Movement Alert｜Ollie's Bargain Outlet Intraday Rise 5.75% in Regular Trading, RBC Sees Second-Half Upside and Lifts Price Target

Market Focus10-29

On October 29, Ollie's Bargain Outlet rose 5.75% in Regular Trading, trading at $91.195 per share, with turnover of $27.7846 million.

The move followed a recent bullish analyst update indicating the company is likely to outperform consensus expectations in the second half, supported by improving comparable-sales trends and a higher price target.

RBC said store checks and third-party data suggest same-store sales have stabilized, and it raised its third-quarter comparable-sales growth estimate to 1.5% from about flat previously, above the 0.1% consensus view. The firm also lifted its adjusted EPS estimate for the quarter to $0.78 from $0.76, slightly above the $0.77 consensus, and increased its price target to $125 while maintaining an outperform rating. Earlier in October, the company also approved an additional $500 million share repurchase authorization, bringing total available capacity to about $561 million, which added support to sentiment.

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