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-0.000265943300888311 -5.31886601777529E-05 0.000904207223019985 -5.31886601777529E-05 0.0012765278442635 0.00813786500718047 0.00547843199829797 0.00414871549385671
Stock impact report

Ollie's Bargain Outlet upgrade driven by outlet expansion, margin stability [Yahoo! Finance]

Ollie's Bargain Outlet Holdings, Inc. (OLLI) 
Last ollie's bargain outlet holdings, inc. earnings: 3/19 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.ollies.us
Company Research Source: Yahoo! Finance
Ollie's Bargain Outlet (NASDAQ:OLLI) has been upgraded to a ‘Buy' rating by Jefferies analysts, who cited the company's strong market position, traffic-driven model, and potential for long-term unit growth. The firm set a new price target of $130, up from $120, noting that Ollie's currently trades at roughly a 7x P/E discount to Five Below (FIVE), compared with a historical discount of about 1x. Shares of Ollie's traded up almost 4% at $95 late morning on Thursday. Jefferies describes Ollie's as the “#1 in closeout at a moment when scale matters most,” pointing to its national footprint of approximately 645 stores and twice the distribution centers of its nearest competitor. The analysts believe that this scale allows Ollie's to dominate mixed and clearance inventory and secure preferred vendor relationships, advantages that smaller regional players cannot match. They highlighted the company's traffic-led model, writing that “recent comps confirm the model is traffic-led, n Show less Read more
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