Ollie's Bargain Outlet Holdings Inc (OLLI) Stock AnalysisOLLIOllie's Bargain Outlet Holdings Inc

Ollie's Bargain Outlet Holdings, Inc. operates as a retailer of closeout merchandise and excess inventory. The Company and its subsidiaries principally buys overproduced, overstocked, and closeout merchandise from manufacturers, wholesalers, distributors, brokers, and other retailers. In addition, it augments its name-brand closeout deals with private label products. It offers customers a selection of brand name products, including housewares, bed and bath, food, floor coverings, health and beauty aids, books and stationery, toys, and electronics. The Company operates over 645 stores in 34 states. The Company's retail locations are located in Alabama, Arkansas, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, Mississippi, Missouri, New Jersey, New York, North Carolina, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Vermont, Virginia, West Virginia, and Wisconsin. It operates in the Consumer Cyclicals sector (RETAIL-VARIETY STORES industry).

Ollie's Bargain Outlet Holdings Inc is a good buy right now, trading at $93.18 with a forward P/E of 19.23, indicating reasonable valuation. The company has shown a strong recovery with a 22.86% increase over the last 20 days, despite a year-to-date decline of 16.30%. Additionally, the gross margin is solid at 39.62%, which supports profitability. The main risk is the negative same-store sales growth reported recently, which could impact future performance.

11 analysts cover OLLI: 7 rate it Buy, 4 Hold and 0 Sell. The average price target is 144.46.