JPMorgan also upgraded Ollie's stock from Neutral to Overweight, reflecting confidence in the company's financial prospects and market performance. The firm anticipates a robust growth rate of 2%, suggesting Ollie's is on track to outperform the previous year's second-quarter growth. These recent developments include Ollie's plans to open 50 new stores throughout the fiscal year and a raised outlook for total net sales projected between $2.257 billion and $2.277 billion.