OLLI Stock Summary and Trading Ideas (Ollie's Bargain Outlet Holdings | NASDAQ:OLLI)

Ollie's Bargain Outlet Holdings Inc is a retailer of brand-name merchandise at drastically reduced prices. It offers customers a selection of brand-name products, including housewares, food, books and stationery, bed and bath, floor coverings, toys, and hardware. It operates stores across the Eastern half of the United States. Its differentiated go-to-market plan is characterized by a fun, and engaging treasure hunt shopping experience, compelling customer value proposition, and witty, humorous in-store signage and advertising campaigns. These attributes have driven rapid growth and consistent store performance for the company.

Ollie's Bargain Outlet Holdings trades on the NASDAQ stock market under the symbol OLLI.

As of April 15, 2024, OLLI stock price climbed to $72.41 with 834,518 million shares trading.

OLLI has a beta of 0.39, meaning it tends to be less sensitive to market movements. OLLI has a correlation of 0.02 to the broad based SPY ETF.

OLLI has a market cap of $4.44 billion. This is considered a Mid Cap stock.

Last quarter Ollie's Bargain Outlet Holdings reported $649 million in Revenue and $1.23 earnings per share. This beat revenue expectation by $8 million and exceeded earnings estimates by $.08.

In the last 3 years, OLLI stock traded as high as $98.58 and as low as $37.67.

The top ETF exchange traded funds that OLLI belongs to (by Net Assets): VTI, IJH, VB, VXF, VBK.

OLLI has underperformed the market in the last year with a price return of +21.8% while the SPY ETF gained +25.3%. OLLI has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +1.0% and -9.0%, respectively, while the SPY returned +6.2% and -3.6%, respectively.

OLLI support price is $69.74 and resistance is $73.30 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that OLLI stock will trade within this expected range on the day.