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Ollie's Bargain's (OLLI) commitment to providing brand-name and closeout merchandise at attractive price points results in favorable responses from customers.
Sales for Ollie's are up and profits are way up. As the company continues to thrive in this environment, it can move quickly as some of its rivals struggle.
Ollie's Bargain Outlet stock is primed for a major move
CNBC's Jim Cramer explains why he is keeping an eyes on shares of Ollie's Bargain Outlet.
Ollie's Bargain's (OLLI) commitment to providing brand-name and closeout merchandise at attractive price points results in favorable responses from customers.
Remain bullish on OLLI as it should continue to benefit from the weak macro environment. OLLI reported strong 1Q24 results with sales and margin exceeding expectations. Expect OLLI to continue growing at 10% and expand margins, and should continue to trade at a premium to peers.
Ollie's Bargain Outlet (OLLI) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
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