Ollie's Bargain Outlet (OLLI) PT Raised to $63 at RBC Capital pm 4Q Report; 'Jan Comps Accelerated... Current Trends Remain Robust'

RBC Capital raised its price target on Ollie's Bargain Outlet (NASDAQ: OLLI) to $63.00 (from $59.00) while maintaining a Outperform rating, following the company's fourth quarter earnings report.

Analyst Scot Ciccarelli notes a positive outlook on the shares, as the company reported fourth quarter earnings per share and revenue results above consensus estimates driven by accelerating same store sales growth during the 9-week holiday period, pointing to positive current trends.

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