Truist Securities Maintains Hold Rating for Ollie's Bargain Outlet: Here's What You Need To Know

Truist Securities has decided to maintain its Hold rating of Ollie's Bargain Outlet OLLI and raise its price target from $38.00 to $40.00.

Shares of Ollie's Bargain Outlet are trading up 5.36% over the last 24 hours, at $56.24 per share.

A move to $40.00 would account for a 28.88% decrease from the current share price.

About Ollie's Bargain Outlet

Ollie's Bargain Outlet Holdings Inc is a retailer of brand name merchandise at drastically reduced prices. It offers customers a selection of brand name products, including housewares, food, books and stationery, bed and bath, floor coverings, toys, and hardware. It operates stores across the Eastern half of the United States. Its differentiated go-to-market strategy is characterized by a unique, fun and engaging treasure hunt shopping experience, compelling customer value proposition and witty, humorous in-store signage and advertising campaigns. These attributes have driven rapid growth and strong and consistent store performance for the company.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.