** Discount store Ollie's bargain outlet OLLI.O shares rise ~2.31% to $101.35 premarket

** OLLI reports Q4 net sales of $667.1 mln, compared with $648.9 mln a year ago

** On adjusted basis, OLLI's Q4 earnings per share falls to$1.19, compared with $1.23 per share, a year ago

** 11 of 15 brokerages rate the stock "buy" or higher, 4 "hold"; their median PT is $128 - LSEG data

** As of last close, stock down ~9.7% YTD

(Reporting by Prakhar Srivastava in Bengaluru)

((Prakhar.srivastava2@thomsonreuters.com))