"Wells Fargo believes the post-Q3 earnings pullback creates an attractive entry point, noting that choppy data is an overhang but 'a couple of weeks is not a trend.' Management's tone remains positive, and Wells expects a solid Q1 aided by 'One Big Beautiful Bill' tax refunds."
"The firm cited strong Q4 comparable store sales growth, effective cost management, and healthy margins as evidence that Ollie's is positioned for continued double-digit earnings growth in 2026."
"CEO Eric van der Valk captured the demand environment plainly: 'Our deal flow is off the charts. This gives us more control and flexibility in how we build our merchandise assortment.'"
Ollie's Bargain Outlet has experienced a significant stock selloff, down 17.53% this year and 19.85% over the past year. Wells Fargo analyst Edward Kelly believes this decline presents a buying opportunity, adding Ollie's to the Q2 Tactical Ideas List with an Overweight rating and a $130 price target. The firm cites strong comparable store sales growth and effective cost management as indicators of continued double-digit earnings growth. Ollie's operates 645 stores and reported $2.65 billion in net sales, reflecting a 17% year-over-year increase.
Read at 24/7 Wall St.
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