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investment firms increase stakes in ollie's bargain outlet amid mixed analyst ratings

Coldstream Capital Management Inc. now holds 2,912 shares of Ollie's Bargain Outlet, valued at $320,000, after acquiring 97 additional shares. Blue Trust Inc. increased its stake by 55.2%, owning 284 shares worth $31,000, while UMB Bank n.a. raised its position by 25.3% to 545 shares valued at $60,000. Precision Wealth Strategies LLC boosted its holdings by 3.2%, now owning 3,889 shares worth $427,000. Analysts have mixed ratings on the stock, with a consensus "Moderate Buy" and a target price of $121.86, despite recent earnings missing estimates.

morgan stanley raises target price for ollies bargain outlet stock

Congress Asset Management Co. significantly increased its stake in Ollie's Bargain Outlet by 181.6% in Q4, now holding 1,916,584 shares valued at $210.3 million. Other institutional investors, including State Street Corp and Invesco Ltd., also raised their positions. Analysts have mixed ratings on the stock, with a consensus "Moderate Buy" and a target price of $120.14, despite recent earnings missing expectations.

Truist maintains buy rating for Ollie's with steady price target of 121

Truist Securities maintains a Buy rating on Ollie’s Bargain Outlet with a price target of $121, citing strong financial health and anticipated fourth-quarter earnings growth. Analysts predict a 14% store growth in 2025, driven by the liquidation of Big Lots stores, while other firms like Piper Sandler and RBC Capital Markets also express optimism, raising their price targets. However, Jefferies downgraded Ollie’s to Hold, citing concerns over inventory growth.

stock market gains as jabil surges ahead of fed decision

Major indexes showed mild gains as investors awaited the Federal Reserve's interest rate decision. Jabil surged 10% after strong earnings, while Heico fell over 5% despite good results, triggering a sell signal. Meanwhile, Birkenstock rallied on solid revenue growth, and Netgear spiked over 14% amid potential U.S. government actions against Chinese competitors.

mixed earnings reports impact stocks as adobe and oracle fall short

Adobe's 2025 sales and earnings guidance fell short of expectations as the company focuses on expanding its generative AI technology before monetization, leading to a stock decline. Oracle also reported mixed results, with a 10% EPS gain and 9% sales increase, but missed high expectations. Meanwhile, Tesla reached a record high amid optimism about self-driving technology, and Alphabet's stock surged following the announcement of a breakthrough quantum computing chip and new AI tools.

Ollie's Bargain Outlet Expands Retail Footprint Across 31 States

Ollie's Bargain Outlet Holdings, Inc. is a retailer specializing in discontinued and overstock merchandise, sourcing products from various suppliers. The company operates over 541 stores across 31 states, offering a diverse range of categories including housewares, food, health and beauty, and more.
17:03 11.12.2024

dow jones dips as nvidia rebounds and tesla receives analyst upgrade

The Dow Jones fell 0.2% while the S&P 500 and Nasdaq gained 0.1% and 0.7%, respectively, led by technology stocks. Nvidia rebounded after a significant drop due to regulatory concerns, and Tesla rose 3.5% following an analyst upgrade. Oracle and C3.ai reported disappointing earnings, impacting their stock performance.

stock market update trip.com and major players in focus

The Dow Jones Industrial Average fell 0.4% as investors awaited key inflation data, while Nvidia rallied 1.6% after a previous drop, hovering near a critical support level. Oracle's shares plunged 9% following disappointing earnings, and Tesla gained 3%, extending its win streak. Key inflation reports are set for release this week, influencing market sentiment.

stock market update dow jones futures dip as key earnings miss expectations

Dow Jones futures, along with S&P 500 and Nasdaq 100 futures, dipped ahead of Tuesday's market open, influenced by Oracle's over 6% drop after missing earnings estimates. AppLovin fell nearly 15% after not being added to the S&P 500, while Cava and MicroStrategy also saw significant declines. Key inflation reports are anticipated this week, alongside earnings from Adobe and Costco.
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