Ollie's Bargain Outlet (OLLI) PT Raised to $78 at Credit Suisse Following 1Q

Credit Suisse raised its price target on Ollie's Bargain Outlet (NASDAQ: OLLI) to $78.00 (from $68.00) while maintaining a Outperform rating following the company's 1Q earnings report. EPS of $0.41 was above consensus of $0.37 despite weather and freight headwinds. Comps were in-line with consensus, although transactions were negative as traffic-driving consumables deals in years past may be contributing to a difficult comparison.

Credit Suisse raised FY’18 EPS estimate to $1.70 (from $1.67) and FY’19 estimate to $2.00 (from $1.98).

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