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Ollies Bargain Outlet Holdings, Inc. (OLLI) operates as a merchandise retailer of various brand name products.
The company offers food products, housewares, books and stationery products, bed and bath products, floor coverings, hardware products, and toys; and other products, including electronics, personal health care, candy, clothing, sporting goods, pet products, luggage, automotive, seasonal, furniture, and lawn and garden products.
As of May 9, 2016, it operated 208 Ollies Bargain Outlet retail stores across 18 states in the United States across 16 states, including Alabama, Delaware, Georgia, Indiana, Kentucky, Maryland, Michigan, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Virginia and West Virginia.
The firm reported strong results yesterday. The retailer reported adjusted earnings of 20 cents per share, exceeding analysts' expectations of 17 cents per share. Revenue jumped by 19.2% to $193.7 million from last year and was above Wall Street's estimates of $190.4 million. For the full year, Ollie's sees adjusted earnings per share between 85 cents and 87 cents, up from its previous outlook of 83 cents to 85 cents. Shares have formed a bullish "flag" and higher share prices are expected for this stock.
52-Weeks Trading Range: $14.88 - $28.72
Entry Point: $24.80
Stop Loss: $23.50
Target Price: $27.30
OLLI closed at $22.80
