Ollie's Bargain Outlet and Lifetime Brands Receive Price Target Increases on Strong Performances
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Ollie's Bargain Outlet, a leading discount retailer, has received a price target increase from Craig-Hallum following its strong performance in the fourth quarter of fiscal year 2023. The company reported better-than-expected same-store sales and beat earnings per share estimates. As a result, Craig-Hallum has maintained its Buy rating on Ollie's and raised its price target to $100 from $98 .
Ollie's Bargain Outlet's guidance for fiscal year 2024 indicates a return to its long-term growth pattern, with a projected 1% to 2% increase in comparable store sales. The company plans to open 50 new stores and has increased its long-term store target to 1,300 locations. Craig-Hallum believes that Ollie's remains a leading growth narrative within the retail sector .
Lifetime Brands, a provider of ...
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