Ollie's Bargain Outlet up as brokerages raise PT after beat-and-raise qtr

Ollie's Bargain Outlet Holdings

01/09/2023 14:33

** Shares of discount stores operator Ollie's Bargain Outlet
 OLLI.O  up ~1% at $78.00
    ** At least 7 brokerages raise PT on the stock after co
posted beat-and-raise quarter on Thursday
    ** Piper Sandler raises PT to $91 from $73, citing co's
efforts to boost demand from bargain consumers    
    ** Bank of America Global Securities raises PT to $93 from
$72; says growth was driven by transactions with categories such
as summer furniture, housewares and candy performing well 
    ** Craig-Hallum Capital Group lifts PT to $91 from $80;
notes Ollie's extreme-value positioning has broadened its
customer base, particularly with higher income consumers
    ** Median PT of 14 brokerages covering the stock is $85
    ** Up to last close, stock up ~65% YTD

 (Reporting by Juveria Tabassum in Bengaluru)
 ((Juveria.Tabassum@thomsonreuters.com;))