Analyst Edward Kelly of Wells Fargo maintained a Buy rating on Ollie's Bargain Outlet Holding ( OLLI – Research Report ), with a price target of $88.00. Edward Kelly has given his Buy rating due to a combination of factors impacting Ollie's Bargain Outlet Holdings' performance and outlook. In the third quarter, OLLI exceeded expectations with a robust earnings per share of $0.51, outpacing both the consensus estimate of $0.45 and the Wells Fargo estimate of $0.49. The positive results were primarily driven by impressive comparable store sales growth and an increase in gross margin, which indicates a strong value proposition to consumers and efficient operational management. Despite higher selling, general, and administrative expenses due to incentive compensation, the earnings quality remained high, underscoring the company's ability to manage costs effectively while driving top-line growth.