Berenberg Bank analyst Brian McNamara maintained a Buy rating on Ollie's Bargain Outlet Holding (NASDAQ:OLLI) on Friday, setting a price target of $98, which is approximately 60.08% above the present share price of $61.22.
McNamara expects Ollie's Bargain Outlet Holding to post earnings per share (EPS) of $0.53 for the fourth quarter of 2021.
The current consensus among 2 TipRanks analysts is for a Moderate Buy rating of shares in Ollie's Bargain Outlet Holding, with an average price target of $89.
The analysts price targets range from a high of $98 to a low of $80.
In its latest earnings report, released on 07/31/2021, the company reported a quarterly revenue of $415.88 million and a net profit of $45.71 million. The company's market cap is $3.98 billion.
According to TipRanks.com, Berenberg Bank analyst Brian McNamara is currently ranked with 2 stars on a 0-5 stars ranking scale, with an average return of 1.8% and a 47.92% success rate.
Ollie's Bargain Outlet Holdings, Inc. is a holding company, which engages in the retail of closeouts, excess inventory, and salvage merchandise. It offers overstocks, package changes, manufacturer refurbished goods, and irregulars. The company's products include housewares, food, books and stationery, bed and bath, floor coverings, electronics and toys. Ollie's Bargain Outlet Holdings was founded by Mark Butler, Mort Bernstein, Oliver Rosenberg and Harry Coverman on July 29, 1982 and is headquartered in Harrisburg, PA.