Stock olli5/24/2023 OLLI is ranked #37 of 45 stocks in the C-rated Specialty Retailers industry.Īlthough OLLI’s efforts to increase its store count year-over-year could help improve its current sales trends, concerns related to a higher inflationary pressure and low consumer sentiment could limit its growth potential. In addition to the grades I’ve highlighted, one can check out additional OLLI ratings for Growth, Momentum, Value, and Quality here. And the stock’s relatively high beta of 1.09 is in sync with the Stability grade. Analysts’ expectation that OLLI’s EPS will decline in the current quarter is consistent with the Sentiment grade. OLLI has a D grade for Sentiment and Stability. ![]() Our proprietary rating system also evaluates each stock based on eight different categories. The POWR Ratings are calculated by taking into account 118 different factors, with each factor weighted to an optimal degree. OLLI has an overall rating of D, which translates to Sell in our POWR Ratings system. Here’s what could influence OLLI’s performance in the near term: The stock is currently trading 43.8% below its 52-week high of $95.43.įurthermore, as the extreme value retailer continues to see increased supply chain costs due to higher import and labor costs, the stock could witness a pullback in the upcoming months. Although the company expects to see a jump in demand for warm weather seasonal products in the second quarter, several headwinds, including consumers grappling with the worst inflation in nearly 40 years and a looming recession, could be a significant signal of concern for the stock. OLLI’s comparable-store sales dropped 17.3% from the prior year’s increase of 18.8%. ![]() However, the retailer fell short of Wall Street expectations on the top and bottom-line performances. The discount chain expects comparable-store sales ranging from flat to up 3% and a gross margin of roughly 34.5%. OLLI’s stock gained 13.9% over the past five days after the company reported first-quarter fiscal 2022 earnings with an updated second-quarter 2022 outlook. ( OLLI ) offers famous brand-name goods and merchandise at drastically reduced prices. ![]() Pennsylvania-based discount closeout retailer Ollie’s Bargain Outlet Holdings, Inc.
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