Ollie's Bargain Up 8% in a Month: Is OLLI Stock Still a Good Buy?

Zacks01-07 23:31

Ollie’s Bargain Outlet Holdings, Inc. OLLI has caught the attention of investors, with its stock climbing 8.4% in the past month, fueled by robust financial results and strategic growth initiatives. ...

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OLLI has caught the attention of investors, with its stock climbing 8.4% in the past month, fueled by robust financial results and strategic growth initiatives. ...</p>\n\n<a href=\"https://finance.yahoo.com/news/ollies-bargain-8-month-olli-153100271.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ollie's Bargain Up 8% in a Month: Is OLLI Stock Still a Good Buy?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOllie's Bargain Up 8% in a Month: Is OLLI Stock Still a Good Buy?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-01-07 23:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/ollies-bargain-8-month-olli-153100271.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Ollie’s Bargain Outlet Holdings, Inc. OLLI has caught the attention of investors, with its stock climbing 8.4% in the past month, fueled by robust financial results and strategic growth initiatives. ...</p>\n\n<a href=\"https://finance.yahoo.com/news/ollies-bargain-8-month-olli-153100271.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0266013472.USD","symbol_name":"AXA WF - Framlington Longevity Economy A Cap USD","start_time":0,"source_url":"https://finance.yahoo.com/news/ollies-bargain-8-month-olli-153100271.html","article_id":"2501521780","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2501521780","pubTimestamp":1736263860,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Ollie’s Bargain Outlet Holdings, Inc. OLLI has caught the attention of investors, with its stock climbing 8.4% in the past month, fueled by robust financial results and strategic growth initiatives. While this performance has been impressive, it raises a critical question: Is there still room for further upside, or has OLLI reached its peak?With the company’s solid fundamentals, aggressive expansion plans and increasing consumer loyalty, OLLI appears well-positioned to maintain its upward trajectory. 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OLLI has caught the attention of investors, with its stock climbing 8.4% in the past month, fueled by robust financial results and strategic growth initiatives. While this performance has been impressive, it raises a critical question: Is there still room for further upside, or has OLLI reached its peak?With the company’s solid fundamentals, aggressive expansion plans and increasing consumer loyalty, OLLI appears well-positioned to maintain its upward trajectory. The stock has outpaced the industry, which showcased a decline of 3.5% in the past month.\nOLLI Stock Past Month Performance\nImage Source: Zacks Investment Research\nOllie’s Bargain stock closed at $106.17 yesterday, positioning it 11.5% below its 52-week high of $120.03 reached on Dec. 20, 2024. Despite this dip, the stock is trading above its 50-day and 200-day moving averages, signaling a bullish trend. As investors evaluate whether this momentum can continue, it is worth examining OLLI’s future prospects to determine the best course of action for your portfolio.\nOLLI Trades Above 50 & 200-Day Moving Averages\nImage Source: Zacks Investment Research\nOllie's Army & Store Expansion: Key to Growth\nWith a strong financial performance and strategic growth initiatives, Ollie’s Bargain is well-positioned to deliver long-term shareholder value. In the third quarter of fiscal 2024, OLLI registered a 7.8% increase in net sales to $517.43 million and a 13.7% rise in adjusted earnings per share to 58 cents. The company also achieved a 100-basis point improvement in the gross margin to 41.4%, driven by reduced supply-chain costs.A key driver of OLLI’s growth is its store expansion strategy. In the third quarter, the company opened 24 new stores, a record number, bringing its total count to 546 stores across 31 states. The acquisition of Big Lots locations and multiple “99 Cents Only” stores has strengthened its portfolio, ensuring a presence in high-traffic areas. With plans to open at least 56 new stores in fiscal 2025, OLLI is on track to achieve its 10% annual unit growth target. The company has also leveraged its customer loyalty program, Ollie's Army, to bolster its market position further. The company ended the third quarter with 14.8 million active Ollie's Army members, accounting for more than 80% of sales. This program, coupled with targeted digital marketing efforts, has helped the company attract a younger demographic, with the 18-45 age group being the fastest-growing segment. Ollie’s robust supply-chain infrastructure is another significant advantage. The newly operational distribution center in Princeton, IL, which supports more than 150 stores, has enhanced the company’s ability to manage its expanding footprint. The company now can serve up to 750 stores. Investments in technology and productivity underscore OLLI’s focus on operational excellence.As the largest buyer of closeout and excess inventory, OLLI benefits from its scale, enabling it to secure favorable deals with suppliers. Its ability to offer high-quality branded products at prices 20-70% lower than traditional retailers provides a competitive advantage. The company’s financial stability, with $304 million in cash and short-term investments and no outstanding debt, ensures flexibility to capitalize on future opportunities.\nWhat to Expect From OLLI?\nManagement envisions fiscal 2024 net sales between $2,270 million and $2,280 million, which suggests an increase from $2,102.7 million reported in fiscal 2023. Ollie’s Bargain anticipates comparable store sales to rise in the band of 2.7-3%. The company anticipates fiscal 2024 adjusted earnings in the range of $3.22-$3.30 per share, up from the adjusted earnings of $2.91 reported last fiscal.\nHere’s How Estimates Stack Up for Ollie's Bargain\nReflecting the positive sentiment around Ollie's Bargain, the Zacks Consensus Estimate for earnings per share has seen upward revisions. Over the past 30 days, analysts have increased their estimates for the current fiscal year by two cents to $3.29 per share and for the next fiscal year by five cents to $3.72 per share. The current and next year's estimates indicate year-over-year growth rates of 13.1% and 14.5%, respectively. See the Zacks Earnings Calendar to stay ahead of market-making news. \nImage Source: Zacks Investment Research\nShould You Stay Bullish on OLLI?\nOllie’s Bargain is positioned for continued success with a robust business model, aggressive growth plans and a favorable operational environment. With strategic store expansions, enhanced supply-chain capabilities and strong vendor relationships, the company is well-poised to capture market share and deliver sustained shareholder value. For investors seeking a resilient, growth-oriented stock, now is the opportune time to buy into Ollie’s Bargain and capitalize on this Zacks Rank #2 (Buy) company.\n3 More Stocks Looking Red Hot\nFreshpet Inc. FRPT manufactures, distributes and markets natural fresh meals and treats for dogs and cats. It currently sports a Zacks Rank #1 (Strong Buy). FRPT has a trailing four-quarter earnings surprise of 144.5%, on average. You can see the complete list of today’s Zacks #1 Rank stocks here.The Zacks Consensus Estimate for Freshpet’s current financial-year sales and earnings implies growth of 27.2% and 228.6%, respectively, from the prior-year reported levels.United Natural Foods UNFI, which together with its subsidiaries, distributes natural, organic, specialty, produce, and conventional grocery and non-food products in the United States and Canada, currently sports a Zacks Rank #1. UNFI has a trailing four-quarter earnings surprise of 553.1%, on average. The Zacks Consensus Estimate for United Natural Foods’ current financial-year sales and earnings calls for growth of 0.3% and 442.9%, respectively, from the year-ago reported numbers.\nSprouts Farmers SFM, which is engaged in the retailing of fresh, natural and organic food products, currently carries a Zacks Rank #2. SFM has a trailing four-quarter earnings surprise of 15.3%, on average. The Zacks Consensus Estimate for Sprouts Farmers’ current financial-year sales and earnings suggests growth of 12.2% and 29.6%, respectively, from the year-ago reported numbers.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nFreshpet, Inc. (FRPT) : Free Stock Analysis Report\nUnited Natural Foods, Inc. (UNFI) : Free Stock Analysis Report\nSprouts Farmers Market, Inc. (SFM) : Free Stock Analysis Report\nOllie's Bargain Outlet Holdings, Inc. (OLLI) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.0","shortVersion":"4.30.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2501521780"}