Ollie’s Bargain Outlet price target raised to $133 from $130 at RBC Capital

RBC Capital raised the firm’s price target on Ollie’s Bargain Outlet (OLLI) to $133 from $130 and keeps an Outperform rating on the shares ahead of its Q4 results. The firm’s model is largely unchanged outside of revising its unit and pre-opening expense estimates following the announcement of 40 additional Big Lots store lease acquisitions, the analyst tells investors in a research note. RBC adds that at current valuation, the firm is positive on the stock’s risk-reward given the “strong” underlying fundamentals.