Craig-Hallum analyst Jeremy Hamblin maintains $Ollie's Bargain Outlet (OLLI.US)$ with a buy rating.
According to TipRanks data, the analyst has a success rate of 50.2% and a total average return of 6.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Ollie's Bargain Outlet (OLLI.US)$'s main analysts recently are as follows:
The firm regards the liquidation and subsequent shuttering of stores by a major competitor as beneficial for the long-term market share prospects of Ollie's Bargain Outlet. It is anticipated that Ollie's will experience an increase in customer traffic as shoppers seek new retail locations. With a significant proportion of Ollie's stores situated in close proximity to those of the competitor, there is a strong potential for Ollie's to attract the consumer base left behind.
The recent developments surrounding Big Lots' bankruptcy filing and the subsequent announcement of 380 store closures may positively influence Ollie's Bargain Outlet's sales and EPS by 2025, potentially increasing them by 2.5 points and 4%, respectively. Additionally, there is an expectation for an upward revision of the FY25 EPS forecast by $0.09 to $3.79.
Note:
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