or Bears; We view the 4Q print and guidance as a modest net positive, but not enough truly incremental was learned to materially sway the opinions of bulls or bears. We continue to believe the durability of mid-teens+ EPS growth is being under-appreciated, but recognize it may take a few qtrs for that to become apparent. We raise our 1Q comp estimate to +3.5% (+3.0% prior) and adj. EPS estimate to $0.93 ($0.91 prior). For 2026/2027, we now model comp sales +2.6%/+2.0% (+2.0%/+2.0% prior) and adj. EPS $4.50/ $5.15 ($4.60/$5.25 prior). We roll our valuation fwd 1 yr and raise our PT to $155 ($147 prior) based on ~30x (~32x prior) our revised 2027 adj. EPS estimate of $5.15."
