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Looking for a Growth Stock? 3 Reasons Why Ollie's Bargain Outlet (OLLI) is a Solid Choice
ZACKS· 2024-10-14 17:46
Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all. That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss. However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which look ...
OLLI Expands With 7 Big Lots Stores: What More Should Investors Know?
ZACKS· 2024-10-02 17:25
Ollie's Bargain Outlet Holdings, Inc. (OLLI) is set to enhance its retail footprint following the acquisition of seven former Big Lots store leases won through a recent bankruptcy auction. This acquisition comes as part of the ongoing restructuring efforts of Big Lots, which included the closure of 143 stores. Details of OLLI's Acquisition of 7 Big Lots' Stores Of the seven stores, Ollie's Bargain has received the final clearance and approval for six stores from the United States Bankruptcy Court for the Di ...
Ollie's Bargain Outlet (OLLI) Recently Broke Out Above the 50-Day Moving Average
ZACKS· 2024-09-12 14:31
Ollie's Bargain Outlet (OLLI) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, OLLI broke out above the 50-day moving average, suggesting a short-term bullish trend. The 50-day simple moving average is one of three major moving averages used by traders and analysts to determine support or resistance levels for a wide range of securities. But the 50-day is considered to be more important because it's the first marker of an up or down t ...
Ollie's Bargain Outlet: Rating Downgrade As Upside Is No Longer Attractive
Seeking Alpha· 2024-09-12 14:26
Paper Boat Creative Investment action I recommended a buy rating for Ollie's Bargain Outlet (NASDAQ:OLLI) when I wrote about it in June, as I turned more positive about OLLI's ability to grow at my expected rate (10%) with margin expansion. Based on my current outlook and analysis, I recommend a hold rating. The reason for my downgrade is not because of a poor fundamental outlook. But rather, it is because valuation has moved up since my last update, and the upside is no longer attractive. Review OLLI repor ...
Ollie's Bargain Outlet (OLLI) Just Overtook the 20-Day Moving Average
ZACKS· 2024-09-11 14:35
Ollie's Bargain Outlet (OLLI) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, OLLI crossed above the 20-day moving average, suggesting a short-term bullish trend. The 20-day simple moving average is a well-liked trading tool because it provides a look back at a stock's price over a 20-day period. Additionally, shortterm traders find this SMA very beneficial, as it smooths out short-term price trends and shows more trend reversal sign ...
Why Investing in Ollie's Bargain Stock is a Smart Move Right Now
ZACKS· 2024-09-10 15:55
Ollie's Bargain Outlet Holdings, Inc. (OLLI) has demonstrated remarkable resilience and growth potential. Based in Harrisburg, PA, Ollie's has defied industry trends by achieving a significant stock rally of 22.6% over the past six months, while the broader industry experienced an 8% rise. Ollie's success lies in its straightforward yet highly effective business model, 'buy cheap, sell cheap.' This principle, combined with rigorous cost management and a focus on enhancing store efficiency, has allowed it to ...
3 Reasons Why Ollie's Bargain Outlet (OLLI) Is a Great Growth Stock
ZACKS· 2024-09-02 17:45
Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. However, it isn't easy to find a great growth stock. By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss. However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks bey ...
Ollie's Bargain Q2 Earnings Meet Estimates, Comps Rise Y/Y, View Up
ZACKS· 2024-08-30 14:26
Ollie's Bargain Outlet Holdings, Inc. (OLLI) reported second-quarter fiscal 2024 results, wherein the top line beat the Zacks Consensus Estimate, while the bottom line met the same. Both the metrics increased year over year. This Harrisburg, PA-based company also witnessed an uptick in comparable store sales, marking the ninth straight quarter of growth. The company's focus on value-driven merchandise assortments positioned it well to capitalize on opportunities in the marketplace and effectively meet consu ...
Ollie's Bargain Outlet Stock: Stay Bullish On This Industry Outperformer
Seeking Alpha· 2024-08-30 13:10
J. Michael Jones Ollie's Bargain Outlet Holdings (NASDAQ:OLLI) reported its second-quarter earnings highlighted by solid growth, with the trends strong enough for management to hike full-year guidance. Despite some recent volatility, it's been a good year for the "extreme value" discount retailer, emerging as a comeback story following a couple of years of disappointing results. We last covered the stock back in 2022, citing several steps the company was taking to improve financial efficiency. The latest tr ...
Ollie's Stock Goes On Sale: It's Time To Back Up The Truck
MarketBeat· 2024-08-30 11:00
Ollie's Bargain Outlet Today OLLI Ollie's Bargain Outlet $86.90 -7.19 (-7.64%) 52-Week Range $68.05 ▼ $104.98 P/E Ratio 27.41 Price Target $102.46 Add to Watchlist Investors looking to buy into a high-quality growth name should cheer the dip in Ollie's Bargain Outlet NASDAQ: OLLI share prices caused by the Q2 earnings release. The news is mixed with weakness on the bottom line, but that is the worst that can be said. All other details point to industry-leading growth, robust cash flow, balance sheet health, ...